The outcome of the Special Committee meeting held on October 16, 2026, is as enclosed.

NSE & BSE / 2026-27 / 164 October 16, 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 Special Committee Meeting held on October 16, 2026 Ref.: (1) Our earlier letter titled ‘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 (2) Our earlier letter titled ‘Outcome of the Board Meeting held on September 2, 2026’ under bearing Ref. No. NSE & BSE / 2026-27 / 118 dated September 2, 2026 (3) Our earlier letter titled ‘Proceedings of the Extraordinary General Meeting held on Monday, October 5, 2026’ bearing Ref. No. NSE & BSE / 2026-27 / 146 dated October 5, 2026 (4) Our earlier letter titled ‘Submission of the Scrutiniser’s Report for the Extraordinary General Meeting (‘EGM’) held on Monday, October 5, 2026’ bearing Ref. No. NSE & BSE / 2026-27 / 147 dated October 6, 2026 In continuation of the above referred intimations read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you 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: 1. 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 mentioned below: 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 5 Sr. No Particulars Details 1. Type of security proposed to be issued Non-convertible Debentures (NCD) 2. Type of issuance Private placement 3. Total number of securities proposed to Up to 8,00,000 NCDs be issued 4. In case of issuance of debt securities or (i) Up to INR 8,000 Crore other non-convertible securities the (ii) To be listed on National Stock Exchange of listed entity shall disclose following India Limited additional details to the stock (iii) As set out in the key information document. exchange(s): (iv) As set out in the key information document. (v) As set out in the key information document. i. size of the issue; (vi) As set out in the key information document. (vii) As set out in the key information document. ii. whether proposed to be listed? If (viii) As set out in the key information document. yes, name of the stock exchange(s); (ix) As set out in the key information document. iii. tenure of the instrument, date of allotment and date of maturity; iv. coupon/interest offered, schedule of payment of coupon/interest and principal; v. charge/security, if any, created over the assets; vi. Special right/ interest/ privileges attached to the instrument and changes thereof; vii. delay in payment of interest/ principal amount for a period of more than three months from the due date or default in payment of interest/ principal; viii. details of any letter or comments regarding payment/non- payment of interest, principal on due dates, or any other matter concerning security and /or the assets along with its comments thereon, if any; 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 5 Sr. No Particulars Details ix. details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures 5. Any cancellation or termination of the Not applicable proposal for issuance of securities including reasons thereof. 2. Issuance of Commercial Paper: In terms of recommendation of the Board of Directors dated September 2, 2026, followed by 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 Commercial Paper (CP) amounting up to INR 1,000 Crores (INR One Thousand Crores only) in accordance with the applicable laws as per details mentioned below: Sr. No Particulars Details 1. Type of security proposed to be issued Commercial Paper (CP) 2. Type of issuance Private placement 3. Total number of securities proposed to Up to 20,000 CPs be issued 4. In case of issuance of debt securities (i) Up to INR 1,000 Crores or other non-convertible securities the (ii) To be listed on National Stock Exchange of listed entity shall disclose following India Limited additional details to the stock (iii) Up to 1 (one) year from the date of allotment exchange(s): (iv) As set out in the key information document. (v) Unsecured. i. size of the issue; (vi) As set out in the key information document. (vii) As set out in the key information document. ii. whether proposed to be listed? If (viii) As set out in the key information document. yes, name of the stock (ix) As set out in the key information document. exchange(s); iii. tenure of the instrument, date of allotment and date of maturity; 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 5 Sr. No Particulars Details iv. coupon/interest offered, schedule of payment of coupon/interest and principal; v. charge/security, if any, created over the assets; vi. Special right/ interest/ privileges attached to the instrument and changes thereof; vii. delay in payment of interest/ principal amount for a period of more than three months from the due date or default in payment of interest/ principal; viii. details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning security and /or the assets along with its comments thereon, if any; ix. details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures 5. Any cancellation or termination of the Not applicable proposal for issuance of securities including reasons thereof. 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-ma [Showing first 8,000 characters — download PDF for full document]