Persistent Systems Limited has received the Certified True Copy of the order issued by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench-I, approving the Scheme of Amalgamation of its wholly owned subsidiary, Arrka Infosec Private Limited (Transferor Company), with Persistent Systems Limited (Transferee Company). The certified copy was received through the company's advocate on May 11, 2026, following the order pronounced on April 21, 2026.

Key Details of the Merger Order

The merger was adjudicated under Company Petition CP (CAA) No. 206/MB/2025 in CA (CAA) No. 179/MB/2025, before a bench comprising Shri Prabhat Kumar, Member (Technical), and Shri Sushil Mahadeorao Koche, Member (Judicial). The following table summarises the key parameters of the approved scheme:

Background of the Petitioner Companies

Arrka Infosec Private Limited (CIN: U72200PN2012PTC141873) was originally incorporated on January 6, 2012, under the name "Innovative 21st Century Technologies Minds Private Limited" and was subsequently renamed on July 14, 2017. The company is engaged in information technology and IT-enabled services, including data processing, analytics, strategic management, and HR analytics, among others. Its registered office is located at Bhageerath, Vetal Chowk, 402E, Senapati Bapat Road, Pune 411016, and it is a wholly owned subsidiary of Persistent Systems Limited.

Persistent Systems Limited (CIN: L72300PN1990PLC056696) was incorporated on May 30, 1990, and is engaged in the design, development, manufacture, and marketing of computer software, firmware, and hardware systems for commercial, industrial, scientific, medical, and defence applications. Its registered office is at Bhageerath, 402 Senapati Bapat Road, Pune, Maharashtra, India, 411016. The shares of Persistent Systems Limited are listed on BSE and NSE, while those of Arrka Infosec Private Limited are not listed on any stock exchange.

Rationale for the Scheme

The Board of Directors of both companies approved the scheme — Arrka Infosec on April 24, 2025, and Persistent Systems on April 23, 2025. The rationale cited for the amalgamation includes:

• Simplification of the corporate structure by merging a wholly owned subsidiary operating in a similar line of business
• Realisation of synergy gains and elimination of duplicate corporate procedures
• Consolidation of undertakings for effective management and unified control of operations
• Reduction of administrative and managerial costs, and minimisation of duplication of records and regulatory compliances

Consideration and Capital Treatment

Since Arrka Infosec Private Limited is a wholly owned subsidiary of Persistent Systems Limited, no new shares of the Transferee Company will be allotted in lieu of or in exchange for the holding in the Transferor Company. Upon the scheme becoming effective, the issued and paid-up capital of the Transferor Company shall stand cancelled on the Effective Date without any further act, instrument, or deed.

Regulatory Compliance and Key Directions

The NCLT noted that all requisite statutory compliances had been fulfilled and that no objections were received from any statutory, regulatory authority, creditors, members, or other stakeholders. The Official Liquidator, High Court, Bombay, confirmed in its report dated January 8, 2026, that the affairs of the Transferor Company had not been conducted in a manner prejudicial to the interests of creditors or to public interest. The Income Tax Department, which had initially raised observations, conveyed on January 9, 2026, that it had no objection to the scheme, subject to protection of its rights.

Key directions issued by the NCLT include:

• The Petitioner Companies must file a copy of the order along with the Scheme with the concerned Registrar of Companies electronically in E-Form INC-28 within 30 days from the date of receipt of the order
• A copy of the order and scheme must be lodged with the concerned Superintendent of Stamps for adjudication of stamp duty within 60 days from receipt of the order
• All employees of the Transferor Company in service on the date immediately preceding the Effective Date shall become employees of Persistent Systems Limited without any break or interruption in service, on terms and conditions not less favourable than those subsisting prior to the merger
• The Transferor Company is dissolved without winding up upon the scheme taking effect
• All liabilities of the Transferor Company shall be transferred to Persistent Systems Limited; liabilities in respect of offences committed prior to the merger shall continue as provided under Section 240 of the Companies Act, 2013

Persistent Systems , a global Digital Engineering and Enterprise Modernization leader, announced on May 7, 2026, that it has achieved the Databricks Brickbuilder Specialization for Healthcare and Life Sciences (HLS). This recognition validates Persistent Systems' ability to deliver production-grade, governed data and AI solutions on the Databricks Data Intelligence platform. The achievement strengthens the company's standing in serving providers, payers, pharmaceutical, biotechnology, and medical device organizations seeking to accelerate clinical development, improve patient outcomes, and operationalize AI across regulated environments.

Addressing HLS Data Challenges

HLS organizations face mounting pressure to accelerate clinical trials, shorten drug discovery timelines, and generate real-world evidence. Legacy architectures have historically struggled to integrate diverse datasets spanning clinical records, genomics, imaging, and patient data. Persistent Systems leverages the Databricks Data Intelligence platform to unify these data sources into a governed, AI-ready foundation, enabling improved trial design, faster cohort identification, biomarker discovery, and scalable evidence platforms.

The following core Databricks technologies underpin these solutions:

Production-Grade, Regulatory-Compliant Solutions

Building on this foundation, Persistent Systems delivers production-grade, regulatory-compliant data and AI solutions tailored for HLS environments. These solutions are designed to move organizations from isolated pilots to enterprise-scale AI, ensuring accuracy, governance, and interoperability across clinical, R&D, commercial, and operational workflows. Real-world implementations include helping a Contract Research Organization improve trial success rates and supporting a Scientific Instruments and Medical Devices leader to accelerate innovation using the Databricks platform.

Partnership Credentials and Collaboration

Persistent Systems is a Global Systems Integrator partner for Databricks at the Silver Tier, with more than 900 certifications and a growing portfolio of accelerators on the Databricks Data Intelligence platform. The collaboration between Persistent Systems and Databricks continues to expand through co-creation and go-to-market initiatives focused on delivering measurable business outcomes across the HLS ecosystem.

Leadership Perspectives

Senior leaders from both Persistent Systems and Databricks highlighted the significance of the specialization:

• Ganesh Nathella, Executive Vice President and General Manager – HLS Business, Persistent Systems, noted that the priority for HLS organizations is shifting from simply accessing data to making it actionable across clinical, research, and operational environments, and that the specialization reflects progress in building capabilities to address this shift.
• Sameer Dixit, Corporate Vice President – Data, AI & Integration, Persistent Systems, emphasized that data readiness is critical to scaling AI in healthcare and life sciences, and that the specialization underscores the strength of the Persistent Systems–Databricks partnership.
• Josh Meyer, Global Head of Partner Solutions and Industry GTM, Databricks, stated that Persistent Systems' achievement reflects their proven ability to turn data and AI into real-world impact, applying the Databricks platform to complex HLS challenges ranging from clinical insights to AI-driven drug discovery.

About Persistent Systems

Persistent Systems is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 27,500 employees located in 18 countries, the company offers a comprehensive suite of services including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The company has achieved carbon neutrality and has been named one of America's Greatest Workplaces for Inclusion & Diversity 2025 by Newsweek and Plant A Insights Group. With 468% growth in brand value since 2020, Persistent Systems is recognized as the fastest-growing IT services brand in the Brand Finance India 100 2025 Report.