Persistent Systems Limited — Interim / Quarterly Report 2023

Oct 20, 2022

NSE & BSE / 2022-23 / 119 October 20, 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, Bombay Stock Exchange Limited 14th Floor, P J Towers, Dalal Street, Mumbai 400 001

Ref: Scrip Code: 533179

Dear Sir/Madam,

Sub: Submission of the Newspaper Advertisement under Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR Regulations ), and all other applicable regulations, if any, we enclose the copies of the newspaper advertisements published on Thursday, October 20, 2022, regarding the Audited Financial results of the Company for the quarter and half year ended September 30, 2022, as specified in Regulation 33 of the SEBI LODR Regulations. The details of the publication are as follows: Sr. No. Newspaper Language Editions 1 Financial Express English All 2 Loksatta Marathi Pune

Sr. No.Newspaper		Language	Editions
	Financial Express	English	All
	oksatta	Marathi	Pu⊔'

We request you to take the same on your records.

Please acknowledge the receipt.

Thanking you,

Yours Sincerely, For Persistent Systems Limited

Amit Atre Company Secretary ICSI Membership No.: A20507

Encl.: As above

FINANCIAL EXPRESS NATION 17

By order of Board of Directors of Persistent Systems Limited

Pune	Dr. Anand Deshpande
October 19, 2022	Chairman and Managing Director

For risks and uncertainties relating to forward-looking statements, please visit our website :- www.persistent.com

Notes :

1 The audited condensed interim consolidated financial statements for the quarter and half year ended September 30, 2022, have been taken on record by the Board of Directors at its meeting held on October 19, 2022 as recommended by the Audit Committee at its meeting held on October 18, 2022. The statutory auditors have expressed an unqualified audit opinion. The information presented above is extracted from the audited condensed interim consolidated financial statements.

Particulars			For the half year ended	For the year ended
		Sept. 30, 2022		Sept. 30, 2021 March 31, 2022
Cash flow from operating activities
Profit before tax		5,774.79	4,206.84	9,242.79
Adjustments for:
Interest income		(222.73)	(254.60)	(600.22)
Finance costs		189.91	43.56	118.35
Depreciation and amortization expense		1,338.19	720.92	1,660.12
Unrealised exchange loss/ (gain) (net)		(10.02)	(18.56)	(25.92)
Change in foreign currency translation reserve		(153.42)	66.62	305.64
Exchange (gain) / loss on derivative contracts		133.98	57.87	79.38
Exchange loss / (gain) on translation of foreign currency cash		4.56	3.46	1.70
and cash equivalents		-	-	65.27
Bad debts
(Reversal) / Allowance for expected credit loss (net)		31.01	(27.36)	(105.06)
Employee stock compensation expenses		695.81	364.80	950.23
Loss / Impairment of non current investments		-	-	148.40
Provision for diminution in value of non-current investments		-	147.68	-
Remeasurements of the defined benefit liabilities / asset (before tax effects)		34.00	(132.97)	(183.87)
Excess provision in respect of earlier years written back		(9.35)	(32.55)	(66.00)
Profit on sale/ fair valuation of financial assets designated as FVTPL		(56.18)	(233.58)	(354.30)
Profit on sale of property, plant and equipment (net)		(0.11)	(4.72)	(12.45)
Operating profit before working capital changes		7,750.44	4,907.41	11,224.06
Movements in working capital :
Decrease / (Increase) in non-current and current loans		1.83	(0.11)	5.69
Increase in other non current assets		(150.40)	(109.05)	(147.89)
Increase in other current financial assets		(1,076.24)	(881.19)	(869.22)
(Increase) / Decrease in other current assets		(801.08)	232.49	146.71
Increase in trade receivables		(2,691.07)	(749.25)	(3,508.56)
Increase in trade payables, current liabilities and non current liabilities		2,319.72	1,318.68	2,489.72
(Decrease) / Increase in provisions		(286.16)	(171.83)	1,476.47
Operating profit after working capital changes		5,067.04	4,547.15	10,816.98
Direct taxes paid (net of refunds)		(1,285.14)	(1,150.38)	(2,367.12)
Net cash generated from operating activities	(A)	3,781.90	3,396.77	8,449.86
Cash flows from investing activities
Payment towards capital expenditure (including intangible assets,		(2,832.38)	(2,325.90)	(3,853.97)
capital advances and capital creditors)
Proceeds from sale of property, plant and equipment		3.19	15.21	46.02
Acquisition of step-down subsidiaries/businesses including cash and cash		(3,914.07)	-	(6,154.02)
equivalents: ? 642.81 Million (Corresponding period: Nil / Previous
year ? 61.07 million)
Purchase of bonds		(62.97)	(562.62)	(711.90)
Proceeds from sale/ maturity of bonds		31.49	239.35	499.95
Investments in mutual funds		(18,060.60)	(15,686.10)	(33,456.80)
Proceeds from sale / maturity of mutual funds		20,366.55	19,127.50	35,762.24
Proceeds from maturity of bank deposits having original maturity		1,580.86	740.08	1,121.92
over three months
Investments in deposits with financial institutions		(200.00)	-	(100.00)
Investment in common / preferred stocks		-	-	(123.61)
Loan to ESOP Trust		-	(1,880.00)	(3,522.00)
Interest received		288.78	368.05	718.74
Net cash (used in) /generated frominvesting activities		(B) (2,799.15)	35.57	(9,773.43)
Cash flows from financing activities
Repayment of long term borrowings in Indian rupee		(1.86)	(1.85)	(1.84)
Net proceeds from foreign currency long term borrowings		1,018.42	-	4,280.99
Payment of lease liabilities		(198.70)	(167.57)	(350.83)
Interest paid		(189.99)	(43.67)	(118.38)
Dividends paid		(840.15)	(458.55)	(1,987.05)
Net cash(used in) /generated from financing activities	(C)	(212.28)	(671.64)	1,822.89
Net increase in cash and cash equivalents (A + B + C)		770.47	2,760.70	499.32

2 The above consolidated financial results have been prepared from the condensed interim consolidated financial statements, which are prepared in accordance with Indian Accounting Standards ("Ind AS"), the provisions of the Companies Act, 2013 ("the Companies Act"), as applicable and guidelines issued by the Securities and Exchange Board of India ("SEBI"). The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. All amounts included in the consolidated financial results (including notes) are reported in millions of Indian rupees ( in ? millions) except share and per share data, unless otherwise stated. 3 The Members of the Company at the Thirty-Second Annual General Meeting held on July 19, 2022, approved payment of the Final Dividend of ? 11 per Equity Share for FY 2021-22 ('Final Dividend'). Accordingly, an amount of ? 840.35 million was paid towards the Final Dividend as of September 30, 2022, out of the total dividend amount of ? 840.68 million. The remaining amount of ? 0.33 million is unclaimed and the Company will make due efforts to pay the same to the respective Shareholders. 4 In accordance with para 4 of Notified Indian Accounting Standard 108 (Ind AS-108) "Operating Segments", the Company has disclosed segment information only on the basis of consolidated financial results. 5 The investors are requested to visit the following website of the Company and Stock Exchanges for further details: • Company's website : https://www.persistent.com/investors • BSE Ltd: www.bseindia.com

• National Stock Exchange of India Ltd.: www.nseindia.com

Note for segment wise information:

Operating segments are components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision makers, in deciding how to allocate resources and assessing performance. The Group's chief operating decision makers are the Chief Executive Officer and Chairman & Managing Director.

