Persistent Systems Ltd (PERSISTENT) — Announcement | 28 September 2026

Persistent Systems announced the outcome of investor meetings held on September 28, 2026, reiterating information from its September 19 investor presentation and confirming no unpublished price-sensitive information was shared. The company presented its AI-led growth strategy, financial metrics including ₹X crores revenue and Y% EBIT margin, and details of its proposed acquisition of Nagarro at €81 per share (Enterprise Value €1.27B), representing a ~140% premium to the undisturbed price. The transaction, valued at 9.19X EV/EBITDA, aims to scale globally with expanded capabilities and geographic reach. Persistent emphasized sustained growth, outperformance versus Indian IT peers, and disciplined capital allocation to drive long-term shareholder value.