Persistent Systems has approved a capital raise of up to USD 1,250 million through debt and equity instruments. The Board of Directors sanctioned the proposal during its meeting on September 2, 2026, marking a significant expansion of the company's financing options.

The approval allows the firm to utilize multiple channels for capital acquisition. The total amount can be raised in one or more tranches, subject to shareholder and regulatory approvals. This move follows the earlier intimation under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financing Structure

The Board authorized two primary avenues for the fundraising:

• Debt Financing: Up to USD 1,250 million through External Commercial Borrowings (ECBs), Non-Convertible Debentures (NCDs), or similar instruments.
• Equity/Convertible Instruments: Up to USD 450 million through Foreign Currency Convertible Bonds (FCCBs), Preferential Issues, Qualified Institutional Placements (QIPs), or other convertible securities.

The combination of these options will not exceed the aggregate cap of USD 1,250 million. The specific mix of instruments and tranche sizes will be determined by the Committee of Executive Directors based on market conditions and regulatory requirements.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, the company disclosed the outcome of the meeting.

The Board also approved the alteration of Article 12 of the Articles of Association concerning further issue of shares. An Extra-Ordinary General Meeting will be convened to seek member approval for these proposals.

Trading Window Closure

The trading window remains closed for promoters, promoter group members, Board of Directors, Key Managerial Personnel, Designated Persons, and Connected Persons. The restriction is effective from August 30, 2026, until further notice, as per the Company's Code of Conduct for Prevention of Insider Trading.

Amit Atre, Company Secretary, confirmed the intimation.

Persistent Systems has been assigned an ESG rating of 77 by Crisil ESG Ratings & Analytics Limited, placing the company in the Leadership category. The assessment was issued on September 1, 2026.

The agency also assigned a Core ESG rating of 84 to the IT services firm. This voluntary evaluation is based on the company's disclosures for FY25-26 and other publicly available information.

Rating Details

Crisil ESG Ratings & Analytics Limited, a wholly owned subsidiary of Crisil Ratings Limited and registered with SEBI as a Category-I ESG Rating Provider, conducted the assessment. The ratings reflect the company's performance against environmental, social, and governance criteria.

The company notified the National Stock Exchange of India Limited and BSE Limited via email dated August 31, 2026. Amit Murari Atre, Company Secretary, signed the communication.