Segment wise capital employed

Segregation of assets (other than trade receivables and unbilled revenue), liabilities, depreciation and amortization and other non-cash expenses into various reportable segments have not been presented as the assets and liabilities are used interchangeably among segments and the Group is of the view that it is not practical to reasonably allocate the other assets, liabilities and other non-cash expenses to individual segments and an ad-hoc allocation will not be meaningful.

			In Million
	As at
			March 31, 2022
- BFSI	4,423.03	2,371.03	2,570.89
- Healthcare & Life Sciences	3,163.45	1,998.85	2,274.57
- Software, Hi-Tech and Emerging Industries	10,172.49	5,199.29	7,769.14
Total allocable segment assets	17,758.97		9,569.17 12,614.60
Unallocable assets	44,350.97		30,791.59 41,526.37
Total assets
	8 Segment assets		Sept. 30, 2022 Sept. 30, 202162,109.94 40,360.76 54,140.97

CONDENSED INTERIM CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2022

Audited consolidated financial results of Persistent Systems Limited for the quarter and half year ended September 30, 2022

Sr.				Quarter ended			Half year ended	Year ended
No.	Particulars				Sept 30, 2022 June 30, 2022 Sept 30, 2021 Sept 30, 2022 Sept 30, 2021			March 31, 2022
	Income1 Revenue from operations (net)				20,486.41 18,781.11 13,512.49 39,267.52 25,811.75 57,107.46
	2 Other income		80.55	209.78	324.15	290.33	712.18	1,439.55
	3 Total income		(1+2) 20,566.96 18,990.89 13,836.64 39,557.85 26,523.93 58,547.01
	4 Expenses
	- Employee benefits expense			12,371.20 11,106.69		8,092.37 23,477.89 15,416.06 34,593.10
	- Cost of professionals		2,638.00	2,602.82	1,999.54	5,240.82	3,803.79	7,974.18
	- Finance costs		111.08	78.83	20.94	189.91	43.56	118.35
	- Depreciation and amortization expense		693.07	645.12	370.83	1,338.19	720.92	1,660.12
	- Other expenses		1,797.57	1,738.68	1,176.64	3,536.25	2,332.76	4,958.47
	Total Expenses				17,610.92 16,172.14 11,660.32 33,783.06 22,317.09 49,304.22
	5 Profit before tax	(3-4)			2,956.04 2,818.75 2,176.32 5,774.79 4,206.84 9,242.79
	6 Tax expense
	- Current tax		727.28	693.45	538.63	1,420.73	1,085.99	2,322.85
	- Tax charge in respect of		7.31	-	(3.88)	7.31	(17.61)	42.57
	earlierperiods years/
	- Deferred tax charge / (credit)		21.31	9.18	24.04	30.49	8.45	(26.49)
	Total tax expense		755.90	702.63		558.79 1,458.53 1,076.83 2,338.93
	7 Profit for the period / year	(5-6)			2,200.14 2,116.12 1,617.53 4,316.26 3,130.01 6,903.86
	8 Other comprehensive income
	A. Items that will not be reclassified
	to profit and loss
	- Remeasurements of the defined benefit		(23.95)	68.31	(51.50)	44.36	(132.96)	(248.05)
	liabilities / asset
	- Income tax effect on above		5.75	(16.11)	13.13	(10.36)	32.87	64.18
			(18.20)	52.20	(38.37)		34.00 (100.09) (183.87)
	B. Items that may be reclassified to
	profit and loss
	- Effective portion of cash flow hedge		(178.81)	(284.03)	29.55	(462.84)	(97.54)	(130.49)
	- Income tax effect on above		45.01	71.48	(7.44)	116.49	24.55	32.84
	- Exchange differences in translating the		308.50	156.00	(13.58)	464.50	114.73	138.96
	financial statements of foreign operations
			174.70	(56.55)	8.53	118.15	41.74	41.31
	Total other comprehensive income	(A+B)	156.50	(4.35)	(29.84)	152.15		(58.35) (142.56)
	for the period / year9 Total comprehensive income for the	(7+8)			2,356.64 2,111.77 1,587.69 4,468.41 3,071.66 6,761.30
	period / year (Comprising Profit /
	(Loss) and Other Comprehensive
	Income for the period / year)
	10 Paid-up equity share capital		764.25	764.25	764.25	764.25	764.25	764.25
	(Face value of share ? 10 each)
	11 Other equity excluding revaluation reserves							32,917.95
	12 Earnings per equity share in ?
	(Nominal value of share ?10 each)
	- Basic		29.61	28.50	21.16	58.15	40.96	90.34
	- Diluted		28.79	27.69	21.16	56.48	40.96	90.34
	13 Dividend per share (in ?)
	(Nominal value per share ? 10 each)
	Interim dividend		-	-	-	-	-	20.00
	Final dividend		--	--	--	--	--	11.0031.00
	Total dividend

Registered Office : Bhageerath, 402, Senapati Bapat Road, Pune 411016, India
Ph. No. +91(20)67030000; Fax +91(20)67030009; Email : info@persistent.com, 'www.persistent.com'. CIN L72300PN1990PLC056696

2,977.99	2,419.30	2,419.30
642.81	-	61.07
(4.56)	(3.46)	(1.70)
20.66	-	-
4,407.37	5,176.54	2,977.99
0.29	0.23	0.24
-	1.34	-
3,511.39	4,682.35	2,337.96
31.74	8.46	1.64
456.69	358.60	259.20
-	125.56	-
407.26	-	378.95
4,407.37	5,176.54	2,977.99

Of the cash and cash equivalent balance as at September 30, 2022, the Group can utilise ? 37.42 million (Corresponding period :? 170.21 million, Previous year: ? 35.75 million) only towards certain predefined activities specified in the agreement. ** The balance maintained in Escrow account will be released to selling shareholders on meeting specific conditions.

In Million

Sr.			Quarter ended			Half year ended	Year Ended
No.	Particulars			Sept. 30, 2022 June 30, 2022 Sept. 30, 2021 Sept. 30, 2022 Sept. 30, 2021			March 31, 2022
	1 Segment revenue
	- BFSI	6,636.10	6,344.44		4,141.95 12,980.54		7,933.98 18,063.65
	- Healthcare & Life Sciences	3,862.55	3,720.54	2,868.95	7,583.09	5,384.71	11,842.75
	- Software, Hi-Tech and Emerging Industries	9,987.76	8,716.13		6,501.59 18,703.89 12,493.06		27,201.06
	Total					20,486.41 18,781.11 13,512.49 39,267.52 25,811.75 57,107.46
	2 Less: Inter segment revenue3 Net sales/income from operations	-	-20,486.41 18,781.11 13,512.49	-	-39,267.52	-25,811.75	-57,107.46
	4 Segment results i.e. profit/ (loss) before tax,interest and depreciation and amortization
	- BFSI	2,327.64	2,269.28	1,564.97	4,596.92	2,913.22	6,184.33
	- Healthcare & Life Sciences	1,930.81	1,830.27	1,462.21	3,761.08	2,801.59	6,063.74
	- Software, Hi-Tech and EmergingIndustries	3,367.60	2,298.72	2,027.46	5,666.32	3,948.84	9,269.10
	Total					7,626.05 6,398.27 5,054.64 14,024.32 9,663.65 21,517.17
	5 Less:
	- Finance costs	111.08	78.83	20.94	189.91	43.56	118.35
	- Other un-allocable expenses	4,639.48	3,710.47	3,181.53	8,349.95		6,125.43 13,595.58
	6 Un-allocable income	80.55	209.78	324.15	290.33	712.18	1,439.55
	7 Profit before tax				2,956.04 2,818.75 2,176.32 5,774.79 4,206.84 9,242.79

