Persistent Systems Ltd. has announced July 27, 2026, as the record date for its final dividend of Rs 18 per equity share for the financial year 2025-26. This dividend, which has a face value of Rs 5 per share, is subject to approval from shareholders at the company's 36th Annual General Meeting (AGM), scheduled for Monday, August 3, 2026.
If approved by the members, the dividend will be disbursed to eligible shareholders within 30 days of its declaration. The record date serves to identify which shareholders are entitled to receive the proposed payout.
In market activity, Persistent Systems shares closed 4.22 percent higher at Rs 5,033 on Friday. Despite this daily increase, the stock has experienced a significant decline of 20.52 percent over the past six months. This recent weakness follows the company's announcement of its planned acquisition of Nagarro, a digital engineering firm headquartered in Munich.
Persistent Systems has agreed to acquire Nagarro for an enterprise value of EUR 1.27 billion. According to analyst firm Axis Direct, the transaction will be funded through debt of approximately EUR 1.4 billion. Persistent has already secured about a 21 percent stake in Nagarro via an agreement with its founding shareholder, structuring the deal as a voluntary public takeover with a minimum acceptance threshold of 50 percent plus one share.
The acquisition is anticipated to bolster Persistent Systems' footprint in Europe and integrate complementary industrial and consumer verticals into its existing portfolio. The deal is expected to conclude by the third quarter of calendar year 2026 or the first quarter of calendar year 2027. Axis Direct noted that Persistent has shown robust growth, with a revenue, EBIT, and PAT CAGR of 21 percent, 24 percent, and 25 percent respectively from FY23-FY26, driven by strong execution and strategic technology adoption.
While the brokerage views the acquisition valuation as reasonable compared to global peers, considering Nagarro's strong European presence and capabilities in AI, SAP, and enterprise applications, it also cautioned that the acquisition cost could impact Persistent's earnings in the short term. However, Axis Direct anticipates long-term benefits from revenue synergies, operational enhancements, and sustained client retention, maintaining a 'Buy' rating on the stock with an unchanged target price of Rs 6,270.