Persistent Systems Limited - AGM Information 2022

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NSE & BSE / 2022-23 / 64

June 25, 2022

The Manager Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Ref: Symbol: PERSISTENT

The Manager Corporate Services, BSE Limited 14[th] Floor, P J Towers, Dalal Street, Mumbai 400 001

Ref: Scrip Code: 533179

Dear Sir/Madam,

Sub: Submission of the Newspaper Advertisement – Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable regulations, if any, we enclose the copies of the following newspaper advertisements titled ‘Notice of the 32[nd] Annual General Meeting, Book Closure and Remote e-Voting Information’ published on June 25, 2022:

Particulars	Newspaper	Language	Editions
Notice of the 32ndAnnual General Meeting, Book Closure and Remote e- Voting Information	Financial Express	English	All
	Loksatta	Marathi	Pune

We request you to take the same on your records.

Please acknowledge the receipt.

Thanking you, Yours Sincerely, For Persistent Systems Limited

AMIT Digitally signed by MURARI AMIT MURARI ATRE Date: 2022.06.25 ATRE 14:54:24 +05'30' Amit Atre Company Secretary ICSI Membership No.: A20507

Encl.: As above

Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLCO56696

Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - [email protected] | Website - www.persistent.com

WWW.FINANCIALEXPRESS.COM

SATURDAY, JUNE 25, 2022

DrReddy’s acquires Eton Pharma’s injectable products for$50 million

Tech start-up Matter raises $10 million

TN govt officials meet Foxconn chief, discuss firm's EVentry plans

GEETA NAIR Matter's energy storage PRESS TRUST OF INDIA Pune, June 24 Hyderabad, June 24 Dr Reddy's Lab signs settlement subsidiary, Matter TECHNOLOGY START-UP, Energy, has started DR REDDY'S LABORATOpact with Indivior, Aquestive MATTER has raised $ 10 mil- delivering batteries to RIES on Friday announced firm's EVentry plans lion from Capital 2B Fund 1, non-compete electric that it has acquired a portfo- HOMEGROWN PHARMAMAJOR DrReddy's Laboratories Climate Angels Fund and vehicles, home inverters lio of branded and generic LtdonFridaysaidithasenteredintoasettlementagreement SAJAN C KUMAR other investors. Mohal Lalb- and UPS segments injectable products from with IndiviorInc andAquestiveTherapeutics as a result of Chennai, June 24 hai,founder and CEO,Matter USA-based Eton Pharmaceuwhichitwillreceivepaymentstotalling$72million(over`560 said this is part of the $ 20 ticals for$50 million. crore) byMarch 31,2024.The said agreement resolves all OFFICIALS FROM TAMIL million fundraising planned ment.Fundshavebeenraised A press release from the claimsbetweenthepartiesrelatingtothecompany'sgeneric Nadu's Guidance, the nodal bythe firm. by the parent and would be Indian drug maker said, the buprenorphineandnaloxonesublingualfilm,2mg/0.5mg,4 agency for attracting foreign Matter is a vertically intedeployed in both companies, portfolio includes the Biormg/1mg,8mg/2mg,and12mg/3 mgdosages,DrReddy's investmentsinthestate,onFrigrated technology company Lalbhai said. phen (phenylephrine hydroLaboratoriessaidinaregulatoryfiling. —PTI day metYoung Liu,chairman, with a presence in the OEM Matter, founded in 2019 choloride) injection and FoxconninDelhianddiscussed segment and battery segby Lalbhai along with Arun Rezipres (ephedrine aboutthecompany'sexpansion ment.Capital 2B is a technolPratap Singh, Kumar Prasad hydrochloride) injection Dr Reddy's efforts to accelerThevalueoftotaladdressplans in electronic segment in ogyfund backed byInfoedge. Telikepalli and Saran Babu, NDAs (New Drug Applicaate and expand affordable able market for these prodTamil Nadu and its entry into Baring Private Equity Parthas invested $ 7.5 million in tions) with nine separate medications for patients,the ucts in the USA is approxiemerging sectors such as EV ners is an existing investor R&D and development of its combinations of strengths release said. mately$174 million. andsemi-conductors. in Matter. proprietary stack.Matter has and presentations and one Pooja Kulkarni, MD& CEO, Lalbhai said the company launched India’s first active first-to-file approved ANDA ( Guidance also met Foxconn's Foxconn eying investments in was getting ready to launch liquid-cooled 2-wheeler EV abbreviated new drug appli- Persistent Systems Limited