Persistent Systems Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 21, 2025
PERSISTENT · price
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Persistent Systems held its 35th Annual General Meeting on July 21, 2025, from 4:00 PM to 6:15 PM IST at its Pune headquarters, with members also participating via video conferencing. Shareholders considered nine business items, including adoption of audited standalone and consolidated financial statements for FY25, confirmation of a total dividend of ₹35 per share (₹20 interim already paid + ₹15 final), and key director reappointments. Dr. Anand Deshpande was reappointed as Managing Director for 5 years, Sandeep Kalra as Executive Director for 3 years, and Vinit Teredesai was appointed as Executive Director. B S R & Co. LLP was reappointed as Statutory Auditors and SVD & Associates as Secretarial Auditors, both for 5-year terms. The scrutiniser's report on voting results is expected by July 23, 2025.
The announcement is procedural and confirms shareholder consideration of standard AGM items, including a healthy ₹35 per share total dividend for FY25. No negative signals — reappointment of the existing leadership team and auditors signals continuity for shareholders.