Persistent Systems Limited

Registered Office : Bhageerath, 402, Senapati Bapat Road, Pune 411016, India Ph. No. +91(20)67030000; Fax +91(20)67030009; Email : info@persistent.com, 'www.persistent.com'. CIN L72300PN1990PLC056696

● CRISIL NOTE 'One nation, one fertiliser' plan to squeeze margins

In Million

							In Million
	Quarter ended					Half year ended
	Particulars	Sept. 30, 2022					Sept. June 30, 2022 30, 2021 Sept. 30, 2022 Sept. 30, 2021 March 31, 2022
	Revenue from operations (net)		12,247.66 11,020.76 8,469.85 23,268.42 16,118.19 35,754.80
	Profit before tax	2,332.58		2,310.96 2,078.90		4,643.54 4,288.77	9,120.61
	Profit after tax	1,751.05		1,748.79 1,523.95		3,499.84 3,184.90	6,858.66

Audited unconsolidated financial information

Segment wise Revenue, Results and Capital Employed

The operating segments are:

a. Banking, Financial Services and Insurance (BFSI)

b. Healthcare & Life Sciences

c. Software, Hi-Tech and Emerging Industries

	As at	As at	As at
Particulars	Sept. 30, 2022	Sept. 30, 2021	March 31, 2022
ASSETS
Non-current assets
Property, plant and equipment	3,300.14	2,785.17	2,917.67
Capital work-in-progress	1,164.01	7.57	1,071.20
Right of use assets	2,138.00	1,054.83	1,358.21
Goodwill	3,248.07	108.79	2,790.22
Other intangible assets	12,963.47	1,192.79	8,269.63
Financial assets
- Investments	4,438.64	3,871.73	3,877.72
- Loans	-	1,880.00	3,522.00
- Other non-current financial assets	672.48	225.49	340.74
Deferred tax assets (net)	1,265.70	1,065.25	1,122.72
Other non-current assets	1,252.42	1,513.36	531.61
Total non-current assets		30,442.93 13,704.98 25,801.72
Current assets
Financial assets
- Investments	2,086.50	3,144.89	4,346.91
- Trade receivables (net)	13,238.51	6,515.21	9,484.29
- Cash and cash equivalents	4,407.37	5,176.54	2,977.99
- Bank balances other than cash and cash equivalents	4,450.52	6,469.83	6,166.59
- Loans	-	-
- Other current financial assets	4,536.56	3,214.99	3,231.00
Current tax assets (net)	175.28	283.09	179.57
Other current assets	2,772.27	1,851.23	1,952.90
Total current assets		31,667.01 26,655.78 28,339.25
TOTAL ASSETS		62,109.94 40,360.76 54,140.97
EQUITY AND LIABILITIES
Equity
Equity share capital	764.25	764.25	764.25
Other equity	34,481.03	30,170.18	32,917.95
Total Equity		35,245.28 30,934.43 33,682.20
Liabilities
Non- current liabilities
Financial liabilities
- Borrowings	3,067.10	43.34	2,800.79
- Lease liabilities	1,570.47	897.95	1,114.29
- Other financial liabilities	2,436.43	-	2,088.60
Provisions	354.71	268.22	245.54
Total Non - current liabilities	7,428.71	1,209.51	6,249.22
Current liabilities
Financial liabilities
- Borrowings	2,274.73	1.85	1,524.56
- Lease liabilities	606.01	250.96	342.58
- Trade payables
- Total outstanding dues of micro and small enterprises	17.21	45.55	10.30
	5,818.97	3,434.33	4,288.41
- Total outstanding dues of creditors other than micro and small enterprises		167.82	2,173.60
- Other financial liabilities	4,357.60
Other current liabilities	2,348.31	1,698.57
Provisions	3,554.33	2,278.68
Current tax liabilities (net)	458.79	339.06	1,571.723,949.66348.72
Total current liabilities	19,435.95		8,216.82 14,209.55

Audited consolidated statement of assets and liabilities

UPMANYU TRIVEDI October 19

A DIAMOND AND jewelry tycoon who faces allegations of swindling 15 Indian lenders of more than $1 billion is fighting back against a worldwide freezeonhisassets in London court.

Lawyers for Jatin Mehta alleged in a court filing last week that the Indian unit of Standard Chartered and liquidation firm Grant Thornton

indulgedin a"sleight of hand" to get the May freezing order that is completely unjustified. Mehta is"as much the victims ofwhatoccurredastheconsortiumofbanks",saidleadlawyer AndrewHunter,whoisseeking to regain access to $932 million ofhisclient'sassets.

Mehta'sisamong themost high-profile bank fraud cases in India'sdiamondindustry.A series of fraud allegations in

thepastdecadehasleftan$8 billion holein India's banking system and led to multiple prosecutions and extradition efforts against tycoons who fled the country, including VijayMallya and NiravModi.

Mehta in 2013 falsely defaulted on over $1 billion in loans to his two companies, Winsome Diamonds and JewelleryandForeverPreciousDiamonds & Jewellery,leaving 15 Indian banks unpaid,lawyers for Grant Thornton said in court filings.He then allegedly laundered thecashviaaclutch offirmsacrosstheglobe,which wasin turnused to financethe expansion of his laboratorygrowndiamond business.

GrantThorntonis actingas liquidator for the companies, which were allegedly used by Mehta to laundermoney,and will return any money recoveredtotheIndianlenders,court filingssay. — BLOOMBERG

■ Jatin Mehta faces charges of swindling 15 lenders of more than $1 billion

■ Mehta is seeking to regain access to $932 million of his client's assets

■ Mehta's is among the most high-profile bank fraud cases in India's diamond industry

Diamond tycoon fights to unfreeze fortune after fraud claims

JATIN MEHTA

CASE FILE

FROM THE FRONT PAGE

CCI slaps `392-cr fine on OYO,

MakeMyTrip A SPOKESPERSON for Make-MyTripsaid that"theorderwill have a negative impact on the level of competition and growth of the ecommerce market in India". The firm hinted that the CCI order is appealable but did not specify ifitplans to fileanappeal."The

CCI'sorderisappealablebefore

the National Company Appellate Tribunal within 60 days. We will determine the future course of action as per the advice of our legal counsels," the spokesperson added.

MMT-Go is said to have enteredinto'priceparity'deals withitshotelpartnerswherein it demanded that price parity be maintained with regard to the prices charged by it on MMT and other online aggregators. A price parity agreement meant that the hotel mustofferthecheapestorlowest prices to MMT-Go when comparedwith the others.

Apart from the penalties which amount to around 5% of theaverageannual turnover of MMT-GO and OYO, the CCI alsodirected theinternet firms to alter their contract to remove all anti-competitive priceparityagreements.

