Persistent Systems Limited has informed the Exchange regarding ''.
PERSISTENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Persistent Systems Limited received the certified copy of the NCLT Mumbai order dated 21 April 2026, approving the merger of Arrka Infosec Private Limited (a wholly owned subsidiary) into the company. The appointed date for the scheme is 1 April 2025. Since Arrka Infosec was 100% held by Persistent Systems, no new shares will be issued — the transferor's paid-up capital will simply stand cancelled on the effective date. The rationale cited is simplification of corporate structure, synergy gains, and elimination of duplicate administrative and regulatory compliances. The Transferor Company (Arrka Infosec) stands dissolved without winding up.
This is a routine consolidation of a wholly owned subsidiary and has no direct impact on Persistent Systems' shareholding structure or valuation. It will marginally simplify operations and reduce compliance overhead for the parent company.