Persistent Systems Limited’s Board has approved the merger of its wholly-owned subsidiary, MediaAgility India Private Limited, into itself as part of an internal restructuring aimed at entity rationalisation and operational efficiency. The decision was taken during a Board meeting held on June 8, 2026. The merger is subject to the receipt of necessary statutory approvals in accordance with the provisions of the Companies Act, 2013.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Circulars. MediaAgility India Private Limited operates in the ITES sector. The Board confirmed that the transaction does not fall within related party transactions, as the subsidiary is wholly owned by the company, and provisions under Section 188 of the Companies Act, 2013, will not apply.

Merger Details

The move is intended to streamline operations within the group. The merger involves the absorption of the transferor company into the holding company.

Persistent Systems reiterated its financial results for the quarter and year ended March 31, 2026, during a series of investor and analyst sessions held in early June 2026. The company interacted with institutional investors, including Balyasny Asset Management, Creagis Investment Management, and Coatue Management LLC, via virtual and in-person modes. These sessions adhered to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring no unpublished price-sensitive information was disclosed beyond the earnings call on April 21, 2026.

The sessions with Balyasny Asset Management occurred on June 5, 2026, followed by interactions with Creagis Investment Management and Coatue Management LLC on June 9, 2026. The company also met with FSSA Investment Managers on June 10, 2026. All meetings focused on reviewing the performance for Q4FY26 and the full fiscal year, utilizing the investor presentation and fact sheet already available to the public.

Amit Murari Atre, Company Secretary, signed the regulatory intimations submitted to the National Stock Exchange of India Limited and BSE Limited. The reference numbers for the filings include NSE & BSE / 2026-27 / 047 for the June 5 session and NSE & BSE / 2026-27 / 046 for the subsequent sessions.

The company confirmed that the investor presentation for Q4FY26 remains accessible via the provided web-link. The interactions were part of routine engagement to update stakeholders on financial performance without revealing any material non-public information.