Persistent Systems Limited has fixed Monday, July 27, 2026, as the record date to determine the eligibility of members for the final dividend and participation in the 36th Annual General Meeting (AGM). The Board of Directors has recommended a final dividend of INR 18 per equity share of face value INR 5 each for the financial year 2025-26, subject to shareholder approval at the AGM scheduled for Monday, August 3, 2026. If approved, the dividend will be paid within 30 days of the declaration at the meeting.

Dividend Details for FY 2025-26

The total dividend for the financial year aggregates to INR 40 per share, combining the interim dividend of INR 22 per share paid in January 2026 and the recommended final dividend of INR 18 per share. This represents an increase from the total dividend of INR 35 per share distributed in the previous financial year.

AGM and Corporate Action Schedule

The 36th Annual General Meeting will be conducted in hybrid mode on August 3, 2026, at 1600 Hrs. IST. Shareholders can participate in person at the Dewang Mehta Auditorium in Pune or via video conferencing. Remote e-voting facilities will be available from July 29, 2026, to August 2, 2026. The company has submitted the intimation of the record date to the exchanges in compliance with Regulation 42 of the SEBI (LODR) Regulations, 2015.

Persistent Systems has scheduled its 36th Annual General Meeting (AGM) for August 3, 2026, to seek shareholder approval for the acquisition of Nagarro SE. The company proposes to acquire 100% of the German-listed entity for an enterprise value of €1.27 billion through its wholly owned subsidiary, Galaxy Germany Holding SE. The transaction, which includes a voluntary public takeover offer at €81.00 per share, is expected to close in Q4 of Calendar Year 2026 or early Q1 of Calendar Year 2027, subject to regulatory approvals.

AGM Agenda

The AGM will be held in hybrid mode at the Dewang Mehta Auditorium in Pune. Shareholders will vote on 12 resolutions, including the adoption of audited financial statements for FY 2025-26 and the confirmation of an interim dividend of ₹22 per share alongside a final dividend of ₹18 per share, aggregating to ₹40 per share. The record date for determining eligibility for the final dividend is July 27, 2026.

Board and Governance

The meeting will consider the reappointment of four Independent Directors: Ms. Avani Davda, Mr. Arvind Goel, Dr. Ambuj Goyal, and Mr. Dan’l Lewin. Additionally, Dr. Anand Deshpande, Chairman and Managing Director, who retires by rotation, offers himself for reappointment.

Transaction and Financing

The acquisition will be funded through a committed bridge financing facility of €1.4 billion from Barclays, with an interest rate ranging from 4.1% to 4.8%. The company seeks approval to provide a corporate guarantee of up to €1.54 billion and create charges on assets to secure the facility. The leverage ratio is projected to be between 1.9x and 2.5x net debt to combined EBITDA, reducing to 1x by FY2030.

Strategic Rationale

The combined entity is expected to generate a revenue run-rate of approximately $2.9 billion and employ over 46,000 professionals across 40+ countries. Management emphasized that the deal is anticipated to be cash EPS accretive in the first year, excluding transaction expenses. The strategic move aims to expand Persistent Systems' footprint in Europe and diversify its verticals, leveraging Nagarro's strengths in ERP and customer experience.