Coforge Appoints MUFG Intime as New Share Registrar

Coforge has named MUFG Intime India Private Limited as its new Registrar and Transfer Agent (RTA), a change that takes effect on March 19, 2026. This transition means shareholders will now handle all future correspondence related to share transfers, transmissions, and unclaimed dividends with the new RTA.

Shareholder Communication Changes

The company's decision to appoint MUFG Intime India marks a shift from its previous Registrar, Alankit Assignments Limited. Shareholders are advised to update their records to reflect that all future communications concerning share transfers, dividend payments, and requests related to unclaimed dividends must now be sent to MUFG Intime India. A specific period has been established for lodging older physical share transfer requests. Those executed before April 1, 2019, can be submitted between February 5, 2026, and February 4, 2027.

The Role of a Registrar

The Registrar and Transfer Agent is key to managing a company's shareholder services. This role involves processing share transfers, updating investor details, and handling dividend distributions, including those for unclaimed dividends. A well-functioning RTA supports smooth communication and helps build investor confidence.

Background on the New Registrar and Company

MUFG Intime India, the new RTA, was formerly known as Link Intime India Private Limited. Link Intime India had previously settled a case with the Securities and Exchange Board of India (SEBI) for alleged market norm violations, paying ₹14.5 lakh. SEBI had also imposed monetary penalties on the company in early 2025 for regulatory breaches. Coforge has also experienced financial matters, including a ₹184.98 crore tax demand from the Income Tax Department concerning transfer pricing adjustments for FY 2021-22, a demand the company is contesting.

Potential Transition Risks

Potential challenges during this transition include possible initial administrative delays as new systems are integrated. Shareholders must ensure all correspondence is correctly routed to MUFG Intime India to avoid processing issues.

Industry Context

In the broader IT services sector, where Coforge competes with major players like TCS, Infosys, and Wipro, as well as firms such as Mphasis and Persistent Systems, managing shareholder relations is a standard operational function. While peers also use RTAs, the choice and efficiency of these agents can influence administrative costs and investor experience. Established IT companies typically maintain strong investor relations departments.

What to Monitor Next

Investors will be watching how smoothly MUFG Intime India manages its new role and processes requests during the special window. Ensuring all communications are directed correctly to the new RTA will be key to avoiding service disruptions.