An update on our earlier intimation bearing Ref. No. NSE & BSE / 2026-27 / 013 dated April 22, 2026 is as enclosed.
PERSISTENT · price
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On the reaction day the stock moved 1.5 pts less than Nifty Midcap 150 and 0.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Persistent Systems has received NCLT Mumbai's approval for the merger of its wholly-owned subsidiary Arrka Infosec Private Limited into the company. The Tribunal order was pronounced on April 21, 2026, and the certified copy was received on May 11, 2026. Since Arrka Infosec was 100% owned by Persistent Systems, no new shares were issued—the Transferor Company's share capital stands cancelled upon the scheme becoming effective. The appointed date for the merger is April 1, 2025. The rationale includes simplifying corporate structure, achieving synergy gains, eliminating duplicate procedures, and reducing administrative costs. The Transferor Company is dissolved without winding up.
This is an internal restructuring with minimal direct shareholder impact as no new shares are being issued. The merger will consolidate Arrka's operations into Persistent Systems, potentially improving operational efficiency and reducing compliance costs. No open offer was triggered since it was a 100% subsidiary.