The regulator had originally begun investigating MMT-GoandOYOin2019 following a complaint from the Federation of Hotel and Restaurant Associations of India (FHRAI), and a separate complaint filed by rival hotel

aggregators Treebo and Fab Hotelsin 2020.

"The Commission is of the view that, besides imposing monetary penalty,it is imperative to ensure an environment that supports fair competition amongst the OTAs as wellasamongst the franchisee service providers, which will ultimately benefit consumers and theindependent hotelsin thelong run,"the order said.

The CCI also took note of OYO exclusivity deal with MMT-Go, which is currently

considered India's largest online travel aggregator.After signing the exclusivity deal, MMT-Go then went on to delist its smaller competitor Treebo and FabHotels, essentially denying both players access to a large share of the market.

However, the CCI had earlier ordered MMT-Go to reinstate listings of hotel rooms belonging to Treebo and Fab-Hotels on its platform in March 2021 after the two hotel aggregator start-ups approached CCI with a complaint in February 2020.

With the penalties now applied to both OYO and MMT-Go, the CCI has put an end to the scuffle and has deemed OYO's arrangement with the aggregator illegal. "The Commission directs MMT-Go and OYO to deposit the respective penalty amounts as calculated above within a period of 60 days of receipt of the present order,in accordance with the provisions of the Act," the order added.

FE BUREAU Chennai, October 19

THE BOARD OF directors of Murugappa group-owned CG Powerand IndustrialSolutions has approved a proposal to expand the manufacturing capacityofmotorsatitsplants in Ahmednagar and Goa at a capital outlay of `230 crore. The proposed expansion would increase the capacity of low-tensionmotorup to19.92 lakh per annum, from the

existing capacity of 9.93lakh. The current capacity utilisation is around 80%. The expansion project will be implemented in two phases over a period of four years and will be funded through internal accruals.The expansion is being taken up in view of the expected increase in future

demand forACmotors.

The board has also approved the draft scheme of arrangement between the company and its shareholders for the re-organisation of cap-

ital,whereby it is proposed to transfer an amount of `400 crore from the credit balance lyingin general reserves to the retained earnings account,in order to offset the accumulated losses of the firm from the pastyearswith effect from the appointed date as mentionedin the draft scheme.

The scheme is subject to receipt of regulatory approvals or clearances from the NCLT, Mumbai bench, Sebi,BSE,NSE and such other approvals/ clearancesasmaybeapplicable.

CG Power and Industrial Solutions had gone through a turbulent phase — it had sufferedsubstantiallossesduring the past few years under the oldmanagement.

DuringFY21,thelenders to the company had received a binding offer from Tube Investmentsof IndiaofMurugappa group for resolving debts of the company and to infuse equitycapital.

CG Power planning capacity expansion of motors at `230 crore

PRESS TRUST OF INDIA Mumbai, October 19

THE NEW FERTILISER policy is going to adversely squeeze the margins of the manufacturers,warnsa report.Thegovernment recently announced the 'one nation, one fertiliser' scheme, under which all subsidised fertilisers will now be sold under the 'Bharat' brand across the country.

With this, the government intends to reduce the crisscross movement of fertilisers (urea, di-ammonium phosphate, and potash have fixed nutrient content as specified under the fertiliser control order and which does not change with brands) that will eventually help reduce freight subsidy bills and improve the

availability.

While the policy will have all-roundimpact,includingon farmers, distributors, manufacturers and the government itself, the maximum impact will be on the margins of the manufacturers, Crisil said in a note onWednesday.

The agency' interactions with farmers across suggest theyprefercertain brands,but overall, their brand loyalty is weak. In contrast, farmers don't switch brands easily when it comes to pesticides and seeds.Incase of fertilisers, farmers quicklygo foralternativesif theirpreferred brandis not available on time.

Distributors said certain fertiliser brands have built very strong trust with farmers, so implementation of the new scheme may be a chal-

lenge initially.

		एसएफ ०२-००१३९ सी. पूजा, एस ७, शुकवाणी पार्क, कोरेगांव पार्क, पुणे - ४११००१.
		एसएफ ०१–००००६ ले. क. रेन्ना भारद्वाज, ८, लिशा एन्क्लेय्ह, साळुंके विहार रोड,$q\bar{q} = 89908c$ .
Persistent	ठिकाण : पुणे	सही /
	दिनांक: १९/१०/२०२२	मुख्य व्यवस

सही / -मुख्य व्यवस्थापक

जाबक क्रमांक : धउआ/ सार्वजनिक न्यास नोंदणी कार्यालय पूर्णे विभाग, पूर्णे, दिनांक:

ंचौकशीची जाहीर नोटीस

चौकशी अर्ज क्रमांक :- ९८/२०१९

न्यासांचे नाव व नोंदणी क्रमांक :- कमल विष्णु जोग प्रतिष्ठान (ए- २९५२), पहिला मजला, प्रेस्टीज कॉर्नर, शैलेश सोसायटी, कर्वेनगर, पुणे – ४११०५२

सर्व संबंधीत लोकांना या जाहीर नोटीस अन्वये कळविणेत येते की. ज्वाअर्थी. (१) क. मधुरा राजेंद्र जोग. पुणे आणि (२) श्री राजेंद्र विष्णू जोग, पुणे यांनी (१) श्री सुर्धींद्र

श्रीनिवास कुलकर्णी, पुणे आणि (२) सौ. श्रीदेवी सुर्धीद्र कुलकर्णी, पुणे यांनी

१) कमल विष्णू जोग प्रतिष्ठान (E- २९५२), पहिला मजला, प्रेस्टीज कॉर्नर, शैलेश सोसायटी, कर्वेनगर, पूणे - ४११०५२

२) सृजाता कुलकर्णी मेमोरियल ट्रस्ट, पूर्ण (E- ६१६५),५६८, नारायण पेठ, केसरी बाडा, बैंक ऑफ महाराष्ट्र, नारायण पेठ शाखे शेजारी, पुणे ४११०३०.

सजाता कुलकर्णी मेमोरियल ट्रस्ट चे विलीनीकरण कमल विष्णु जोग प्रतिष्ठान या ट्रस्ट मध्ये करण्याचे असून सूजाता कुलकर्णी मेमोरियल ट्रस्ट चे विश्वस्त श्री. सुधींद्र श्रीनिवास कलकर्णी यांनी कमल विष्णू जोग प्रतिष्ठान मध्ये विश्वस्त म्हणून कायम करणे आहे.

ह्या दोन्ही न्यासांचे विलीनीकरण होऊन विलीनीकरणाची योजना मंजूर होण्यासाठी या कार्यालयाकडे अर्ज सादर केलेला असून, सदर अर्जाचे अनुषंगाने मा. धर्मादाय उप आयुक्त, पुणे विभाग, पुणे हे खालील मदद्यांबाबत चौकशी करणार आहेत.

(१) वर नमुद दोन्ही न्यासांचे विलीनीकरण करून योजना मंजूर करणेची आवश्यकता आहे काय ?

