Persistent Systems Limited has formally notified the stock exchanges about its upcoming Board of Directors meeting scheduled for April 21, 2026. The meeting will be held at the company's registered office to deliberate on critical financial matters for the quarter and year ended March 31, 2026.

Board Meeting Agenda

The board meeting will address several key business items as outlined in the company's communication to NSE and BSE. The directors will review comprehensive financial performance data and make important decisions regarding shareholder returns.

Trading Window and Compliance

In compliance with SEBI regulations, Persistent Systems has implemented a trading window closure to prevent insider trading during the financial results announcement period. The company has provided clear timelines for market participants and stakeholders.

Investor and Analyst Call Details

Persistent Systems will conduct an investor and analyst call on April 21, 2026, at 7:30 PM IST following the board meeting. The call will be led by Mr. Sandeep Kalra, Executive Director & CEO, along with senior management to discuss the company's performance for Q4FY26 and business outlook.

Dividend and Record Date

The board will deliberate on the final dividend recommendation for the financial year 2025-26. Should the directors approve a dividend distribution, the company will determine the book closure and record date subsequently. This information will be communicated to the stock exchanges through a separate notification following the board's decision.

The notification, signed by Company Secretary Amit Atre, represents the company's commitment to maintaining transparency and regulatory compliance in its corporate communications and financial reporting processes. The company's financial results will be available on the Investors section of Persistent Systems' official website following the board meeting.

Persistent Systems Limited has announced the execution of a Share Purchase Agreement (SPA) for the transfer of 100% shareholding of its German subsidiary as part of internal group restructuring. The transaction was signed and executed on March 31, 2026, involving the transfer of Persistent Systems Germany GmbH from the parent company to Aepona Group Limited, Ireland.

Transaction Structure and Consideration

The share transfer is structured as a share swap transaction rather than a cash deal. The key financial parameters of the transaction are outlined below:

Under the share swap arrangement, equivalent equity shares of Aepona Group Limited will be allotted to Persistent Systems Limited in lieu of cash payment for the purchase price, as per the terms specified in the SPA.

Target Entity Profile

Persistent Systems Germany GmbH, incorporated in November 2016, operates in the Information Technology Enabled Services (ITES) sector, focusing on software development and allied activities. The subsidiary's current financial profile shows:

Historical Performance

The German subsidiary's revenue performance over the last three years demonstrates growth trajectory:

Restructuring Objectives

The internal restructuring aims to achieve specific operational and organizational benefits:

• Entity Rationalization: Streamlining the corporate structure within the group through the transfer of 100% shareholding from Persistent Systems Limited to Aepona Group Limited, Ireland
• Operational Efficiency: Optimizing group operations through strategic realignment of subsidiary ownership
• Structural Optimization: Post-restructuring, Persistent Systems Germany GmbH will become a wholly owned subsidiary of Aepona Group Limited, Ireland, while remaining a step-down subsidiary of Persistent Systems Limited

Regulatory and Compliance Aspects

The transaction has been structured in compliance with regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that no governmental or regulatory approvals are required for this internal restructuring. The promoter and promoter group have no specific interest or benefit from this proposed restructuring, as disclosed in the regulatory filing.

Impact Assessment

The restructuring involves the complete transfer of 100% shareholding of Persistent Systems Germany GmbH from the parent company to Aepona Group Limited, Ireland. This internal reorganization is designed to enhance operational efficiency while maintaining the subsidiary's position within the broader Persistent Systems group structure through the step-down subsidiary arrangement.