Event Type: The company held multiple institutional investor sessions including group meetings and one-on-one interactions on Tuesday, September 29, 2026.

Date and Time: The sessions were held throughout the day on September 29, 2026, with specific timings:

  • Group Meeting at 9:00 AM IST (Millennium, Arrowpoint, Polymer, Schonfeld, Optimas, Balyasny, SIG, Citadel, Dymon Asia, North Rock, Carrhae Capital)
  • One-on-One at 10:30 AM IST (Axis Max Life)
  • One-on-One at 12:15 PM IST (Aditya Birla Sun life Mutual Fund)
  • Group Meeting at 2:00 PM IST (Abakkus, Carnelian)
  • One-on-One at 4:00 PM IST (Canara Robeco Mutual Fund)

Purpose of Event: The sessions were held to interact with institutional investors and reiterate information contained in the Investor Presentation submitted to stock exchanges on September 19, 2026 (Ref No. NSE & BSE / 2026-27 / 126).

Management Participants: The presentation listed the following speakers:

  • Executive Director & Chief Executive Officer
  • Vinit Teredesai, Executive Director & Chief Financial Officer
  • Sandeep Kalra
  • Saurabh Dwivedi, Corporate Vice President, Finance & Strategy
  • Rahul Ravi, Deputy General Manager, Corporate Development

Financial Period Discussed: Q1FY27 results and performance metrics were discussed, building on the September 19, 2026 investor presentation.

UPSI Compliance: The company explicitly stated that "no unpublished price sensitive information was shared or discussed during these sessions."

Presentation Availability: A copy of the Investor Presentation was enclosed with the regulatory filing and was previously submitted to stock exchanges on September 19, 2026.

Financial Highlights from Investor Presentation

Q1FY27 Performance:

  • Revenue: $452 million
  • Quarterly Growth (QoQ): 3.76%
  • Yearly Growth (YoY): 16.07%
  • 8-quarter compound quarterly growth rate (CQGR): 4.09%
  • 16-quarter CQGR: 4.00%

Comparative Performance vs Indian IT Peers:

  • Indian IT peer QoQ growth for Q1FY27: 0.52% (Persistent outperformed by 3.24%)
  • Indian IT peer YoY growth for Q1FY27: 3.44% (Persistent outperformed by 12.63%)

Market Position:

  • Only publicly listed Indian IT services company to deliver 25 consecutive quarters of sequential revenue growth since FY2021
  • Serves 18 of 50 Fortune 50 companies
  • Top client concentrations: 39.0% from top 10 clients in Q1FY27

Strategic Update: Nagarro Acquisition

Transaction Details:

  • Persistent has agreed to acquire 100% of Nagarro SE at Enterprise Value of ~€1.27 billion
  • Price: €81 per share in cash
  • Premium: ~140% to undisturbed closing price on June 25, 2026; ~94% to three-month volume-weighted average price
  • Valuation multiples: 1.27X EV/CY25A Revenue; 9.19X EV/CY25A Adjusted EBITDA
  • Persistent has already secured ~21% stake via share purchase agreement
  • Minimum acceptance threshold for open offer: 50% + 1 share

Nagarro Business Overview:

  • Digital engineering business with ~€1 billion revenue
  • 18,003 professionals across 38 countries (13,145 in India, 1,100 in Germany, 831 in Romania, 558 in US)
  • Portfolio of over 1,000 clients across 72 countries
  • Strong European presence across automotive, manufacturing, industrial, retail, CPG, financial services

Strategic Rationale:

  • Creates AI-led engineering powerhouse with end-to-end offerings
  • Expands European presence and creates globally balanced geographic footprint
  • Adds vertical scale in BFSI, TMT, HLS, and expands to industrials, retail, public sector
  • Combines complementary capabilities in AI, digital, product design, ERP and CX

Additional Notes

Attachments: The regulatory filing included the full Investor Presentation dated September 2026.

Financial Data: The announcement itself contained no new financial data beyond what was previously disclosed in the September 19, 2026 presentation.

Forward-looking Statements: The presentation contained extensive cautionary statements about forward-looking information, non-GAAP measures, and transaction risks.