Outcome of Board Meeting

NSE & BSE / 2026-27 / 118 September 2, 2026 The Manager The Manager Corporate Services Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (E), Mumbai 400 051 Mumbai 400 001 Ref: Symbol: PERSISTENT Ref: Scrip Code: 533179 Dear Sir/Madam, Sub: Outcome of the Board Meeting held on September 2, 2026 Ref.: Our earlier Intimation under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 bearing Ref. No. NSE & BSE / 2026-27 / 115 dated August 30, 2026 In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors at its meeting held on Wednesday, September 2, 2026, commenced at 1945 Hrs. (IST) and concluded at 2158 Hrs. (IST), has inter-alia considered and approved the following proposals: a. Alteration of the Articles of Association of the Company by amending the Article 12 in relation to ‘Further Issue of Shares’, subject to the approval of Members of the Company and such regulatory/statutory approvals as may be required; and b. Long term Debt Financing including but not limited to External Commercial Borrowing (ECB), Non- Convertible Debentures (NCDs), and other similar instruments or any combination thereof in accordance with the applicable laws, for an aggregate amount not exceeding USD 1,250 million (USD One Billion Two Hundred and Fifty Million only), in one or more tranches, subject to the approval of Members of the Company and such regulatory/statutory approvals as may be required; and c. Fund raising of an amount not exceeding USD 450 million (USD Four Hundred and Fifty Million) may be considered for issuance through securities or eligible instruments including equity shares, debt securities convertible into equities, or any other securities convertible into equity shares or a combination of such securities; through Foreign Currency Convertible Bonds (FCCB), Preferential Issue, Qualified Institutional Placement (QIP), or any other permissible mode or any combination thereof in accordance with the applicable laws, in one or more tranches, subject to the approval of Members of the Company and such regulatory/statutory approvals as may be required; and d. The combination of the financing options mentioned in Items No. (b) and (c) above, will not exceed USD 1,250 million (USD One Billion Two Hundred and Fifty Million only). Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696 Tel: +91 (20) 670 35555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com Page 1 of 6 The requisite disclosure 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’) is as follows: Sr. No Particulars Details 1. Type of security proposed to be Any eligible instrument(s) or securities, equity shares, debt issued securities, non-convertible securities, or any other securities convertible into equity shares or a combination of such securities; or any combination thereof, in accordance with applicable law, in one or more tranches 2. Type of issuance a. Availing of the long-term Debt Financing through External Commercial Borrowing (ECB), issuance of Non- Convertible Debentures (NCDs), or other similar instruments or any combination thereof in accordance with the applicable laws; and/or b. Issuance of securities through Foreign Currency Convertible Bonds (FCCB), Preferential Issue, Qualified Institutional Placement (QIP), or any other permissible mode or any combination thereof in accordance with the applicable laws, subject to the approval of Members of the Company and such regulatory/statutory approvals as may be required 3. Total number of securities a. The Board has approved the proposal of long-term Debt proposed to be issued Financing including but not limited to availing of External Commercial Borrowing (ECB) or issuance of Non- Convertible Debentures (NCDs), and other similar instruments or any combination thereof in accordance with the applicable laws, up to an aggregate amount not exceeding USD 1,250 million or an equivalent Indian rupee / foreign currency amount thereof at the conversion rate on the date of its issue (inclusive of such premium as may be fixed, if any) in one or more tranches, at such pricing as may be permissible under applicable law, subject to the approval of Members of the Company and such regulatory/statutory approvals as may be required) b. Fund raising of an amount not exceeding USD 450 million (USD Four Hundred and Fifty Million) may be considered for issuance through securities or eligible instruments including equity shares, debt securities convertible into equities, or any other securities convertible into equity shares or a combination of such securities; through Foreign Currency Convertible Bonds (FCCB), Preferential Issue, Qualified Institutional Placement (QIP), or any other permissible mode or any combination thereof in accordance with the applicable laws, in one or Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696 Tel: +91 (20) 670 35555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com Page 2 of 6 Sr. No Particulars Details more tranches, subject to the approval of Members of the Company and such regulatory/statutory approvals as may be required. c. The combination of the financing options mentioned in Items No. (a) and (b) above, will not exceed USD 1,250 million (USD One Billion Two Hundred and Fifty Million only). 4. In case of preferential issue the To be decided by the Committee of Executive Directors listed entity shall disclose the subject to the receipt of necessary approvals following additional details to the stock exchange(s): i. names of the investors; ii. post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors; iii. in case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument. 5. In case of bonus issue the listed Not Applicable entity shall disclose the following additional details to the stock exchange(s): i. whether bonus is out of free reserves created out of profits or share premium account; ii. bonus ratio; iii. details of share capital -pre and post bonus issue; iv. free reserves and/ or share premium required for implementing the bonus issue; v. free reserves and/ or share premium available for capitalization and the date as on which such balance is available; Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696 Tel: +91 (20) 670 35555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com Page 3 of 6 Sr. No Particulars Details vi. whether the aforesaid figures are audited; vii. estimated date by which such bonus shares would be credited/dispatched. 6. in case of issuance of depository Issuance of depository receipts (ADR / GDR): Not Applicable receipts (ADR / GDR) or FCCB the listed entity shall disclose following additional details to the FCCB: To be decided by the Committee of Executive stock exchange(s): Directors subject to the receipt of necessary approvals i. name of the stock exchange(s) where ADR / GDR / FCCBs are listed (opening-closing status) / proposed to be listed; ii. proposed no. of equity shares underlying the ADR / GDR or on conversion of FCCBs; iii. proposed date of allotment, tenure, date of maturity and coupon offered, if any of FCCBs; iv. issue price of ADR / GDR / FCCBs (in t [Showing first 8,000 characters — download PDF for full document]