Persistent Systems Limited — Declaration of Voting Results & Voting Rights Announcements 2022

Jul 19, 2022

==> picture [107 x 25] intentionally omitted <==

NSE & BSE / 2022-23 / 70 July 19, 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: Proceedings of the 32[nd] Annual General Meeting held on Tuesday, July 19, 2022, at Persistent Systems Limited, Dewang Mehta Auditorium, ‘Bhageerath’, 402 Senapati Bapat Road, Pune 411 016, India in-person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) to transact the business, as set out in the Notice of the AGM.

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 32[nd] Annual General Meeting (AGM) of the Company was held on Tuesday, July 19, 2022, at Persistent Systems Limited, Dewang Mehta Auditorium, ‘Bhageerath’, 402 Senapati Bapat Road, Pune 411 016, India in-person and through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) to transact the business, as set out in the Notice of the AGM.

The meeting commenced at 4:00 PM (IST) and concluded at 6:20 PM (IST) (including the time allowed for e-voting at AGM).

For the said AGM, the following 3 (Three) 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 Saturday, July 16, 2022, at 12.01 A.M. IST to Monday, July 18, 2022, till 5.00 P.M. IST;

2. Physical Ballot Paper voting at the AGM; and

3. E-voting at the time of the AGM till 6.20 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 of the Company for the Financial Year ended March 31, 2022, Reports of the Board of Directors and Auditors thereon;

2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022;

3. To confirm the payment of the Interim Dividend of ₹ 20 per equity share of ₹ 10 each and to approve the payment of a Final Dividend of ₹ 11 per equity share of ₹ 10 each recommended for the Financial Year 2021-22;

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

==> picture [107 x 25] intentionally omitted <==

1. To resolve not to fill the vacancy caused by the retirement of Mr. Thomas Kendra, California, USA (DIN: 07406678), Non-Executive Non-Independent Director, who retires by rotation, but does not seek reappointment;

Special Businesses:

1. To appoint Ms. Avani Davda, Mumbai, India (DIN: 07504739) as an Independent Director of the Company, not liable to retire by rotation, to hold office for the first term of 5 (Five) consecutive years i.e. from December 28, 2021, to December 27, 2026;

2. To appoint Mr. Arvind Goel, Pune, India (DIN: 02300813) as an Independent Director of the Company, not liable to retire by rotation, to hold office for the first term of 5 (Five) consecutive years i.e. from June 7, 2022, to June 6, 2027;

3. To appoint Dr. Ambuj Goyal, New York, USA (DIN: 09631525) as an Independent Director of the Company, not liable to retire by rotation, to hold office for the first term of 5 (Five consecutive years i.e. from June 7, 2022, to June 6, 2027;

4. To appoint Mr. Dan’l Lewin, California, USA (DIN: 09631526) as an Independent Director of the Company, not liable to retire by rotation, to hold office for the first term of 5 (Five) consecutive years i.e. from June 10, 2022, to June 9, 2027; and

5. To appoint Mr. Sandeep Kalra, New Jersey, USA and Pune, India (DIN: 02506494) as an Executive Director of the Company liable to retire by rotation, to hold the office with effect from June 11, 2022, till September 30, 2025, subject to the approval of the Central Government.

The Scrutinizer will submit the consolidated report on the remote e-Voting,e-Voting at the time of the AGM and voting through ballot paper to the Company by Thursday, July 21, 2022.

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

Subject to receipt of the requisite number of votes, the Resolutions shall be deemed to be passed on the date of this Meeting i.e. Tuesday, July 19, 2022.

This is for your information and records.

Please acknowledge the receipt.

Thanking you,

Yours Sincerely, For Persistent Systems Limited

Digitally signed by AMIT MURARI AMIT MURARI ATRE ATRE Date: 2022.07.19 18:28:47 +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