Persistent Systems will announce its financial results for the second quarter of FY27 ended September 30, 2026, on Thursday, October 15, 2026. The company has scheduled an investor and analyst call for the same day to discuss performance and business outlook.

The conference call will commence at 5:00 pm IST. Sandeep Kalra, Executive Director and CEO, along with senior management, will address questions regarding the company's operational metrics and strategic direction for the period ending September 30, 2026.

Call participation details

Investors and analysts can join the session via video conference or dial-in numbers provided below. Participants are advised to register 10 minutes prior to the start time to ensure connectivity.

The results will be published on the Investors section of the company website following the announcement. This filing follows SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30 read with Schedule III.

Persistent Systems Limited shareholders have approved a borrowing limit of $1,250 million and the issuance of securities up to $450 million. The resolutions were passed with overwhelming majority support during the Extraordinary General Meeting held on October 5, 2026.

The scrutiniser’s report, submitted on October 6, 2026, confirmed that all special business items received the requisite majority. This includes the alteration of the Articles of Association and the creation of charges related to the new debt financing. The meeting saw participation from 70 shareholders in person or via proxy, and 44 public shareholders through video conferencing.

Voting results breakdown

The voting process involved remote e-voting, e-voting during the meeting, and physical ballot papers. The results for the key financial resolutions are detailed below:

The high percentage of votes in favour indicates strong shareholder alignment with the company's capital structure adjustments. The resolution to increase the overall borrowing limit saw the highest number of dissenting votes (1,237,796), though this still represented less than 1% of the total valid votes cast. Notably, institutional investors voted unanimously in favour of the AoA alteration and securities issuance, while dissent was primarily observed in the non-institutional public category for the borrowing and charge creation resolutions.

Key agenda items approved

The EGM addressed four primary special business items alongside the alteration of the Articles of Association (AoA). The specific proposals included:

• Alteration of the Articles of Association of the company.
• Increase in the overall borrowing limit to an aggregate amount up to $1,250 million.
• Approval for the creation of a charge, pledge, hypothecation, or mortgage in relation to the above debt financing.
• Issuance of securities for an aggregate amount up to $450 million.

Voting process and timeline

The meeting commenced at 4:00 pm and concluded at 5:13 pm. To facilitate member participation, Persistent Systems offered three voting options:

1. Remote e-voting via the National Securities Depository Limited (NSDL) platform from September 28, 2026, to October 4, 2026.
2. Physical ballot paper voting at the venue.
3. E-voting at the time of the EGM until 5:13 pm.

The meeting was held in-person at the Dewang Mehta Auditorium in Pune and through Video Conferencing/Other Audio-Visual Means. The scrutiniser, M/s SVD & Associates, submitted the consolidated report on October 6, 2026. A total of 259,566 shareholders were on record as of September 25, 2026.

What the numbers show

The proposed financial instruments indicate a substantial expansion in the company's balance sheet capacity. The combined potential capital raise through debt ($1,250 million) and equity-linked securities ($450 million) totals $1,700 million. This aggregate figure highlights a strategic intent to bolster liquidity or fund large-scale operations, with the debt component representing approximately 73% of the total authorized raise capacity. The simultaneous request to alter the Articles of Association suggests these financial moves require structural governance updates to accommodate the new borrowing and issuance frameworks.