Date: October 9, 2026
Update on Voluntary Public Takeover Offer
Persistent Systems Limited secured 1,335,114 shares of Nagarro SE during the additional acceptance period of its Voluntary Public Takeover Offer, which ran from September 23, 2026, to October 6, 2026. These shares represent approximately 10.79% of Nagarro SE's outstanding share capital (excluding treasury shares).
This acquisition is in addition to the approximately 61.15% of Nagarro's outstanding share capital secured during the main acceptance period of the Offer from August 6, 2026, to September 17, 2026, and approximately 22.10% secured under a separate share purchase agreement with Lantano Beteiligungen GmbH.
As a result, Persistent Systems Limited now holds an aggregate shareholding of approximately 94.04% in Nagarro SE (excluding treasury shares) as of October 6, 2026.
The Offer remains subject to the fulfilment of certain outstanding offer conditions specified in the offer document. Consequently, settlement of the Offer for shares tendered during both the acceptance period and the additional acceptance period will be undertaken only after these outstanding conditions are fulfilled.
This announcement is a continuation of previous intimations with reference numbers NSE & BSE / 2026-27 / 105 (dated August 6, 2026), NSE & BSE / 2026-27 / 123 (dated September 18, 2026), and NSE & BSE / 2026-27 / 129 (dated September 22, 2026).