EGM outcome: borrowing limit, charge creation and securities issuance resolutions put to vote

Persistent Systems held its EGM on Monday, October 5, 2026, 04:00 P.M. to 05:13 P.M. IST.

Mon 5 Oct 2026

EGM Date

Monday, October 5, 2026, 04:00 P.M. to 05:13 P.M. IST

Borrowing Limit Increase

up to USD 1,250 million

Securities Issuance

up to USD 450 Million

Scrutiniser Report Due

on or before October 7, 2026

Resolutions Voted

Four special businesses: Articles alteration, borrowing limit, charge creation, securities issuance

An Extraordinary General Meeting was held on Monday, October 5, 2026, at the Dewang Mehta Auditorium, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, in person and through Video Conferencing or other Audio-Visual Means.

Timings and voting options

• The meeting commenced at 04:00 P.M. IST and concluded at 05:13 P.M. IST, including the time allowed for e-voting at the EGM.
• Remote e-voting through the NSDL platform ran from Monday, September 25, 2026, 09:00 A.M. IST to Sunday, October 4, 2026, 05:00 P.M. IST.
• Members could also vote through physical ballot paper at the EGM.
• E-voting at the time of the EGM was open till 05:13 P.M. IST.

What members voted on

• Alteration of the Articles of Association of the Company.
• Increase in the overall borrowing limit of the Company for an aggregate amount up to USD 1,250 million.
• Creation of a charge, pledge, hypothecation, and/or mortgage by the Company in relation to that debt financing.
• Issuance of securities for an aggregate amount up to USD 450 Million.

What happens next

• The scrutiniser will submit the consolidated report on the remote e-voting, venue e-voting at the EGM and voting through ballot paper to the Company on or before Wednesday, October 7, 2026.
• Once received, the report along with the voting results will be submitted to the stock exchanges.
• Subject to receipt of the requisite number of votes, the resolutions are deemed to have been passed on the date of the meeting, Monday, October 5, 2026.

Reading the resolutions

The first item covers a change to the Company's Articles of Association. The second sets an outer limit for the Company's overall borrowings, for an aggregate amount up to USD 1,250 million. The third allows the Company to create security over its assets — a charge, pledge, hypothecation and/or mortgage — in relation to that debt financing. The fourth covers issuance of securities for an aggregate amount up to USD 450 Million.

The voting outcome itself is captured in the scrutiniser's consolidated report, which will be shared with the exchanges together with the voting results.

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