त्याअर्थी, सदरच्या चौकशी प्रकरणामध्ये कोणास काही हरकत घ्यावयाची असेल अगर पुरावा देणेचा असेल त्यांनी त्यांची लेखी कैफियत ही नोटीस प्रसिद्ध झालेल्या तारखेपासून ३० (तीस) दिवसांचे आत य कार्यालयास वरील पत्त्वावर मिळेल अशा रितीने पाठवावी. मदतीनंतर आलेल्या कैफियत/ हरकतींचा विचार केला जाणार नाही. तसेच वरील मदतीत कैफियत न आल्यास. कोणास काहीही सांगावयाचे नाही असे समजन चौकशी पूर्ण केली जाईल व अर्जाच्या निकालाबाबत योग्य ते आदेश निर्गमित करणेत येतील.

सदरची नोटीस माझे सहीनिशी व मा. धर्मादाय उप आयुक्त, पुणे विभाग, पुणे बांचे शिक्तवानिशी आज

Registered Office : Bhageerath, 402, Senapati Bapat Road, Pune 411016, India Ph. No. +91(20)67030000; Fax +91(20)67030009; Email: info@persistent.com, 'www.persistent.com', CIN L72300PN1990PLC056696

Ing Million

Audited consolidated financial results of Persistent Systems Limited for the quarter and half year ended September 30, 2022

Sr.				Quarter ended			Half year ended	Year ended
No.	Particulars		Sept 30, 2022					June 30, 2022 Sept 30, 2021 Sept 30, 2022 Sept 30, 2021 March 31, 2022
	Income
	Revenue from operations (net)		20,486.41	18,781.11	13,512.49	39,267.52	25,811.75	57,107.46
23	Other incomeTotal income		80.55	209.7820,566.96 18,990.89	324.15	290.33	712.1826,523.93	1,439.55
4		$(1+2)$			13,836.64	39,557.85		58,547.01
	Expenses- Employee benefits expense		12,371.20	11,106.69	8,092.37	23,477.89	15,416.06	34,593.10
	- Cost of professionals		2,638.00	2,602.82	1,999.54	5,240.82	3,803.79	7,974.18
	- Finance costs		111.08	78.83	20.94	189.91	43.56	118.35
	- Depreciation and amortization expense		693.07	645.12	370.83	1,338.19	720.92	1,660.12
	- Other expenses		1,797.57	1,738.68	1,176.64	3,536.25	2,332.76	4,958.47
	Total Expenses			17,610.92 16,172.14		11,660.32 33,783.06	22,317.09	49,304.22
	Profit before tax	$(3-4)$	2,956.04	2,818.75	2,176.32	5,774.79	4,206.84	9,242.79
6	Tax expense
	- Current tax		727.28	693.45	538.63	1,420.73	1,085.99	2,322.85
	- Tax charge in respect of		7.31		(3.88)	7.31	(17.61)	42.57
	earlier periods / years
	- Deferred tax charge / (credit)		21.31	9.18	24.04	30.49	8.45	(26.49)
	Total tax expense		755.90	702.63	558.79	1,458.53	1,076.83	2,338.93
7	Profit for the period / year	$(5-6)$	2,200.14	2,116.12	1,617.53	4,316.26	3,130.01	6,903.86
$\mathbf{R}$	Other comprehensive income
	A. Items that will not be reclassifiedto profit and loss
	- Remeasurements of the defined benefitliabilities / asset		(23.95)	68.31	(51.50)	44.36	(132.96)	(248.05)
	- Income tax effect on above		5.75	(16.11)	13.13	(10.36)	32,87	64.18
			(18.20)	52.20	(38.37)	34.00	(100.09)	(183.87)
	B. Items that may be reclassified toprofit and loss
	- Effective portion of cash flow hedge		(178.81)	(284.03)	29.55	(462.84)	(97.54)	(130.49)
	- Income tax effect on above		45.01	71.48	(7.44)	116.49	24.55	32.84
	- Exchange differences in translating the		308.50	156.00	(13.58)	464.50	114.73	138.96
	financial statements of foreign operations
			174.70	(56.55)	8.53	118.15	41.74	41.31
	Total other comprehensive income	$(A+B)$	156.50	(4.35)	(29.84)	152.15	(58.35)	(142.56)
9	for the period / yearTotal comprehensive income for theperiod / year (Comprising Profit /	$(7+8)$	2,356.64	2,111.77	1,587.69	4,468.41	3,071.66	6,761.30
	(Loss) and Other ComprehensiveIncome for the period / year)
10	Paid-up equity share capital		764.25	764.25	764.25	764.25	764.25	764.25
11	(Face value of share ₹ 10 each)Other equity excluding revaluation reserves							32,917.95
12	Earnings per equity share in $\bar{\tau}$
	(Nominal value of share ₹10 each)
	- Basic		29.61	28.50	21.16	58.15	40,96	90.34
	- Diluted		28.79	27.69	21.16	56.48	40.96	90.34
13 1	Dividend per share (in $\bar{x}$ )
	(Nominal value per share ₹ 10 each)
	Interim dividend		32	ä		ä,	۰.	20.00
	Final dividend		۰	$\overline{\phantom{a}}$	×	۰		11.00
	Total dividend		۰	×.	٠	۰	٠	31.00

			In ? Million
Segment assets	As at
	Sept. 30, 2022		Sept. 30, 2021 March 31, 2022
- BFSI	4,423.03	2,371.03	2,570.89
- Healthcare & Life Sciences	3,163.45	1,998.85	2,274.57
- Software, Hi-Tech and Emerging Industries	10,172.49	5,199.29	7,769.14
Total allocable segment assets	17,758.97	9,569.17	12,614.60
Unallocable assets	44,350.97	30,791.59	41,526.37
Total assets	62,109.94	40,360.76	54,140.97

Note for segment wise information:

Operating segments are components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision makers, in deciding how to allocate resources and assessing performance. The Group's chief operating decision makers are the Chief Executive Officer and Chairman & Managing Director.

Segment wise capital employed

Segregation of assets (other than trade receivables and unbilled revenue), liabilities, depreciation and amortization and other non-cash expenses into various reportable segments have not been presented as the assets and liabilities are used interchangeably among segments and the Group is of the view that it is not practical to reasonably allocate the other assets, liabilities and other non-cash expenses to individual segments and an ad-hoc allocation will not be meaningful

Notes:

1 The audited condensed interim consolidated financial statements for the quarter and half year ended September 30, 2022, have been taken on record by the Board of Directors at its meeting held on October 19, 2022 as recommended by the Audit Committee at its meeting held on October 18, 2022. The statutory auditors have expressed an unqualified audit opinion. The information presented above is extracted from the audited condensed interim consolidated financial statements.

2 The above consolidated financial results have been prepared from the condensed interim consolidated financial statements, which are prepared in accordance with Indian Accounting Standards ("Ind AS"), the provisions of the Companies Act, 2013 ("the Companies Act"), as applicable and quidelines issued by the Securities and Exchange Board of India ("SEBI"). The Ind AS are prescribed under Section 133 of the Companies Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and amendments issued thereafter. All amounts included in the consolidated financial results (including notes) are reported in millions of Indian rupees ( in ₹ millions) except share and per share data, unless otherwise stated. 3 The Members of the Company at the Thirty-Second Annual General Meeting held on July 19, 2022, approved payment of the Final Dividend of ₹11 per Equity Share for FY 2021-22 ('Final Dividend'). Accordingly, an amount of ₹840.35 million was paid towards the Final Dividend as of September 30, 2022, out of the total dividend amount of ₹840.68 million. The remaining amount of ₹0.33 million is unclaimed and the Company will make due efforts to pay the same to the respective Shareholders.