headofEVdivision,KayChiu,the its electric motorcycle in the battery, MatterEnergy 1.0, cation) for Cysteine CIN: L72300PN1990PLC056696 headofmechanicalenclosures electronics segments in Maha second half of 2022. The which is designed to address Hydrochloride forthe USA. Regd. Office : Bhageerath, 402 Senapati Bapat Road, Pune 411 016 vision Jainn-Her Wu and the companywill start manufacconcerns around active therOnestrengtheachofBiorPh. No.: +91 (20) 6703 0000; Fax: +91 (20) 6703 0008 E-mail: [email protected]; Website: www.persistent.com head of semi-conductor divi- A HIGH-POWERED delegation from Maharashtra,led by turing at its Ahmedabad mal management in E2Ws. phen and Rezipres are cursion, Bob Chen and discussed industries minister Subhash Desai,additional chief secreplant with a capacity of Lalbhai said with their rentlycommerciallyavailable NOTICE OF THE 32ND ANNUAL GENERAL MEETING, variousareasofcollaboration. tary(industries) BaldevSingh and MIDC CEO PAnbalagan 60,000 vehicles a year. Every technologically differentiin the USA. The acquisition BOOK CLOSURE AND REMOTE E-VOTING INFORMATION Guidance, in a tweet, said: metwithYoungLiu,chairmanofTaiwan-basedFoxconnto component barring cells, ated product,theywere lookwill complement Dr Reddy's “Our time-tested partnership discuss advanced investment plans in the semiconductor magnetsandsemiconductors ing to be a significant player USA's institutional business NOTICE is hereby given that the 32nd Annual General Meeting (AGM) of the with Foxconn started in 2006 andconsumerelectronicssegments.Foxconnisexpanding was manufactured in-house, in the electric motorcycle with limited competition Members of the Company will be held on Tuesday, July 19, 2022 at 1600 Hrs. (India Time) at Persistent Systems Limited, Dewang Mehta Auditorium, and has gown immensely.The into semiconductor manufacturing and is exploring the Lalbhai said. space, which accounted for injectable products,it said. ‘Bhageerath’, 402 Senapati Bapat Road, Pune 411 016, India in-person and companyhas also appreciated SouthAsianmarketforitsnextventuretobuildfortheworld. Matter's energy storage 65% of the 2W market in Under the terms of the through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) at the TamilNadu's support,business To this effect,Foxconn held successful rounds of meetings subsidiary, Matter Energy, the country. agreement, Dr Reddy's members’ best convenience to transact the business, as set out in the Notice of -enabling ecosystem andvariwith the Prime Minister Narendra Modi and minister for hasstarteddeliveringbatterVibhore Sharma, partner, acquired the Eton portfolio theAGM. ous ease-of-doing initiatives electronicsandIT,AshwiniVaishnaw. — FE BUREAU ies to non-compete electric Capital 2B said, Matter,with for an upfront payment of In accordance with the applicable provisions of the Companies Act, 2013, Rules resultingintremendousgrowth vehicles, home inverters and its homegrown technology approximately $5 million in made thereunder, read with General Circulars issued by the Ministry of Corporate fortheminthecountry.” UPS segments.Matter is also stack,was set to redefine the cash,besidescontingentpayAffairs (“MCA”) having reference No. 14/2020, 17/2020, 20/2020 and 02/2021 The meeting of Tamil amongothers. mentintoapotentialEVmanworkingontelecombatteries two-wheeler mobility and ments of up to $45 million. datedApril 8, 2020,April 13, 2020, May 5, 2020, and January 13, 2021, along with Nadu's officials with Foxconn Traditionalautocompanies ufacturingplantinthestate. and the energy storage segenergysegments. The acquisition supports subsequent circulars issued in this regard, the latest being 02/2022 topbrassassumessignificance such as TVS Motor and Ashok Foxconn already has a and 03/2022 dated May 5, 2022, and the Securities and Exchange Board of India as the Taiwan-based electronLeylandarealsointheprocess presenceinIndiawithitstwo Post Offer Advertisement under Regulation 18 (12) in terms of SEBI (Substantial 2015,(SEBI) read(ListingwithObligationsCirculars issuedand Disclosureby the SEBIRequirements)having referenceRegulations,No. ics contract manufacturer is of setting up their own EV manufacturing units, based Acquisition of Shares and Takeovers) Regulations, 2011 to the Equity Shareholders of SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CMD2/CIR/P/2021/11 and reportedly planning to promanufacturing footprint,givin Chennai and other locaAMRAPALI FINCAP LIMITED SEBI/HO/CFD/CMD2/CIRP/P/2022/62 dated May 12, 2020, January 15, 2021, duce electric vehicles (EVs) in ing an edge to Tamil Nadu. tions. It presently manufacand May 13, 2022, respectively, Notice of the AGM along with the Annual India.Tamil Nadu already has Sources in the know told FE tures Apple’s phones and ("AFL" or "TARGET COMPANY") Report 2021-22 have been sent on Friday, June 24, 2022, through electronic arobustEVecosystemwithbig that Tamil Nadu government smartphones of some other CIN:L74999GJ2004PLC044988 mode to those Members whose email addresses are registered with the names such as Ola, Ather, stands a good chance in getChinese brands including REGISTERED OFFICE: 19,20,21 Narayan Chambers, 3rd Floor, Behind Patan Hotel, Company/Depositories. Members may note that the Notice and Annual Report Ampere and Simple Energy, tingFoxconn'spossibleinvestXiaomi in India. Ashram Road, Ahmedabad - 380009. 2021-22 is also available on the Company’s website at www.persistent.com, Tel No. 079- 26581329-30, Website: www.amrapali.co.in E Mail: [email protected] websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange ofIndiaLimitedatwww.bseindia.comandwww.nseindia.comrespectively,andon OPEN OFFER ("OFFER") FOR ACQUISITION OF UP TO 66,00,000 EQUITY SHARES OF thewebsiteofNSDLathttps://www.evoting.nsdl.com. THE FACE VALUE OF RS. 10 /- EACH, CONSTITUTING 49.11% OF THE EQUITY SHARES The documents referred to in the Notice of the AGM and the Statement are open CAPITAL OF AMRAPALI FINCAP LIMITED (HEREINAFTER REFERRED AS the "TARGET for inspection by the Members at the Registered Office of the Company on all COMPANY" OR "AFL"), FROM THE EXISTING SHAREHOLDERS AT A PRICE OF RS. working days, except Saturdays, during business hours up to the date of the 22.20 /- (RUPEES TWENTY TWO POINT TWENTY PAISA ONLY) PER FULLY PAID-UP Meeting. Also, the electronic copy of the relevant documents referred to in the EQUITY SHARE BY MR. RASHMIKANT THAKKAR (ACQUIRER) ALONG WITH MR. accompanying Notice and the statement will be made available for inspection by SUNNYTHAKKAR ("PAC") IN ACCORDANCE WITH THE PROVISIONS OF REGULATIONS the Members through e-mail. The Members are requested to send an email to 3 (1) AND 4 OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL [email protected]. ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011, AND SUBSEQUENT The Board of Directors has appointed M/s. SVD & Associates, Practicing AMENDMENTS THERETO ('SEBI (SAST) REGULATIONS') ('OFFER'). Company Secretaries, Pune (represented by Mr. Sridhar Mudaliar (FCS- 6156, COP Number - 2664) or failing him Ms. Sheetal Joshi (FCS -10480, COP-11635) This Post-Offer Public Announcement is being issued by Interactive Financial services Limited, as the Scrutinizers to scrutinize the e-Voting process in a fair and transparent the Manager to the Offer ('Manager'), on behalf of the Acquirer Mr. Rashmikant Thakkar along manner. with Mr. Sunny Thakkar ("PAC") in connection with the Offer made to the aforementioned Public It is further notified that pursuant to Section 91 of the Companies Act, 2013, the Shareholders of the Target Company, pursuant to and in compliance with the provisions of Register of Members and the Share Transfer Books of the Company will remain Regulation 18 (12) and other applicable provisions under the SEBI (SAST) Regulations, 2011 closed from Wednesday, July 13, 2022 , to Tuesday, July 19, 2022 (both days ('Post-Offer Public Announcement'). This Post-Offer Public Announcement should be read in inclusive). continuation of, and in conjunction with the: (a) Public Announcement dated Monday, March 31, As per Section 108 of the Companies Act, 2013 read with the Rule 20 of the 2022 ('Public Announcement'), (b) Detailed Public Statement dated Monday, February 07, Companies (Management and Administration) Rules, 2014, as amended by the Companies (Management and Administration) Amendment Rules, 2015 (the 2022 which was published in the newspapers, namely being, Financial Express (English daily) ‘Rules’) and Regulation 44 of the SEBI (Listing Obligations and Disclosure (All Editions), Jansatta (Hindi daily), Financial