Persistent Systems has submitted the newspaper advertisement for its 36th Annual General Meeting (AGM) to the stock exchanges, confirming the publication of the notice on July 11, 2026. The advertisement, titled 'Notice of the 36th Annual General Meeting, Book Closure and Remote E-Voting Information', was published in the Financial Express (English, All editions) and Loksatta (Marathi, Pune edition). This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

AGM Agenda

The AGM is scheduled to seek shareholder approval for the acquisition of Nagarro SE. Persistent Systems proposes to acquire 100% of the German-listed entity for an enterprise value of €1.27 billion through its wholly owned subsidiary, Galaxy Germany Holding SE. The transaction includes a voluntary public takeover offer at €81.00 per share and is expected to close in Q4 of Calendar Year 2026 or early Q1 of Calendar Year 2027, subject to regulatory approvals.

Financials and Dividends

Shareholders will vote on the adoption of audited financial statements for FY 2025-26. The company has also proposed an interim dividend of ₹22 per share and a final dividend of ₹18 per share, aggregating to ₹40 per share. The record date for determining eligibility for the final dividend is July 27, 2026.

Transaction and Financing

The acquisition will be funded through a committed bridge financing facility of €1.4 billion from Barclays, with an interest rate ranging from 4.1% to 4.8%. The company seeks approval to provide a corporate guarantee of up to €1.54 billion and create charges on assets to secure the facility. The leverage ratio is projected to be between 1.9x and 2.5x net debt to combined EBITDA, reducing to 1x by FY2030.

Strategic Rationale

The combined entity is expected to generate a revenue run-rate of approximately $2.9 billion and employ over 46,000 professionals across 40+ countries. Management emphasized that the deal is anticipated to be cash EPS accretive in the first year, excluding transaction expenses. The strategic move aims to expand Persistent Systems' footprint in Europe and diversify its verticals, leveraging Nagarro's strengths in ERP and customer experience.

Persistent Systems Limited has fixed Monday, July 27, 2026, as the record date to determine the eligibility of members for the final dividend and participation in the 36th Annual General Meeting (AGM). The Board of Directors has recommended a final dividend of ₹18 per equity share of face value ₹5 each for the financial year 2025-26, subject to shareholder approval at the AGM scheduled for Monday, August 3, 2026. If approved, the dividend will be paid within 30 days of the declaration at the meeting.

Dividend Details for FY 2025-26

The total dividend for the financial year aggregates to ₹40 per share, combining the interim dividend of ₹22 per share paid in January 2026 and the recommended final dividend of ₹18 per share. This represents an increase from the total dividend of ₹35 per share distributed in the previous financial year.

AGM and Corporate Action Schedule

The 36th Annual General Meeting will be conducted in hybrid mode on August 3, 2026, at 1600 Hrs. IST. Shareholders can participate in person at the Dewang Mehta Auditorium in Pune or via video conferencing. Remote e-voting facilities will be available from July 29, 2026, to August 2, 2026. The company has submitted the intimation of the record date to the exchanges in compliance with Regulation 42 of the SEBI (LODR) Regulations, 2015. The company also submitted copies of newspaper advertisements published on July 11, 2026, in the Financial Express and Loksatta to inform shareholders about the AGM.