BSECompany Update5d ago · 9 Oct 2026, 05:42 pm

An update on Voluntary Public Takeover Offer made by the Company to the shareholders of Nagarro SE dated October 9, 2026, is as enclosed.

Persistent Systems Ltd · 533179

✦ AI SummaryM&A

Persistent Systems Ltd has secured 1,335,114 shares, representing approximately 10.79% of Nagarro SE's outstanding share capital, during the additional acceptance period of the Voluntary Public Takeover Offer. The company already secured approximately 61.15% of Nagarro's outstanding share capital during the acceptance period and approximately 22.10% under a share purchase agreement. The Offer remains subject to the fulfilment of certain outstanding offer conditions.

Analysis Scores

Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact6/10
Market Sentiment5/10

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Persistent Systems Ltd - 533179 - Update On Voluntary Public Takeover Offer Made By Persistent Systems Limited To The Shareholders Of Nagarro SE

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NSE & BSE / 2026-27 / 153 October 9, 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.: Update on Voluntary Public Takeover Offer made by Persistent Systems Limited to the shareholders of Nagarro SE Ref. Our earlier intimations bearing reference nos. (i) NSE & BSE / 2026-27 / 105 dated August 6, 2026, (ii) NSE & BSE / 2026-27 / 123 dated September 18, 2026, and (iii) NSE & BSE / 2026-27 / 129 dated September 22, 2026 In continuation of the above-referred intimations, we wish to inform you that Persistent Systems Limited (the ‘Company’) secured 1,335,114 shares, representing approximately 10.79% of Nagarro SE’s (‘Nagarro’) outstanding share capital (i.e., excluding treasury shares) during the additional acceptance period of the Voluntary Public Takeover Offer (the ‘Offer’) from September 23, 2026, to October 6, 2026. The Company already secured approximately 61.15% of Nagarro’s outstanding share capital during the acceptance period of the Offer from August 6, 2026, to September 17, 2026, as well as approximately 22.10% of Nagarro’s outstanding share capital under a share purchase agreement with Lantano Beteiligungen GmbH. As a result, the Company secured an aggregate shareholding of approximately 94.04% (excluding treasury shares) as at the end of the additional acceptance period, i.e., as of October 6, 2026. The Offer remains subject to the fulfilment of certain outstanding offer conditions specified in the offer document. Consequently, settlement of the Offer in respect of the Nagarro shares tendered during the acceptance period and the additional acceptance period will be undertaken when these outstanding offer conditions are fulfilled. Thanking you, Yours sincerely, For Persistent Systems Limited Amit Atre Company Secretary ICSI Membership No.: ACS 20507 Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696 T el: +91 (20) 6703 5555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com