Persistent Systems Confirms INR 5,761 Floor Price

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

Key Points to Include:

Nature and Purpose of the Meeting:

The document is an update following a Special Committee of the Board meeting. The purpose was to confirm the floor price for an issue.

Details of Resolutions Passed:

The Special Committee approved a floor price of INR 5,761.00 per Equity Share for the Issue.

Financial Impact:

The confirmation of the floor price is a key step in a fundraising process, though the total capital to be raised or the number of shares is not specified in this update.

Timing of the Meeting:

The meeting was held on October 21, 2026. The letter was digitally signed on the same date at 19:58:22 +05'30'.

Compliance References:

The pricing is explicitly stated to be based on the formula prescribed under the SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations.

The document is a regulatory filing submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited.

Any Other Material Disclosure:

This letter is a continuation of an earlier communication with reference number NSE & BSE / 2026-27 / 166 dated October 21, 2026, titled 'Outcome of the Special Committee Meeting held on October 21, 2026'.

It is explicitly stated that all other details from that prior letter remain unchanged. The specific nature of the issue (e.g., QIP, preferential allotment) and the use of proceeds are not covered in this document.