Analysts/Institutional Investor Meet/Con. Call Updates

NSE & BSE / 2026-27 / 080 July 3, 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.: Transcript of investor/analyst call held on Sunday, June 28, 2026 Ref.: Our earlier intimation under Ref. No. NSE & BSE / 2026-27 / 070 dated June 28, 2026 In continuation to the above-referred intimation and pursuant to Regulation 30 read with Schedule Ill (Para A) (15) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to submit the transcript of the investor/analyst call held on Sunday, June 28, 2026. The transcript of the investor/analyst call is also made available on the Company’s website as follows: Investor/Analyst Call Transcript Please acknowledge the receipt. 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 Persistent Systems Limited “PERSISTENT SYSTEMS - CONFERENCE CALL JUNE 28, 2026” 11:30 AM IST, Sunday, June 28, 2026 MANAGEMENT: Dr. Anand Deshpande Chairman and Managing Director Mr. Sandeep Kalra Executive Director and Chief Executive Officer Mr. Vinit Teredesai Executive Director and Chief Financial Officer Mr. Saurabh Dwivedi Corporate Vice President, Finance and Strategy Page 1 of 28 Persistent Systems Limited Moderator: Ladies and gentlemen, good day and welcome to Persistent Systems Conference Call. We have with us today on the call – Dr. Anand Deshpande - Chairman and Managing Director Mr. Sandeep Kalra - Executive Director and Chief Executive Officer Mr. Vinit Teredesai - Executive Director and Chief Financial Officer Mr. Saurabh Dwivedi - Corporate Vice President, Finance and Strategy. Please note, all participants' line will be in ‘listen-only’ mode and there will be an opportunity for you to ask questions after management's opening remarks. Should you need any assistance during the conference call, please raise your hand from the ‘Participant’ tab on the screen. While asking questions, request you to please identify yourself and your company. Please note, this conference is being recorded. I now hand over the conference to Mr. Saurabh Dwivedi. Thank you and over to you, Sir. Sandeep Kalra: Good morning, good afternoon, good evening to everyone. This is Sandeep Kalra joining from Munich along with my colleagues, Saurabh and Vinit, and we are here to share with you an exciting news about a potential acquisition that we have announced and which is a combination of Persistent and Nagarro to form an AI-led digital engineering powerhouse. Before I start, I'll hand over to Anand for his initial comments. Anand Deshpande: Yes. Thank you, Sandeep. Welcome to all of you for being here on a Sunday morning. We are very excited to announce a major step in the life of Persistent, a company we started about 36 years back, and we are very delighted to announce this great partnership with Nagarro. As you will observe and look at the rest of the slides today and know about Nagarro, it seems like this partnership was made in heaven. We are so aligned in terms of our thinking, in terms of how we look at customers, our employees, our culture and our engineering DNA that we couldn't have chosen a better partner in this journey as we move ahead. This partnership would be very valuable to all our customers who will see a scaled partner who is able to deliver globally across in various areas of interest, especially AI and the new technologies that are coming up. All the employees should see a very good advantage of having a similar company with scale across the world and the ability to work together as an engineering team at scale. The partners should see also a similar benefit. I'm very delighted to say that the shareholders also should see Page 2 of 28 Persistent Systems Limited benefit in this arrangement and the agreement that we have for the group. All the Nagarro shareholders will see an immediate return on their share price. And also, I believe that as we build a scalable and a scaled company over the next few years, Persistent shareholders will also see long-term benefits of being invested in a partner who is at scale, up with new technologies and has global presence and customers across the world. I must complete the fact that we have also found similar alignment in terms of our commitment to environment, society and some of the community work that we do at Persistent and we have seen similar trends with Nagarro. So, we're looking forward to being a very, sort of, globally leading group which would be useful and beneficial to all stakeholders. I'll stop here and I think let's get to the point and if there are questions we'll take more. Sandeep Kalra: Thank you, Anand. And as you would have also noticed, we had another announcement that we did over the weekend. This is regarding a strategic, long-term agreement that we have signed with an existing global technology leader headquartered in the US, an existing big customer for us. So, let me first start with that announcement and the implication for us and then I'll dig deeper into the Nagarro transaction that we have announced. So, from this deal perspective, this is a net new deal which will add roughly about $125 million plus on an annual basis and overall for the period of the contract it will be roughly about $650 million plus over 6.5 years. This is a true testimony to the relationship and to what we have delivered for this customer over the years. It talks about our engineering prowess, the deep domain expertise and the belief that using AI we would be able to deliver even better in the years to come. This, in our investors mind, should cement the growth that we have seen in Persistent for the last several years and should continue our 24 quarter streak of growth for times to come. With this, I will move on to the other announcement that we have which is in line with our stated M&A strategy. You would have heard us whether it is me, Vinit, Anand, Saurabh or others talk about our M&A strategy clearly stating if we were to do a scaled acquisition that would be aimed at expanding our footprint in Europe. That has been an ambition for us for times, in the last several years, and today is an exciting part of the Page 3 of 28 Persistent Systems Limited journey where we have sincerely found a partner which is very, very complimentary to us. This is not a consolidation play. This is an expansion play for us bringing together, as Anand rightly pointed out, people, capabilities, markets which are all complimentary to us and very much aligned to the direction in which we want to take our company and make a company to last for many, many decades to come. Now, in terms of the combination, what does this combination mean for us? We are calling it the Persistent-Nagarro group. The two companies have very strong brand name in respective markets. Bringing the group together, we will be 46,000+ team members globally spread across 40+ countries. It will be a 2.9 billion dollar+ powerhouse focused on forward- looking technologies and will also have an addition of complimentary verticals, capabilities, provide career path to our joint employees and the transaction, as you will hear later in this presentation, is very accretive to both the shareholders, the existing shareholders of the Nagarro group and the existing shareholders of Persistent. We will talk about how we intend to create disproportionate value for our shareholders in line with what we have done in the past. Now, just to go over the strategic priorities [Showing first 8,000 characters — download PDF for full document]