Persistent Systems Limited announces merger approval of Arrka Infosec Private Limited
Persistent Systems · IT - Software
Key highlights
- The National Company Law Tribunal, Mumbai approved the merger of Arrka Infosec Private Limited (wholly owned subsidiary) with Persistent Systems Limited.
- The certified true copy of the NCLT order was received by Persistent Systems Limited on May 11, 2026.
- The merger involves the cancellation of Transferor Company shares and employee transfer without service interruption, effective from April 1, 2025.
Why it's rated notable: The NCLT order sanctions the merger of wholly owned subsidiary Arrka Infosec Private Limited into Persistent with no shares allotted and no value stated in the filing, so the level is medium at most.
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Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Persistent Systems
- OtherNotablePersistent Systems Limited files details on unsecured and secured Series Debentures
- Fundraise / allotmentNotablePersistent Systems approves allocation of 7,683,981 equity shares via QIP on Oct 26, 2026
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each
- Fundraise / allotmentNotablePersistent Systems allots 7,683,981 shares via QIP at ₹5,550 each, ₹42,646.09 million
- Fundraise / allotmentNotablePersistent Systems approves QIP Issue with floor price of ₹5,550 per share
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Potential multibaggers · Q2 FY27
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.