Express (Gujarati daily) (Ahmedabad Edition), Requirements) Regulations, 2015, the Company is pleased to offer voting Pratahkal (Marathi daily) (Mumbai Edition) ('Newspapers') ('Detailed Public Statement'), (c) mechanisms such as remote e-Voting / e-Voting at the time of AGM / voting Draft Letter of Offer dated Monday, February 14, 2022, ('Draft Letter of Offer'), (d) Letter of Offer through Ballot Paper for its Members to enable them to cast their votes for the dated Wednesday, May 25, 2022, along with the Form of Acceptance-cum-Acknowledgement itemsofbusinessmentionedintheAGMNotice. ('Letter of Offer'), and (e) Pre-Offer Advertisement cum Corrigendum to the Detailed Public The cut-off date to record the entitlement of the Members to cast their votes Statement was published in the newspapers, namely being, Financial Express (English daily) through remote e-Voting / Voting at the time of AGM is Tuesday, July 12, 2022. A (All Editions), Jansatta (Hindi daily), Financial Express (Gujarati daily) (Ahmedabad Edition), person, whose name is recorded in the Register of Members of the Register of Pratahkal (Marathi daily) (Mumbai Edition) ('Newspapers') on Thursday, June 02, 2022, which Beneficial Owners maintained by the Depositories as on the cut-off date i.e. Tuesday, July 12, 2022 , only shall be entitled to avail of the facility of remote was published in the Newspapers. This Post-Offer Public Announcement is being published in e-Voting / e-Voting at the time ofAGM / voting through Ballot Paper at the time of the same aforesaid Newspapers. AGM.The voting rights of the Members shall be in proportion to the Equity Shares The Shareholders of the Target company are requested to kindly note the following information held by them in the paid-up Equity Share Capital of the Company as on the cut-off relating to the offer: datei.e.Tuesday,July12,2022. 1. Name of the Target Company : Amrapali Fincap Limited The details pursuant to the provisions of the Companies Act, 2013 and the Rules 2. Name of the Acquirers and PACs : Mr. Rashmikant Thakkar ( Acquirer ) along with are givenhereunder a. Date of completion of dispatch of theAGM Notice andAnnual Report through e Mr. Sunny Thakkar ("PAC") mail:Friday,June24,2022 3. Name of the Manager to the Offer : Interactive Financial Services Limited b. Date and time of commencement of remote e-Voting: Saturday, July 16, 2022, 4. Name of the Registrar to the Offer : Satellite Corporate Services Private Limited at12.01a.m.IST 5. Offer Details : c. Date and time of the end of remote e-Voting: Monday, July 18, 2022, at 5.00 a. Date of Opening of the Offer : Tuesday, June 07, 2022 p.m.IST b. Date of Closure of the Offer : Monday, June 20, 2022 d. Remote e-Voting shall not be allowed beyond 5.00 p.m. on Monday, July 6. Date of Payment of Consideration : Monday, July 04, 2022 18,2022 7. Details of Acquisition : e. The facility for casting the vote through e-Voting or Ballot Paper will be made Sl. Particulars Proposed in the Offer Actuals available at the AGM and the Members attending the AGM who have not cast No. Document their vote by means of remote e-Voting may cast their vote at the time of the AGM 7.1 Offer Price Rs 22.20/- per share Rs 22.20/- per share f. The Members who have cast their vote by remote e-Voting may also attend the 7.2 Aggregate number of shares tendered 66,00,000 65,96,600 AGMbutshallnotbeentitledtocasttheirvoteagain 7.3 Aggregate number of shares accepted 66,00,000 65,96,600 g. ElectronicVotingEventNumber(EVEN):120149 7.4 Size of the Offer (Number of shares Rs. 14,65,20,000/Rs. 14,64,44,520/h. The Notice of AGM is available on the website of the Company multiplied by offer price per share) at https://www.persistent.com/wp-content/uploads/2022/06/agm-notice 2022.pdf andalsoonthewebsiteofNSDLathttps://www.evoting.nsdl.com 7.5 Shareholding of the Acquirer along with 18,38,400 18,38,400 I. Any person, who acquires shares of the Company and becomes a Member of PAC before Agreements/P (13.68%) (13.68%) the Company after dispatch of the notice and holding shares as of the cut-off Announcement (No. & %) date i.e. Tuesday, July 12, 2022, may obtain the login ID and password by 7.6 Shares Acquired by way of Agreements [email protected] • Number 16,14,000 16,14,000 j. For electronic voting instructions, Members