PERSISTENT : RAISES RS 725 CR VIA NCD ISSUE AT 8.95% COUPON

• Allotted 700,000 INR-denominated senior, rated, listed, redeemable NCDs of face value ₹1 lakh each, aggregating ₹7,000 Cr, on private placement basis • Coupon 8.95% per annum across six series with tenors of 2 to 5 years, maturing November 2028 to November 2031 • Series sizes: ₹1,500 Cr each for 2028 and 2029, ₹1,250 Cr each for 2030 and 2031 (Series 3 and 4), ₹725 Cr (Series 5) and ₹775 Cr (Series 6) • Series 1, 2, 5 and 6 secured, including pledge over 100% shares of Galaxy Germany Holding SE (Bidco) and over Nagarro SE shares held by Bidco pre and post merger; Series 3 and 4 are unsecured • NCDs to be listed on NSE; allotment date November 4, 2026 Impact: Neutral (Large ₹7,000 Cr debt raise at 8.95% adds leverage, with security tied to the Bidco-Nagarro merger structure)

Persistent Systems Limited

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