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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 Non-Convertible Debentures

FUNDRAISE ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 04 Nov 2026, 03:07 PM IST  ·  BSE ID: 5f5b780c-c4f7-43a4-96d4-02c2f3b1cb0e
View Original BSE Filing (PDF)
💡
In Simple Terms
Persistent Systems raised INR 70 billion by issuing new debentures with an 8.95% annual interest rate.
🤖 AI Summary
  • Persistent Systems approved allotment of 700,000 NCDs worth INR 70 billion.
  • NCDs are Series 1 Debentures, rated, listed, and redeemable, with an 8.95% annual interest.
  • The NCDs have a tenor of 2 years, with maturity on November 4, 2028.
  • This allotment follows the company's earlier QIP fundraising of INR 42,646.09 million.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Aggregate Value of NCDs Allotted
INR 70 billion
Number of NCDs Allotted
700,000
Face Value per NCD
INR 0.10 million
Coupon/Interest Offered
8.95% per annum
Tenure of NCDs
2 years
Date of Allotment
4 November 2026
Date of Maturity
4 November 2028
🏢 How This Affects the Company
📈
Business Impact
The issuance of Non-Convertible Debentures provides Persistent Systems with significant capital for strategic objectives, potentially enabling further investments or acquisitions.
💰
Financial Impact
This NCD issuance will increase the company's debt burden and interest expenses, impacting its leverage ratios and profitability.
⚠️
Risk Impact
The company takes on new debt obligations, increasing its financial risk profile and requiring careful management of repayment obligations.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders concerning this NCD allotment.
👤
Who Is Affected
This issuance affects the company's capital structure by increasing debt; existing equity shareholders are indirectly affected through potential dilution of earnings per share.
🔍
Management Signal
Management is actively utilizing debt markets to fund strategic growth opportunities, signaling a focus on expansion.

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

👁 Watch List - track these upcoming events
Future filings on the utilization of INR 70 billion raised via NCDs.
Next financial results to assess impact on interest expenses and leverage.
Review of annual reports for debt repayment schedule and covenants.
MEDIUM RISK Issuance of substantial debt increases financial leverage and repayment obligations.
💡 Investor Takeaway
Persistent Systems allotted 700,000 Non-Convertible Debentures aggregating INR 70 billion at an 8.95% interest rate, maturing November 4, 2028.
⚖️ Strengths & Concerns

✅ Positives

  • Successfully raised INR 70 billion through NCD allotment, indicating market access for debt funding.
  • Secured funds at an 8.95% per annum interest rate, a clearly defined cost of capital.

⚠️ Concerns

  • Increased leverage due to INR 70 billion NCD issuance, potentially impacting financial flexibility.
  • Fixed interest cost of 8.95% per annum on a substantial debt amount.
📅 Company Track Record
Persistent Systems previously raised INR 42,646.09 million via QIP on October 26, 2026, at INR 5,550 per share.

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 Limited has allotted Non-Convertible Debentures aggregating to INR 70 billion.
What is the interest rate on the Non-Convertible Debentures issued by Persistent Systems?
The Non-Convertible Debentures carry a coupon/interest of 8.95% per annum.
When do the Non-Convertible Debentures issued by Persistent Systems mature?
The Non-Convertible Debentures have a tenor of 2 years and are set to mature on November 4, 2028.
How many Non-Convertible Debentures were allotted by Persistent Systems?
Persistent Systems allotted 700,000 Non-Convertible Debentures, each with a face value of INR 0.10 million.

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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