may go through the instructions in % of Fully Diluted Equity Share Capital (12.01%) (12.01%) the Notice ofAGM, and in case of any queries, you may refer to the Frequently Asked Questions (FAQs) for Members and e-Voting user manual for Members 7.7 Shares Acquired by way of Open Offer available in the downloads section of www.evoting.nsdl.com or call on toll-free Number 66,00,000 65,96,600 no.:[email protected] % of Fully Diluted Equity Share Capital (49.11%) (49.08%) k. In case of any grievances connected with the facility for e-Voting, please 7.8 Shares acquired after Detailed Public contact Ms. Pallavi Mhatre, Senior Manager, NSDL, 4th Floor, ‘A-wing, Statement Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Number of shares acquired Parel, Mumbai - 400 013. Email: [email protected], Tel: 1800-1020-990 and 1800-224-430. Price of the shares acquired Not Applicable Not Applicable l. Helpdesk for Individual Shareholders holding securities in Demat mode for any % of the shares acquired technicalissuesrelatedtologginginthroughDepositoryi.e.NSDLandCDSL. 7.9 Post offer shareholding of Acquirer and PAC Login type Helpdesk details Number 10052400 10049000 % of Fully Diluted Equity Share Capital 74.79% 74.77% Individual Shareholders Members facing any technical issue in login can holding securities in Demat contact the NSDL helpdesk by sending a 7.10 Pre & Post offer shareholding of the Public Pre-Offer Post-Offer Pre-Offer Post-Offer mode with NSDL request at [email protected] or call at toll-free Number 99,87,600 33,87,600 99,87,600 33,91,000 no.:1800-1020-990and1800-224-430 % of Fully Diluted Equity Share Capital 74.31% 25.21% 74.31% 25.23% Individual Shareholders Members facing any technical issue in login can 8. A copy of this Post Offer Advertisement will be available on the websites of SEBI, BSE holdingsecurities in Demat contact the NSDL helpdesk by sending a Limited and the registered office of the Target Company. mode with CDSL requestMembers facing any technical issue in 9. Capitalized terms used in this advertisement, but not defined, shall have the same login can contact the CDSLhelpdeskbysending meaning assigned to them in the Letter of Offer dated May 25, 2022 a request at [email protected] 10. The Acquirer and PAC severally and jointly accept full responsibility for the information or contact at 022- 23058738 or 022-23058542contained in this Post Offer Advertisement and also for the obligations under SEBI 43 at [email protected] or call at toll-free no.: 1800-1020-990and1800-224-430 (Substantial Acquisition of Shares and Takeovers), 2011. ISSUED BY THE MANAGER TO THE OFFER: m. Theabovementioneddetailsarealsoavailableonthefollowingwebsites: • Company’swebsite:http://investors.persistent.com/ INTERACTIVE FINANCIAL SERVICES LIMITED • NSDL:https://www.evoting.nsdl.com Address : 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg, • BSELimited:www.bseindia.com Ellisbridge, Ahmedabad -380009, Gujarat • NationalStockExchangeofIndiaLimited:www.nseindia.com Tel No. :+079-2658-1240 Web Site : www.ifinservices.in By the order of the Board of Directors Email : [email protected] Contact Person : Ms. Jaini Jain For Persistent Systems Limited SEBI Reg No : INM000012856 Amit Atre Place : Pune FOR AND ON BEHALF OFACQUIRER: Rashmikant Thakkar Company Secretary Date : June 24, 2022 Place : Ahmedabad Date : June 24, 2022 ICSI Membership No.: ACS 20507

SAJAN C KUMAR Chennai, June 24

Pune

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AI assistant

Persistent Systems Limited AGM Information 2022

60826_rns_2022-06-25_ab221c55-8e6c-439e-a77d-b9bce84b44e1.pdf

DrReddy’s acquires Eton Pharma’s injectable products for$50 million

Tech start-up Matter raises $10 million

TN govt officials meet Foxconn chief, discuss firm's EVentry plans

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AI assistant

Persistent Systems Limited — AGM Information 2022

60826_rns_2022-06-25_ab221c55-8e6c-439e-a77d-b9bce84b44e1.pdf

DrReddy’s acquires Eton Pharma’s injectable products for$50 million

Tech start-up Matter raises $10 million

TN govt officials meet Foxconn chief, discuss firm's EVentry plans

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Persistent Systems Limited AGM Information 2022

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