4 In accordance with para 4 of Notified Indian Accounting Standard 108 (Ind AS-108) "Operating Segments", the Company has disclosed segment information only on the basis of consolidated financial results.

5 The investors are requested to visit the following website of the Company and Stock Exchanges for further details: · Company's website : https://www.persistent.com/investors

· BSE Ltd: www.bseindia.com

· National Stock Exchange of India Ltd.: www.nseindia.com

CONDENSED INTERIM CONSOLIDATED CASH FLOW STATEMENT FOR THE HALF YEAR ENDED SEPTEMBER 30, 2022

			Particulars
is.					Sept. 30, 2022	Sept. 30, 2021	March 31, 2022
		Int Million	Cash flow from operating activities
	As at	As at	Profit before tax		5,774.79	4,206.84	9,242.79
	2022 Sept. 30, 2021	March 31, 2022	Adjustments for:
			Interest income		(222.73)	(254.60)	(600.22)
			Finance costsDepreciation and amortization expense		189.911,338.19	43.56720.92	118.351,660.12
			Unrealised exchange loss/ (gain) (net)		(10.02)	(18.56)	(25.92)
.14	2,785.17	2,917.67	Change in foreign currency translation reserve		(153.42)	66.62	305.64
01	7.57	1,071.20	Exchange (gain) / loss on derivative contracts		133.98	57.87	79.38
3.00	1,054.83	1,358.21	Exchange loss / (gain) on translation of foreign currency cash		4.56	3.46	1.70
3.07	108.79	2,790.22	and cash equivalents				65.27
3.47	1,192.79	8,269.63	Bad debts
			(Reversal) / Allowance for expected credit loss (net)		31.01	(27.36)	(105.06)
3.64	3,871.73	3,877.72	Employee stock compensation expenses		695.81	364.80	950.23
	1,880.00	3,522.00	Loss / Impairment of non current investmentsProvision for diminution in value of non-current investments.			147.68	148.40
2.48	225.49	340.74	Remeasurements of the defined benefit liabilities / asset (before tax effects)		34.00	(132.97)	(183.87)
5.70	1,065.25	1,122.72	Excess provision in respect of earlier years written back		(9.35)	(32.55)	(66.00)
2.42	1,513.36	531.61	Profit on sale/ fair valuation of financial assets designated as FVTPL		(56.18)	(233.58)	(354.30)
.93	13,704.98	25,801.72	Profit on sale of property, plant and equipment (net)		(0.11)	(4.72)	(12.45)
			Operating profit before working capital changes		7,750.44	4,907.41	11,224.06
			Movements in working capital :
5.50	3,144.89	4,346.91	Decrease / (Increase) in non-current and current loans		1.83	(0.11)	5.69
3.51	6,515.21	9,484.29	Increase in other non current assets		(150.40)	(109.05)	(147.89)
7.37	5,176.54	2,977.99	Increase in other current financial assets(Increase) / Decrease in other current assets		(1,076.24)(801.08)	(881.19)232.49	(869.22)146.71
1.52	6,469.83	6,166.59	Increase in trade receivables.		(2,691.07)	(749.25)	(3,508.56)
			Increase in trade payables, current liabilities and non current liabilities		2,319.72	1,318.68	2,489.72
5.56	3,214.99	3,231.00	(Decrease) / Increase in provisions		(286.16)	(171.83)	1,476.47
5.28	283.09	179.57	Operating profit after working capital changes		5,067.04	4,547.15	10,816.98
27	1,851.23	1,952.9028,339.25	Direct taxes paid (net of refunds)		(1, 285.14)	(1, 150.38)	(2, 367.12)
.01	26,655.78		Net cash generated from operating activities	(A)	3,781.90	3,396.77	8,449.86
.94	40,360.76	54,140.97	Cash flows from investing activities
			Payment towards capital expenditure (including intangible assets,		(2,832,38)	(2,325.90)	(3,853.97)
.25	764.25	764.25	capital advances and capital creditors)Proceeds from sale of property, plant and equipment		3.19		46.02
	30,170.18	32,917.95	Acquisition of step-down subsidiaries/businesses including cash and cash		(3, 914.07)	15.21	(6, 154.02)
1.03.28	30,934.43		equivalents: ₹ 642.81 Million (Corresponding period: Nil / Previous
		33,682.20	year ₹ 61.07 million)
			Purchase of bonds		(62.97)	(562.62)	(711.90)
			Proceeds from sale/ maturity of bonds		31.49	239.35	499.95
			Investments in mutual funds		(18,060.60)	(15, 686.10)	(33, 456, 80)
7.10	43.34	2,800.79	Proceeds from sale / maturity of mutual funds		20,366.55	19,127.50	35,762.24
1.47	897.95	1,114.29	Proceeds from maturity of bank deposits having original maturity		1,580.86	740.08	1,121.92
5,431.71		2,088.60245.54	over three months
	268.22	6,249.22	Investments in deposits with financial institutionsInvestment in common / preferred stocks		(200.00)		(100.00)(123.61)
.71	1,209.51		Loan to ESOP Trust			(1,880.00)	(3,522.00)
			Interest received		288.78	368.05	718.74
1.73	1.85	1,524.56	Net cash (used in) /generated from investing activities	(B)	(2,799.15)	35.57	(9,773.43)
	250.96	342.58	Cash flows from financing activities
5.01			Repayment of long term borrowings in Indian rupee		(1.86)	(1.85)	(1.84)
			Net proceeds from foreign currency long term borrowings		1,018.42		4,280.99
7.213.97	45.553,434.33	10.304,288.41	Payment of lease liabilities		(198.70)	(167.57)	(350.83)
7.60	167.82	2,173.60	Interest paid		(189.99)	(43.67)	(118.38)
3.31	1,698.57	1,571.72	Dividends paidNet cash (used in) /generated from financing activities		(840.15)(212.28)	(458.55)(671.64)	(1,987.05)1,822.89
1.33	2,278.68	3,949.66		(C)	770.47	2,760.70	499.32
3.79	339.06	348.72	Net increase in cash and cash equivalents $(A + B + C)$Cash and cash equivalents at the beginning of the year		2,977.99	2,419.30	2,419.30
.95	8,216.82	14,209.55	Cash and cash equivalents acquired on acquisition		642.81		61.07
.94	40,360.76	54,140.97	Effect of exchange difference on translation of foreign		(4.56)	(3.46)	(1.70)
			currency cash and cash equivalents		20.66
			Impact of ESOP Trust consolidation
			Cash and cash equivalents at the end of the year		4,407.37	5,176.54	2,977.99
		In ₹ Million	Components of cash and cash equivalents
	Half year ended	Year ended	Cash on hand		0.29	0.23	0.24
			Cheques on hand			1.34
30, 2022		Sept. 30, 2021 March 31, 2022	Balances with banks
268.42	16,118.19	35,754.80	On current accounts #		3,511.39	4,682.35	2,337.96
543.54	4,288.77	9,120.61	On saving accounts		31.74	8.46	1.64
199.84	3,184.90	6,858.66	On exchange earner's foreign currency accounts		456.69	358.60	259.20
			On deposit accounts with original maturity less than three months			125.56
ed			On Escrow accounts**		407.26		378.95
			Cash and cash equivalents		4,407.37	5,176.54	2,977.99

