Persistent Systems Limited has informed the Exchange about General Updates
PERSISTENT · price
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Persistent Systems Limited has received NCLT Mumbai approval for the merger of Arrka Infosec Private Limited (a wholly owned subsidiary acting as the transferor company) into Persistent Systems Limited (the holding company acting as the transferee company). The tribunal order was passed on April 21, 2026, and the company received official notification on the same day. The certified copy of the order is still awaited and will be submitted to the stock exchanges once received. This is an update to an earlier intimation made in April 2025.
Since Arrka Infosec was already a wholly owned subsidiary, this merger is primarily a structural consolidation. It should simplify the group structure and may have a mild positive effect on operational efficiency, though no financial terms or exchange ratio were disclosed.