Persistent Systems shareholders approved the acquisition of Nagarro SE through its wholly owned subsidiary, Galaxy Germany Holding SE, at the company’s 36th Annual General Meeting (AGM) held on August 3, 2026. The resolution to acquire Nagarro SE was passed alongside approvals for the creation of security and corporate guarantees provided by Persistent Systems on behalf of the subsidiary. This strategic move marks a significant expansion step for the technology services firm, consolidating its international footprint through the designated BidCo structure.

The AGM, conducted in-person and via Video Conferencing/Other Audio-Visual Means from the Dewang Mehta Auditorium in Pune, also addressed routine business items. Shareholders received, considered, and adopted the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026. 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.

In addition to the acquisition, the meeting focused on board composition. Dr. Anand Deshpande, Chairman and Managing Director, who retires by rotation, offered himself for reappointment and was eligible for the position. The shareholders also voted on special resolutions concerning the reappointment of four independent directors for second terms, ensuring continuity in governance oversight.

The following independent directors were reappointed for specified terms:

The voting process for the AGM included remote e-voting through National Securities Depository Limited (NSDL) from July 29, 2026, to August 2, 2026, as well as physical ballot paper voting and e-voting during the meeting. The Scrutiniser is required to submit the consolidated report on all voting modes by August 5, 2026.

Regulatory Compliance and Disclosures

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. Upon receipt of the Scrutiniser’s report, the Company will submit the voting results to the National Stock Exchange of India Limited and BSE Limited in accordance with Regulation 44 of the SEBI LODR Regulations, 2015. Subject to the requisite number of votes, all resolutions are deemed passed on the date of the meeting, August 3, 2026.

What the Numbers Show

The approval of the Nagarro SE acquisition signals a shift towards aggressive inorganic growth strategies for Persistent Systems. By utilizing Galaxy Germany Holding SE as the acquisition vehicle, the company structures its international expansions through dedicated subsidiaries, likely to optimize regulatory compliance and financial risk management in European markets. The simultaneous approval of corporate guarantees and charges indicates that the acquisition may be leveraged, requiring careful monitoring of debt levels and cash flow implications in future quarterly filings.

Persistent Systems will conduct a non-deal roadshow on August 4 and 5, 2026, to engage directly with institutional investors. The company disclosed the schedule pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the National Stock Exchange of India Limited and BSE Limited of the upcoming interactions. These sessions aim to maintain transparency with the investment community following the release of its quarterly results.

The roadshow involves a series of one-on-one meetings and one group session with various financial institutions. Persistent Systems emphasized that no unpublished price-sensitive information will be shared during these interactions. Instead, management will reiterate the details presented during its investor and analyst call held on Monday, August 3, 2026, which covered the quarter ended June 30, 2026.

The schedule for the first day of the roadshow is as follows:

The second day of engagements continues on Wednesday, August 5, 2026:

Amit Atre, Company Secretary of Persistent Systems Limited, signed the disclosure filed on July 30, 2026. The company confirmed that all interactions are strictly confined to publicly available information to ensure fair disclosure across all market participants.