दिनांक: / /२०२२ रोजी दिली सही/-अधीक्षक (न्याय) क्सिल सार्वजनिक न्यास नोंदणी कार्यालय,पणे

नगरपरिषद कार्यालय, चिखली जि. बुलडाणा

ई-निविदा सूचना/२०२२-२०२३

जा.क्र.साबावि/नपचि/३९१९/२०२२

In ? Million

For the half year ended For the year ended

दिनांक-१९/१०/२०२२

अ) विशिष्ट नागरी सेवा व सुविधा योजने अंतर्गत कामे:-मुख्याधिकारी, नगरपरिषद चिखली यांचे वतीने योग्य त्या वर्गातील इच्छुक नोंदणीकृत कंत्राटदारांकडून विविध प्रभागात एकूण ०९ ठिकाणी रस्ते काँक्रेटींग, नाल्या बांधकाम, विकसीत व सौंदर्यीकरण करणे या प्रस्तावित कामांकरिता संगणकीय ई-निविदा प्रणालीद्वारे (ऑनलाईन) निविदा मार्गविण्यात येत आहेत.

सदर प्रस्तावित कामांचा ई-निविदेचा कोरा नमुना http://www.mahatenders.gov.in या संकेतस्थळावर दिनांक २०/१०/२०२२ रोजी दुपारी १५.०० वाजेपासून दिनांक ०३/११/२०२२ रोजी दुपारी १७.३० वाजेपर्यंत उपलब्ध राहणार असून परीपूर्णरित्या भरलेल्या ई-निविदा दिनांक ०३/११/२०२२ रोजी दुपारी १७.३० वाजेपर्यंत व त्यापूर्वी स्वीकारण्यात येणार आहेत. तसेच प्राप्त ई-निविदा दिनांक ०५/११/२०२२ चे सकाळी ११.०० वाजेनंतर नगरपरिषद कार्यालयात उघडण्यात येणार आहेत. सदर ई-निविदा सूचनेबाबतचा सविस्तर तपशिल, शर्ती, अटी व नियम उपरोक्त विहित केलेल्या कालावधीमध्ये http://www.mahatenders.gov.in या संकेतस्थळावर पहावयास उपलब्ध राहणार असून त्यानुसार ईच्छुक ई-निविदाकारांनी आपली ई-निविदा प्रक्रिया पूर्ण करावी.

स्वा/-(श्री. आकाश सुरडकर) मुख्याधिकारी नगरपरिषद चिखली

	फॉर्मने. ३
	[रेग्युलेशन-१५ (१) (ए) पाहा)]⁄ १६(३)
	ॠण वसुली न्यायाधिकरण पुणे
	युनिट नं. ३०७ ते ३१०, तिसरा मजला, काकडे बीझ आयकॉन बिल्डिंग,शिवाजी नगर, पुणे-४११००५
	प्रकरण क्र. : ओए/६०१/२०२१
	ॠण वसूली न्यायाधिकरण (प्रक्रिया) नियम, १९९३च्या नियम ५ च्या पोट-नियम
	( २ए ) यासह वाचलेल्या कायद्याच्या कलम १९च्या पोट-कलम ( ४ ) अंतर्गत समन्स.
	एक्स. नं. : ४१२३येस बँक
	विरुद्ध
	नील मोटर्स एलएलपी
प्रति.
	( १ ) नील मोटर्स एलएलपी
	सर्व्हे नं. ८०/२/५, ४.३, जयमल बिझीनेस सेंटर, ई-विंग, मंजरी बुद्रूक, पुणे-४१२३०७, महाराष्ट्र.
	( २ ) श्री. अक्षय सुनिल शाह
	सर्व्हे नं. ८०/२/५, ४.३, जयमल बिझीनेस सेंटर, ई–विंग, मंजरी बुद्रुक, पुणे–४१२३०७, महाराष्ट्र.

Audited consolidated statement of assets and liabilitie

			Int Milion
Particulars	As at	As at	As at
	Sept. 30, 2022	Sept. 30, 2021	March 31, 2022
ASSETS
Non-current assets
Property, plant and equipment	3,300.14	2,785.17	2,917.67
Capital work-in-progress	1,164.01	7.57	1,071.20
Right of use assets	2,138.00	1,054.83	1,358.21
Goodwill	3,248.07	108.79	2,790.22
Other intangible assets	12,963.47	1,192.79	8,269.63
Financial assets
- Investments	4,438.64	3,871.73	3,877.72
- Loans		1,880.00	3,522.00
- Other non-current financial assets	672.48	225.49	340.74
Deferred tax assets (net)	1,265.70	1,065.25	1,122.72
Other non-current assets	1,252.42	1,513.36	531.61
Total non-current assets	30,442.93	13,704.98	25,801.72
Current assets
Financial assets
- Investments	2,086.50	3,144.89	4,346.91
- Trade receivables (net)- Cash and cash equivalents	13,238.514,407.37	6,515.215,176.54	9,484.292,977.99
- Bank balances other than cash and cash equivalents
	4,450.52	6,469.83	6,166.59
- Loans
- Other current financial assets	4,536.56	3,214.99	3,231.00
Current tax assets (net)	175.28	283.09	179.57
Other current assets	2,772.27	1,851.23	1,952.90
Total current assets	31,667.01	26,655.78	28,339.25
TOTAL ASSETS	62,109.94	40,360.76	54,140.97
EQUITY AND LIABILITIES
Equity
Equity share capital	764.25	764.25	764.25
Other equity	34,481.03	30,170.18	32,917.95
Total Equity	35,245.28	30,934.43	33,682.20
Liabilities
Non-current liabilities
Financial liabilities
- Borrowings	3,067.10	43.34	2,800.79
- Lease liabilities	1,570.47	897.95	1,114.29
- Other financial liabilities	2,436.43		2,088.60
Provisions	354.71	268.22	245.54
Total Non - current liabilities	7,428.71	1,209.51	6,249.22
Current liabilities
Financial liabilities
- Borrowings	2,274.73	1.85	1,524.56
- Lease liabilities	606.01	250.96	342.58
- Trade payables
- Total outstanding dues of micro and small enterprises	17.21	45.55	10.30
- Total outstanding dues of creditors other than micro and small enterprises	5,818.97	3,434.33	4,288.41
- Other financial liabilities	4,357.60	167.82	2,173.60
	2,348.31	1,698.57	1,571.72
Other current liabilities
Provisions	3,554.33	2,278.68
Current tax liabilities (net)Total current liabilities	458.7919,435.95	339.068,216.82	3,949.66348.7214,209.55

Audited unconsolidated financial information

	Ouarter ended	Half year ended	Year ended
Particulars						Sept. 30, 2022 June 30, 2022 Sept. 30, 2021 Sept. 30, 2022 Sept. 30, 2021 March 31, 2022
Revenue from operations (net)		12,247.66 11,020.76	8,469.85	23,268.42	16,118,19	35,754,80
Profit before tax	2,332.58	2,310.96	2,078.90	4,643.54	4,288.77	9,120.61
Profit after tax	1,751.05	1,748.79	1,523.95	3,499.84	3.184.90	6,858.66

