Press Release

NSE & BSE / 2026-27 / 105 August 6, 2026 The Manager, The Manager, Corporate Services, Corporate Services, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), P J Towers, Dalal Street, Mumbai 400 051 Mumbai 400 001 Ref: Symbol: PERSISTENT Ref: Scrip Code: 533179 Dear Sir/Madam, Sub: Press Release titled ‘Acceptance Period Commences: Persistent Publishes Public Takeover Offer for all Nagarro Shares’ Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Persistent Systems Limited (the ‘Company’) has made a press release dated August 6, 2026, titled ‘Acceptance Period Commences: Persistent Publishes Public Takeover Offer for all Nagarro Shares’. A copy of the Press Release is enclosed for your reference. Thanking you, Yours Sincerely, For Persistent Systems Limited Amit Atre Company Secretary ICSI Membership No.: ACS 20507 Encl.: As above Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696 Tel: +91 (20) 6703 5555 | Fax - +91 (20) 6703 6003 | E-mail - info@persistent.com | Website - www.persistent.com Acceptance Period Commences: Persistent Publishes Public Takeover Offer for all Nagarro Shares \ EUR 81.00 per Nagarro share in cash represents highly attractive premium of ~140% to the closing price on June 25, 2026 \ The six-week acceptance period during which Nagarro shareholders can tender their shares into the offer begins today and runs until September 17, 2026; the acceptance period is followed by a two-week additional acceptance period that is expected to begin on September 23, 2026 and end on October 6, 2026 \ Nagarro’s Management and Supervisory Board support the transaction and intend to recommend acceptance of the Offer; Members of the Nagarro Management Board and further employees have declared their intention to tender shares amounting to an approximately 15% stake1 in Nagarro \ In addition, Persistent has already secured an approximately 22% stake1 in Nagarro, with the largest shareholder of Nagarro committing its entire stake to Persistent \ Offer is subject to a minimum acceptance threshold of 50% plus one share of all outstanding Nagarro shares; necessary approvals by Persistent shareholders have been obtained \ Persistent intends to pursue a delisting of Nagarro shares from the regulated market (Prime Standard) of the Frankfurt Stock Exchange as soon as practicable and legally feasible \ All details and the offer document are available at www.galaxy-offer.com August 6, 2026 Munich, Germany and Pune, India News Summary Following authorization by the German Federal Financial Supervisory Authority (“Bafin”), Galaxy Germany Holding SE (the "Bidder"), a wholly-owned direct subsidiary of Persistent Systems Limited (together "Persistent") today published the offer document for its Voluntary Public Takeover Offer for all outstanding shares of Nagarro SE ("Nagarro") (the “Offer”). This means: Nagarro shareholders can now tender their shares for a cash consideration of EUR 81.00 per share. The Offer provides Nagarro shareholders the opportunity to realize immediate 1: excluding treasury shares © 2026 Persistent Systems Ltd. All rights reserved. 1 and certain value at a highly attractive premium of ~140% to the closing price on June 25, 2026, the last trading day prior to the announcement of the transaction. Compared to the three-month volume-weighted average price (VWAP) as of that date, the offer price represents a premium of ~93%. The acceptance period will end at midnight (CEST) on September 17, 2026. The acceptance period is followed by an additional acceptance period that is expected to begin on September 23, 2026 and to end on October 6, 2026. Quote from Dr. Anand Deshpande, Founder, Chairman and Managing Director, Persistent Systems Limited "Officially launching the Offer marks an important moment in bringing Persistent and Nagarro together. When we first engaged with Nagarro, what gave us conviction was not only the strength of their business but the values underpinning it – the same respect for engineering craft, the same care for clients, and the same long-term mindset that has always guided Persistent. Building enduring companies takes patience, talent and shared purpose. Nagarro brings all of that, and we are confident that what we create together will be greater than either company could achieve alone." Quote from Sandeep Kalra, Chief Executive Officer and Executive Director, Persistent Systems Limited “Persistent and Nagarro bring highly complementary strengths across digital engineering, AI, cloud, industry expertise and global talent. By combining these capabilities, we believe we can build one of the world's leading AI-led digital engineering companies and create greater long-term value for clients, employees and shareholders alike. Our offer gives Nagarro shareholders the opportunity to participate in that value creation immediately and with certainty, at a price that reflects our strong conviction in what Persistent and Nagarro can achieve together.” Persistent and Nagarro share the conviction that leading the next decade of AI-led digital engineering requires capabilities and local presence of a different order than either standalone company delivers. The proposed combination would create a scaled, globally diversified AI-led digital engineering and enterprise modernization powerhouse with at-scale presence in North America and Europe and meaningful Rest of the World exposure. The combined group would be better positioned to support multi-region enterprise clients requiring integrated AI, engineering, ERP / CX, data and cloud capabilities across local and global delivery models. Full support from Nagarro’s Management and Supervisory Board The Boards of both companies share a conviction about the merits of the combination. Nagarro's Management Board and Supervisory Board welcome the transaction and plan to recommend in their response statement that shareholders accept the Offer, subject to their fiduciary duties and their review of the Offer document. Members of the Nagarro Management Board have also declared their intention to accept the Offer. This conviction extends to the opportunities the combination creates for employees as it would create a larger, more diversified platform with enhanced growth prospects benefiting employees on both sides. The Business Combination Agreement (“BCA”) between Persistent and Nagarro © 2026 Persistent Systems Ltd. All rights reserved. 2 reflects the shared understanding of a joint future: it includes commitments to employee matters, operations and management including the preservation of existing terms and conditions of employment. Next steps for shareholders Shareholders will now receive a notification from their custodian bank or securities service provider with technical instructions on how to accept the Offer. For shares held in a German custodian account, the tender process is generally free of costs and expenses. Shall they want to tender, shareholders are encouraged to act early. Minimum acceptance threshold of 50% plus one share The Offer will only be completed if a minimum acceptance threshold of 50 percent plus one share of all outstanding Nagarro shares is reached. The approximately 22% stake (excluding treasury shares) that the Bidder has already secured under a fully binding share purchase agreement with Lantano Beteiligungen GmbH (“Lantano”), the investment vehicle of Nagarro’s largest shareholder, will be counted towards this threshold. The threshold also includes the shares intended to be tendered by members of Nagarro’s Management Board. Persistent does not intend to enter into a domination and/or profit and loss transfer agreement (DPLTA) for a duration of two years after closing of the Offer. Persistent shareholders approved the proposed acquisition of Nagarro through t [Showing first 8,000 characters — download PDF for full document]