Persistent Systems Limited — Regulatory Filings 2021

Jul 21, 2021

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NSE & BSE / 2021-22 / 57 July 21, 2021

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: Proceedings of the 31[st] Annual General Meeting held on Wednesday, July 21, 2021 through Video Conferencing /Other Audio-Visual Means

Pursuant to Regulation 30 read with Schedule Ill (Part A)(13) and any other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 31[st] Annual General Meeting (AGM) of the Company was held on Wednesday, July 21, 2021 through Video Conferencing /Other Audio-Visual Means. The deemed venue of the AGM is the Registered Office of the Company i.e. Bhageerath, 402 Senapati Bapat Road, Pune 411 016. The meeting ended at 5.51 PM (IST).

For the said AGM, following 2 (Two) options were provided by the Company to the Members to cast their votes:

1. Remote e-Voting through the platform of National Securities Depository Limited (NSDL) from 12.01 a.m. (IST) on Sunday, July 18, 2021 to Tuesday, July 20, 2021 till 5.00 p.m. (IST); and

2. e-Voting at the time of the AGM till 6.30 PM (IST)

At the AGM, the following business items were considered, discussed and were voted upon by the Members:

Ordinary Businesses:

1. To receive, consider and adopt the Audited Unconsolidated Financial Statements for the Financial Year ended March 31, 2021, Reports of the Board of Directors and Auditors thereon.

2. To receive, consider and adopt the Audited Consolidated Financial Statements for the Financial Year ended March 31, 2021

3. To confirm the payment of the Interim Dividend of ₹ 14 per equity share and declare a Final Dividend of ₹ 6 per equity share for the Financial Year 2020-21

4. To appoint a director in place of Mr. Sandeep Kumar Kalra, New Jersey, USA (DIN: 02506494), Executive Director, who retires by rotation and has confirmed his eligibility and willingness to accept the office, if re-appointed

Special Businesses:

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 - info@persistent.com | Website - www.persistent.com

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1. To appoint Mr. Sunil Sapre, Pune, India (DIN: 06475949) as an Executive Director of the Company liable to retire by rotation, to hold the office with effect from January 27, 2021 till September 30, 2024

2. To approve amendments in the ‘Persistent Employee Stock Option Scheme 2014’

3. To Grant employee stock options to the employees of subsidiary company(ies) of the Company under ‘Persistent Employee Stock Option Scheme 2014’

4. To approve amendments in the ‘Persistent Systems Limited – Employee Stock Option Plan 2017’

5. To Grant employee stock options to the employees of subsidiary company(ies) of the Company under ‘Persistent Systems Limited – Employee Stock Option Plan 2017’

The Scrutinizer will submit the consolidated report on the remote e-Voting and e-Voting at the time of the AGM to the Company by Friday, July 23, 2021.

As soon as the said Report is received by the Company, it will be conveyed to the Stock Exchanges.

Subject to receipt of requisite number of votes, the Resolutions shall be deemed to be passed on the date of this Meeting i.e. Wednesday, July 21, 2021.

This is for your information and records.

Please acknowledge the receipt.

Thanking you,

Yours Sincerely,

For Persistent Systems Limited

AMIT Digitally signed by AMIT MURARI MURARI ATRE ATRE Date: 2021.07.21 17:57:48 +05'30' Amit Atre Company Secretary ICSI Membership No.: A20507

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 - info@persistent.com | Website - www.persistent.com