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An update from Coforge Limited ( (IN:COFORGE) ) is now available.
Coforge Limited has announced the results of a postal ballot concluded on January 25, 2026, in which shareholders overwhelmingly approved four key resolutions, including increasing authorised share capital, issuing equity shares on a preferential basis via a share swap, enhancing investment limits, and enabling capital raising through qualified institutional placement or other permitted instruments. However, a resolution to grant special rights and related covenants, tied to an amended and restated Articles of Association, received 68.5% support and failed to meet the 75% threshold, prompting the company to engage with stakeholders on next steps even as it continues to advance regulatory and closing requirements for its planned Encora acquisition, a move that underscores Coforge’s broader expansion and capital-raising strategy.
More about Coforge Limited
Coforge Limited is an Indian technology services company operating out of special economic zones in Greater Noida and Gurugram. It provides IT and digital services to global clients, with its equity shares listed on both BSE and NSE, indicating a focus on public capital markets and institutional investors for funding its growth and strategic initiatives.
Average Trading Volume: 77,530
Technical Sentiment Signal: Buy
Current Market Cap: 548.1B INR
For a thorough assessment of COFORGE stock, go to TipRanks’ Stock Analysis page.