Event Type: One-on-One institutional investor meetings
Date and Time: Monday, September 28, 2026, and Tuesday, September 29, 2026, at various times in SGT (Singapore Time) time zone
Stated Purpose: Interaction with institutional investors (in-person) to reiterate information contained in the Investor Presentation submitted to stock exchanges on September 19, 2026
Investor Meeting Schedule:
- September 28, 2026: Wellington Management (10:30 AM), White Oak Capital Partners (12:30 PM), Allianz Global Investors (2:00 PM), Manulife Asset Management (3:30 PM), T. Rowe Price (5:00 PM)
- September 29, 2026: HSBC Global Asset Management (9:00 AM), Capital Research (10:30 AM), Kotak Offshore (2:00 PM), Schroder Investment Management (3:30 PM)
Management Participants: While not explicitly listed for these sessions, the investor presentation identifies key executives including Vinit Teredesai (Executive Director & Chief Executive Officer), Sandeep Kalra (Executive Director & Chief Financial Officer), Saurabh Dwivedi (Corporate Vice President, Finance & Strategy), and Rahul Ravi (Deputy General Manager, Corporate Development)
Presentation Availability: The company will use the Investor Presentation previously submitted to stock exchanges on September 19, 2026, under Ref No. NSE & BSE / 2026-27 / 126. A copy was enclosed with this intimation.
UPSI Compliance: The company explicitly states that "no unpublished price sensitive information is proposed to be shared or discussed during these sessions."
Financial Highlights from Presentation:
- Q1 FY27 Revenue Growth: 16.07% YoY (USD terms)
- Q1 FY27 EBIT Margin: 16.0%
- Q1 FY27 PAT Margin: 11.2%
- The company claims to be the only publicly listed Indian IT services company to have delivered 25 consecutive quarters of sequential revenue growth since FY2021
- QoQ growth of 3.76% in Q1FY27 compared to peer average of 0.52%
- Relative outperformance vs peers: 3.24% QoQ and 12.63% YoY
Strategic Update - Nagarro Acquisition:
- Persistent has agreed to acquire 100% of Nagarro SE at an Enterprise Value of approximately €1.27 billion
- Purchase price: €81 per share in cash, representing a 140% premium to undisturbed closing price on June 25, 2026
- Valuation multiples: 1.27x EV/CY25A Revenue; 9.19x EV/CY25A Adjusted EBITDA
- Persistent has already secured ~21% stake in Nagarro via share purchase agreement
- Management Board of Nagarro has expressed intent to tender their shares
- Both Nagarro Boards fully support the transaction and signed a Business Combination Agreement
- Minimum acceptance threshold for open offer: 50% + 1 share
Nagarro Business Overview:
- €1 billion digital engineering business with strong European footprint
- 18,003 professionals across 38 countries (13,145 in India)
- AI-first diversified digital engineering business
- Portfolio of over 1,000 clients across 72 countries
- Strong presence in Automotive, Manufacturing, Industrial, Retail, CPG, Financial Services, Insurance, Travel and Logistics
Additional Notes Section
- The document includes an enclosed Investor Presentation dated September 2026
- The presentation contains extensive forward-looking and cautionary statements regarding the Nagarro acquisition
- No actual financial data beyond the highlighted metrics was disclosed in this specific announcement
- The document is a regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015