Persistent Systems Limited completed a non-deal roadshow on Wednesday, August 5, 2026, engaging with six prominent mutual fund asset management companies in separate one-on-one sessions. The exercise was conducted to provide investors with an update on the company’s performance and outlook, strictly reiterating the financial results and strategic commentary shared during the earnings call for the quarter ended June 30, 2026, which took place on Monday, August 3, 2026.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and its amendments. Persistent Systems Limited explicitly stated that no additional or unpublished price-sensitive information was shared during these interactions beyond what was already available in the public domain via the analyst presentation and fact sheet released for Q1 FY27.

The roadshow involved meetings with key domestic fund managers over the course of the day, starting at 11:30 AM IST and concluding at 4:30 PM IST. Each session lasted approximately one hour, allowing for detailed discussions on the company’s recent quarterly performance.

Investor Engagement Details

The following mutual fund houses participated in the non-deal roadshow:

Amit Atre, Company Secretary of Persistent Systems Limited (ICSI Membership No.: ACS 20507), signed the intimation letter submitted to both the National Stock Exchange of India Limited and BSE Limited on August 5, 2026. The filing references the earlier intimation sent under Ref. No. NSE & BSE / 2026-27 / 092 dated July 30, 2026, regarding the scheduled roadshow.

Persistent Systems shareholders formally approved the proposed Voluntary Public Takeover Offer for Nagarro SE through its wholly owned subsidiary, Galaxy Germany Holding SE, during the company’s 36th Annual General Meeting (AGM) held on August 3, 2026. The resolution passed with 99.99% support from public non-institutional investors and unanimous backing from promoters, reflecting strong conviction in the strategic combination aimed at creating a scaled, globally diversified AI-led digital engineering powerhouse. Alongside the acquisition approval, shareholders endorsed related financing arrangements, including corporate guarantees and the creation of charges by Persistent Systems on behalf of the subsidiary, which will facilitate the transaction under German law.

The AGM, conducted in hybrid mode from the Dewang Mehta Auditorium in Pune, addressed routine business items and governance matters. Shareholders adopted the Audited Standalone and Consolidated Financial Statements for FY26. The Board of Directors recommended a Final Dividend of ₹18 per equity share of ₹5 each, confirming the earlier Interim Dividend of ₹22 per equity share, aggregating to a total dividend payout of ₹40 per equity share for FY26. Dr. Anand Deshpande, Chairman and Managing Director, was reappointed after retiring by rotation, securing 99.61% support.

Four independent directors were reappointed for second terms, with all special resolutions passing with requisite majorities as confirmed by scrutiniser SVD & Associates on August 4, 2026:

The voting process included remote e-voting through National Securities Depository Limited (NSDL) from July 29, 2026, to August 2, 2026, with a cut-off date for voting rights on July 27, 2026. Sandeep Kalra, Chief Executive Officer and Executive Director, stated that the complementary strengths of Persistent and Nagarro make the strategic case clear, aiming to build one of the world's leading AI-led digital engineering companies.

Regulatory Compliance and Next Steps

The proceedings were conducted pursuant to Regulation 30 read with Schedule III (Part A)(13) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Voting results for Resolution No. 11 (creation of charge/pledge) and Resolution No. 12 (material related party transactions) were considered under Regulation 37A and Regulation 23 of the Listing Regulations, respectively.

The formal Offer Document, detailing the cash offer terms, will be published following approval by the German Federal Financial Supervisory Authority (Bafin). The offer will be implemented exclusively under German law, specifically the German Securities Acquisition and Takeover Act (WpÜG), and certain US securities laws. Nagarro shareholders are advised to visit www.galaxy-offer.com for further information once the document is available.

What the Numbers Show

The near-unanimous approval (99.99%) signals robust shareholder confidence in Persistent Systems' inorganic growth strategy. By utilizing Galaxy Germany Holding SE as the acquisition vehicle, the company structures its international expansion through dedicated subsidiaries, likely optimizing regulatory compliance and financial risk management in European markets. The simultaneous approval of corporate guarantees indicates the acquisition may be leveraged, requiring monitoring of debt levels and cash flow implications in future filings.