Scrip Code / Symbol: BSE: 533179 / NSE: PERSISTENT

Nature and Purpose of the Meeting

A Special Committee of the Board of Directors meeting was held to approve the allotment of Equity Shares under a Qualified Institutional Placement (QIP).

Details of Resolutions Passed

The Committee approved the allotment of 7,683,981 Equity Shares to qualified institutional buyers at an issue price of ₹5,550.00 per share. This price includes a discount of ₹211.00 per share, which is 3.66% of the floor price determined under SEBI ICDR Regulations. The shares were issued at a premium of ₹5,545.00 per share.

The total capital raised from the issue is ₹42,646.09 million.

Financial Impact

Consequent to the allotment, the company's paid-up equity share capital has increased from ₹790,750,000 (consisting of 158,150,000 Equity Shares of ₹5 each) to ₹829,169,905 (consisting of 165,833,981 Equity Shares of ₹5 each).

Timing of the Meeting

The meeting was held on Monday, October 26, 2026. It commenced at 22:47 Hrs (IST) and concluded at 23:08 Hrs (IST).

Compliance References

The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) and in compliance with the provisions of Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). Reference is also made to SEBI master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Other Material Disclosure: List of Allottees

The document includes an annexure listing allottees who were allotted more than 5% of the equity shares offered in the issue. The major allottees and their allocations are:

  • SBI Mutual Fund (Various Schemes): 2.32% to 9.38% of the issue size, totaling 629,721 shares across seven schemes (SBI LARGE & MIDCAP FUND, SBI MNC FUND, SBI MIDCAP FUND, SBI EQUITY SAVINGS FUND, SBI MULTICAP FUND, MAGNUM HYBRID LONG SHORT FUND, SBI BALANCED HYBRID FUND).
  • ICICI Prudential Technology Fund: Allotted 585,586 shares, representing 7.62% of the issue.
  • Kotak Mahindra Mutual Fund (Various Schemes): Allotted 585,586 shares in total (7.62% of issue) across four schemes (KOTAK BALANCED ADVANTAGE FUND, KOTAK FOCUSED FUND, KOTAK SERVICES FUND, INFINITY HYBRID LONG-SHORT FUND).
  • Aditya Birla Sun Life Mutual Fund (Various Schemes): Allotted 585,586 shares in total (7.62% of issue) across thirteen different schemes.
  • Government Pension Fund Global: Allotted 450,451 shares, representing 5.86% of the issue.

The total shares allotted to these major allottees (holding >5%) is 2,927,930, which is 38.10% of the total issue size of 7,683,981 shares.

Issue Timeline

The QIP opened on October 21, 2026, and closed on October 26, 2026. These dates were previously intimated to the exchanges via letters dated October 21, 2026, and October 26, 2026 (Ref. No. NSE & BSE / 2026-27 / 170).

Use of Proceeds

No specific details on the use of proceeds from the QIP are mentioned in the document.