Persistent Systems has informed that the Special Committee of Board of Directors at its meeting held on Friday, October 16, 2026, commenced at 1002 Hrs (IST) and concluded at 1020 Hrs. (IST), has inter-alia considered and approved the terms of issuance of Non-Convertible Debentures and Commercial Paper as a part of long term debt financing in relation to the acquisition of Nagarro SE. The requisite disclosures under 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 SEBI Circulars’) are as follows: In terms of recommendation of the Board of Directors dated September 2, 2026, subsequent to the approval of the Members of the Company sought in the Extraordinary General Meeting held on October 5, 2026, and pursuant to the authority delegated by the Board of Directors vide its resolution dated October 15, 2026, approving the re-constitution of the Special Committee of Directors and its terms of reference, the Special Committee of the Board of Directors approved the terms of issuance of Non-Convertible Debentures (NCDs) amounting up to INR 8,000 Crores (INR Eight Thousand Crores only) in accordance with the applicable laws as per details enclosed.
The above information is a part of company’s filings submitted to BSE.
