PERSISTENT : APPROVES RS 1000 CR DEBT ISSUE FOR NAGARRO ACQUISITION

• Special Committee approved terms of Non-Convertible Debenture issuance up to ₹8,000 Cr via private placement (up to 8,00,000 NCDs) • Approved Commercial Paper issuance up to ₹1,000 Cr (up to 20,000 CPs), tenure up to 1 year, unsecured • Fund raise is part of long-term debt financing in relation to the acquisition of Nagarro SE • NCDs and CPs to be listed on the National Stock Exchange of India • Members' approval obtained at the EGM held on October 5, 2026; Committee approved terms on October 16, 2026

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