Meeting Details

The Extraordinary General Meeting of Persistent Systems Limited was held on Monday, October 5, 2026. The meeting took place at the company's premises at Persistent Systems Limited, Dewang Mehta Auditorium, 'Bhageerath', 402 Senapati Bapat Road, Pune 411 016, India. The meeting was conducted in a hybrid format, allowing attendance both in-person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting commenced at 04:00 P.M. (IST) and concluded at 05:13 P.M. (IST), including the time allowed for e-voting at the EGM.

Proposed Resolutions and Implications

The EGM considered and voted upon four special business items:

  • Alteration of the Articles of Association of the Company
  • Increase of the overall borrowing limit of the Company for an aggregate amount up to USD 1,250 million
  • Creation of a charge, pledge, hypothecation, and/or mortgage by the Company in relation to the above debt financing
  • Issuance of securities for an aggregate amount up to USD 450 Million

Voting Process and Methods

The company provided three voting options to members:

1. Remote e-voting through the platform of National Securities Depository Limited (NSDL) from Monday, September 25, 2026, at 09:00 A.M. (IST) to Sunday, October 4, 2026, till 05:00 P.M. (IST)

2. Physical Ballot Paper voting at the EGM

3. E-voting at the time of the EGM till 05:13 PM (IST)

Voting Outcomes and Scrutinizer's Role

The scrutinizer will submit the consolidated report on the remote e-voting, venue e-voting at the time of the EGM, and voting through ballot paper to the Company on or before Wednesday, October 7, 2026. The document states that subject to receipt of the requisite number of votes, the resolutions shall be deemed to have been passed on the date of the meeting (October 5, 2026). The actual voting results and category-wise breakdown are not provided in this document as the scrutinizer's report is pending.

Compliance Confirmation

The document confirms compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically referencing Regulation 30 and Schedule III (Part A)(13). The company commits to submitting the scrutinizer's report along with voting results to the stock exchanges in accordance with Regulation 44 of the SEBI LODR Regulations once received.