Persistent Systems Limited held institutional investor sessions on Friday, September 25, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The event consisted of one-on-one in-person meetings with five major Indian mutual funds.

Event Details:

  • Event Type: One-on-One Institutional Investor Meetings
  • Date: Friday, September 25, 2026
  • Time: Sessions conducted throughout the day from 8:00 AM to 1:30 PM IST
  • Participants: SBI Mutual Fund (8:00 AM), UTI Mutual Fund (9:15 AM), Edelweiss Mutual Fund (10:30 AM), HSBC Mutual Fund (12:00 PM), and ICICI Prudential Mutual Fund (1:30 PM)

Purpose and Content:

The sessions were conducted to discuss the company's Q1 FY27 financial performance and strategic updates. During these meetings, the company reiterated the information contained in the Investor Presentation that was previously submitted to the stock exchanges on September 19, 2026, under reference number NSE & BSE / 2026-27 / 126.

Financial Highlights from Presentation:

  • Q1 FY27 Revenue: $452.4 million, representing 16.1% YoY growth
  • Q1 FY27 EBIT Margin: 16.0%, showing 32.7% YoY improvement
  • Q1 FY27 PAT Margin: 11.2%, representing 13.7% YoY growth
  • TTM Revenue: $1,717.1 million, with 16.8% YoY growth
  • Employee Count: 28,640 as of June 30, 2026
  • Market Capitalization: $9.3 billion

The company highlighted that it is the only publicly listed Indian IT services company to have delivered 25 consecutive quarters of sequential revenue growth since FY2021, with Q1 FY27 showing 3.76% QoQ growth and 16.07% YoY growth, significantly outperforming peers.

Major Strategic Announcement - Nagarro Acquisition:

The presentation detailed the proposed acquisition of Nagarro SE, a €1 billion digital engineering business:

  • Enterprise Value: ~€1.27 billion
  • Offer Price: €81 per share in cash (140% premium to undisturbed June 25, 2026 closing price)
  • Valuation: 1.27x EV/CY25 Revenue; 9.19x EV/CY25 Adjusted EBITDA
  • Nagarro CY2025 Revenue: €999.3 million with 2.8% YoY growth
  • Nagarro CY2025 Adjusted EBITDA: €138.2 million with 13.8% margin
  • Nagarro Employee Count: 18,003 professionals across 38 countries
  • Persistent has already secured ~21% stake via share purchase agreement

Compliance Statement:

The company explicitly stated that no unpublished price sensitive information was shared or discussed during these investor sessions.

Management Participants:

The investor presentation listed the following speakers:

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

Additional Notes Section

The disclosure included an enclosed Investor Presentation dated September 2026 that contained comprehensive financial and operational data. The presentation included forward-looking statements and cautionary notes about the Nagarro acquisition, noting that completion remains subject to regulatory, shareholder, and other third-party approvals.

No standalone financial data beyond what was presented in the investor deck was disclosed in this specific announcement. The document served primarily as an intimation of the investor meetings that had already occurred.