NCLT Sanctions Persistent Systems Merger with Arrka Infosec

1 min read     Updated on 23 Apr 2026, 04:18 AM
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Persistent Systems Limited received NCLT sanction on April 21, 2026, for absorbing wholly owned subsidiary Arrka Infosec Private Limited. The official notification was received via email at 2138 Hrs IST. The certified copy of the order is awaited and will be submitted to stock exchanges upon receipt.

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persistent systems announced that the National Company Law Tribunal (NCLT), Mumbai, has sanctioned the merger of its wholly owned subsidiary Arrka Infosec Private Limited into the holding company through absorption. The order was passed by the Hon'ble NCLT on April 21, 2026, pursuant to the scheme of merger between the two entities.

The official notification regarding the tribunal's order was received by the company via email on April 21, 2026, at 2138 Hrs IST. The intimation was submitted to the stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the disclosure dated May 16, 2025, submitted under Regulation 37(6) of the LODR Regulations.

Merger Details

Particulars Details
Transferor Company Arrka Infosec Private Limited (Wholly Owned Subsidiary)
Transferee Company Persistent Systems Limited (Holding Company)
Merger Type Absorption
NCLT Order Date April 21, 2026
Notification Received April 21, 2026 at 2138 Hrs IST

The certified copy of the NCLT order is currently awaited by the company. Upon receipt, the same will be submitted to the stock exchanges in due course as required under the regulatory framework. The company referenced its earlier intimation under reference number NSE & BSE / 2025-26 / 021 dated April 24, 2025, in relation to this matter.

The filing was signed by Amit Atre, Company Secretary, on behalf of Persistent Systems Limited. The intimation was addressed to the Managers of Corporate Services at both the National Stock Exchange of India Limited and BSE Limited for their information and record.

Historical Stock Returns for Persistent Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-6.28%-13.69%+0.48%-18.65%-8.06%+406.38%

How will the integration of Arrka Infosec's cybersecurity capabilities impact Persistent Systems' competitive positioning in the digital transformation market?

What cost synergies and operational efficiencies is Persistent Systems expecting to achieve from this subsidiary absorption?

Will this merger trigger similar consolidation moves for other wholly owned subsidiaries within Persistent Systems' portfolio?

Persistent Systems schedules investor session with Mirabilis Investment Trust for April 27, 2026

1 min read     Updated on 23 Apr 2026, 01:24 AM
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AI Summary

Persistent Systems Limited has scheduled a one-on-one investor session with Mirabilis Investment Trust on April 27, 2026, at 12:00 PM IST in physical mode. The meeting follows the company's Q4FY26 earnings call held on April 21, 2026, and will reiterate previously disclosed information without sharing any unpublished price-sensitive details. The company has filed the necessary regulatory intimation under SEBI Regulation 30 with both NSE and BSE.

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Persistent Systems Limited has announced a scheduled investor interaction session with Mirabilis Investment Trust, demonstrating the company's continued engagement with institutional investors following its recent quarterly results.

Meeting Details

The one-on-one investor session is scheduled for Monday, April 27, 2026, and will be conducted in physical mode. Key details of the meeting include:

Parameter: Details
Date: April 27, 2026
Time: 12:00 PM (IST)
Mode: Physical
Participant: Mirabilis Investment Trust
Format: One-on-one session

Regulatory Compliance

The company has filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures transparency and keeps all stakeholders informed about the company's investor engagement activities.

Persistent Systems has explicitly stated that no unpublished price-sensitive information will be shared during this investor meeting. The session will focus on reiterating information that was already communicated during the company's earnings call held on Tuesday, April 21, 2026.

Earnings Call Reference

The investor session follows the company's recent earnings call conducted for the quarter and year ended March 31, 2026. The company has made available its investor presentation and factsheet from the Q4FY26 earnings call, which will serve as the basis for discussions during the upcoming meeting.

Corporate Communication

The formal intimation was signed by Amit Atre, Company Secretary, who holds ICSI Membership No. ACS 20507. The communication was digitally signed on April 22, 2026, and sent to both the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements on both exchanges.

Historical Stock Returns for Persistent Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-6.28%-13.69%+0.48%-18.65%-8.06%+406.38%

Will Mirabilis Investment Trust's feedback influence Persistent Systems' strategic direction for FY27?

How might this institutional engagement affect Persistent Systems' stock performance in the coming weeks?

Could this meeting signal potential changes in Mirabilis Investment Trust's stake in Persistent Systems?

More News on Persistent Systems

1 Year Returns:-8.06%