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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Persistent Systems Ltd

Persistent Systems Allots INR 70 Billion in Non-Convertible Debentures

FUNDRAISE ▲ Positive Development LOW RISK
📅 Filed on BSE: 04 Nov 2026, 03:00 PM IST  ·  BSE ID: 9def2f80-68a4-4981-875d-5bab9b24ccef
View Original BSE Filing (PDF)
💡
In Simple Terms
Persistent Systems raised INR 70 billion by issuing new debt instruments called debentures with an 8.95% interest rate.
🤖 AI Summary
  • Persistent Systems allots INR 70 billion via Non-Convertible Debentures on private placement.
  • The NCDs carry a coupon rate of 8.95% per annum with a two-year tenor.
  • Allotment includes 700,000 NCDs with a face value of INR 0.10 million each.
  • The Special Committee of the Board approved the NCD allotment on November 4, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total amount raised via NCDs
INR 70 billion
Number of NCDs allotted
700,000
Face value per NCD
INR 0.10 million
Coupon/interest rate
8.95% per annum
Tenure of the instrument
2 years
Date of Allotment
4 November 2026
Date of Maturity
4 November 2028
🏢 How This Affects the Company
💰
Financial Impact
The issuance of INR 70 billion in NCDs increases the company's debt obligations. This funding will support its financial activities, but also entails interest servicing costs.
⚠️
Risk Impact
The company has secured long-term funding, which can reduce immediate liquidity concerns. However, the debt issuance adds to its financial leverage.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this Non-Convertible Debenture allotment.
👤
Who Is Affected
This issuance affects the company's capital structure by increasing its debt. It does not directly impact existing equity shareholders' holdings.
🔍
Management Signal
The decision signals management's intent to leverage debt markets for fundraising to support business operations and growth initiatives.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Future financial results to assess debt servicing capacity.
Company announcements regarding the utilization of funds raised.
Interest rate movements impacting future borrowing costs.
LOW RISK The filing is a routine debt issuance disclosure with clear terms and no immediate adverse implications.
💡 Investor Takeaway
Persistent Systems Limited has successfully allotted INR 70 billion in Non-Convertible Debentures with an 8.95% coupon rate, maturing on November 4, 2028, enhancing its financial resources.
⚖️ Strengths & Concerns

✅ Positives

  • Successful completion of a INR 70 billion Non-Convertible Debenture issuance on private placement.
  • Secured funding at a fixed coupon rate of 8.95% per annum for a two-year tenure.
📅 Company Track Record
Persistent Systems Limited has previously raised funds through a QIP of INR 42,646.09 million in October 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total value of Non-Convertible Debentures allotted by Persistent Systems?
Persistent Systems allotted Non-Convertible Debentures aggregating to INR 70 billion.
What is the interest rate on the Non-Convertible Debentures allotted by Persistent Systems?
The Non-Convertible Debentures carry a coupon/interest rate of 8.95% per annum.
When will the Non-Convertible Debentures allotted by Persistent Systems mature?
The Non-Convertible Debentures have a tenor of 2 years from the allotment date, with a maturity date of November 4, 2028.
Who approved the allotment of Non-Convertible Debentures by Persistent Systems?
The allotment of Non-Convertible Debentures was approved by the Special Committee of the Board of Directors of Persistent Systems.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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