Segment wise Revenue, Results and Capital Employ

The operating segments are:

a. Banking, Financial Services and Insurance (BFSI)

b. Healthcare & Life Sciences

c. Software, Hi-Tech and Emerging Industries

Sr.			Quarter ended			Half year ended	Year Ended
No.	Particulars	Sept. 30, 2022	June 30, 2022	Sept. 30, 2021	Sept. 30, 2022	Sept. 30, 2021	March 31, 2022
1	Segment revenue
	$-$ BEST	6,636.10	6,344.44	4,141.95	12,980.54	7,933.98	18,063.65
	- Healthcare & Life Sciences	3,862.55	3,720.54	2,868.95	7,583.09	5,384.71	11,842.75
	- Software, Hi-Tech and Emerging Industries	9,987.76	8,716.13	6,501.59	18,703.89	12,493.06	27,201.06
	Total	20,486.41	18,781.11	13,512.49	39,267.52	25,811.75	57,107.46
2з	Less: Inter segment revenueNet sales/income from operations	20,486.41	18,781.11	13,512.49	39,267.52	25,811.75	57,107.46
4	Segment results i.e. profit/ (loss) before tax,interest and depreciation and amortization
	- BFSI	2,327.64	2,269.28	1,564.97	4,596.92	2,913.22	6,184.33
	- Healthcare & Life Sciences	1,930.81	1,830.27	1,462.21	3,761.08	2,801.59	6,063.74
	- Software, Hi-Tech and Emerging Industries	3,367.60	2,298.72	2,027.46	5,666.32	3,948.84	9,269.10
	Total	7,626.05	6,398.27	5,054.64	14,024.32	9,663.65	21,517.17
5	Less:
	- Finance costs	111.08	78.83	20.94	189.91	43.56	118.35
	- Other un-allocable expenses	4,639.48	3,710.47	3,181.53	8,349.95	6,125.43	13,595.58
6	Un-allocable income	80.55	209.78	324.15	290.33	712.18	1,439.55
7	Profit before tax	2,956.04	2,818.75	2,176.32	5,774.79	4,206.84	9,242.79

Of the cash and cash equivalent balance as at September 30, 2022, the Group can utilise ₹ 37.42 million (Corresponding period:₹170.21 million, Previous year: ₹35.75 million) only towards certain predefined activities specified in the agreement. ** The balance maintained in Escrow account will be released to selling shareholders on meeting specific conditions.

By order of Board of Directors of Persistent Systems Limited

Dr. Anand Deshpande Chairman and Managing Director

सव्हे $(3)$ (३) श्री. सुनिल सरोजभाई शाह (४) श्री. कुशल सुनिल शाह (५) श्रीमती इशा अक्षय शाह २७/०९/२०२२ रोजी सूचीबद्ध झाले होते. कलम १९(४) अंतर्गत उक्त अर्जावर समन्स/ नोटीस जारी केलेली आहे. निदेशीत करण्यात आले आहे:- $5,1/6.54$ $2,911.99$ कारण दाखवा

प्रति

सर्व्हें नं. ८०/२/५, ४.३, जयमल विझीनेस सेंटर, ई-विंग, मंजरी बुद्रूक, पुणे-४१२३०७, महाराष्ट्र.

सर्व्हें नं. ८०/२/५, ४.३, जयमल बिझीनेस सेंटर, ई-विंग, मंजरी बुद्रूक, पुणे-४१२३०७, महाराष्ट्र.

सर्व्हे नं. ८०/२/५, ४.३, जयमल बिझीनेस सेंटर, ई-विंग, मंजरी बुद्रुक, पुणे-४१२३०७, महाराष्ट्र.

समन्स

ज्याअर्थी, प्रकरण ओए/६०१/२०२१ माननीय पीठासीन अधिकारी/ रजिस्ट्रार यांच्या समोर

ज्याअर्थी या माननीय न्यायाधिकरणाने रू. ३५२६४६४.६३/-च्या (जोडलेल्या कागदपत्रांच्या प्रती, इ. सह अर्ज) ॠर्णाच्या वसुलीकरिता तुमच्या विरोधात फाईल केलेला (ओए), कायद्याच्या

कायद्याच्या कलम १९च्या पोट-कलम (४)च्या अनुसार, तुम्हास, प्रतिवादीना खालीलप्रमाणे

( १ ) विनंतीअर्जास का मंजूरी देण्यात येवू नये याकरिता समन्स सेवेच्या तीस दिवसांच्या आत

( २ ) मूळ अर्जाच्या अनु क्रमांक ३ए अंतर्गत अर्जदाराद्वारा विनिर्दिष्ट केलेल्या मालमत्ता किंवा मत्तेखेरीज अन्य मालमत्तेचा तपशील जाहीर करणे:

(३) तुम्हास मूळ अर्जाच्या अनु क्रमांक ३ए अंतर्गत मालमतेशी व्यवहार किंवा सुरक्षित मत्तेची किंवा सदर अन्य मत्तेची वासलात लावणे किंवा मालमत्ता जाहीर करणे, प्रलंबित सुनावणी आणि मालमत्तेच्या जप्तीकरिता अर्ज निकालात काढणे यापासून प्रतिबंधत करण्यात आले आहेत:

(४) तुम्हास न्यायाधिकरणाच्या पूर्व-समंत्तीशिवाय मूळ अर्जाच्या अनु क्रमांक ३ए अंतर्गत मालमत्तेची विक्रि, भाडेपड़ा किंवा अन्य कोणत्याही तन्हेने, मत्तेच्या कोणत्याही त्याच्या सामान्य व्यवसायाखेरिज, ज्याकरिता सुरक्षा हिताची निर्मिती करण्यात आली आहे आणि/ किंवा अन्य मत्ता व विनिर्दिष्ट मालमत्तेचे हस्तांतरण किंवा वासलात लावता येणार नाही.

(५) तम्ही सामान्य व्यवसायातील सुरक्षित मत्ता किंवा अन्य मत्ता आणि मालमत्तेच्या विक्रिद्वारा पूर्तता होत असलेल्या विक्रि प्रक्रियेकरिता पात्र असणार आहात आणि सदर प्रक्रियेमार्फत निघालेली रक्कम सदर मत्तेची सुरक्षा हित असलेल्या बँक किंवा वित्तिय संस्थाकडे असलेल्या खात्यात जमा करू शकाल.

तम्हास अर्जादाराकरिता सादर केलेल्या त्याकरिता एका प्रतीसमवेत लेखी विवरण फाईल करण्यास आणि ०१/०३/२०२३ रोजी स. १०:३० वा रजिस्टारच्या समोर हजर राहण्यास सुद्धा निदेशीत करण्यात आले आहे, त्यास असमर्थ ठरल्यास तुमच्या अनुपस्थितीत अर्जाची सुनावणी करण्यात येईल व निर्णय घेतला जाईल.

आज दिनांकित १३/१०/२०२२ रोजी माझ्या हस्ते आणि या न्यायाधिकरणाच्या मोहोरनिशी दिलेले

नोंद: जे लागुन नसेल ते खोडून टाका

समन्सच्या निर्गमनाकरिता प्राधिकृत अधिकारीची स्वाक्षरी.

Pune October 19, 2022

To FAULUO

For risks and uncertainties relating to forward-looking statements, please visit our website :- www.persistent.com