Persistent Systems holds 35th AGM, approves ₹35 per share dividend and key reappointments
The approval of a total dividend of ₹35 per share directly benefits shareholders. The reappointments of key leadership and auditors ensure corporate governance and operational stability, which are important for the company's future direction.
The announcement details the approval of a significant total dividend of ₹35 per equity share for FY 2024-25, which is a positive return for shareholders. Additionally, the reappointments of key management personnel like the Managing Director and Executive Directors ensure leadership continuity and stability.
* Persistent Systems Limited conducted its 35th Annual General Meeting (AGM) on Monday, July 21, 2025, in a hybrid format (in-person and through Video Conferencing/OAVM). * The meeting commenced at 04:00 P.M. (IST) and concluded at 06:15 P.M. (IST). * Members voted on various items, including: * Adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2025. * Confirmation of the interim dividend of ₹20 per equity share and approval of the final dividend of ₹15 per equity share, aggregating to a total dividend of ₹35 per equity share for FY 2024-25. * Reappointment of Mr. Sandeep Kalra, Executive Director, who retired by rotation. * Reappointment of Dr. Anand Deshpande as the Managing Director for a period of 5 consecutive years, until the 40th AGM on or before September 30, 2030. * Reappointment of Mr. Sandeep Kalra as an Executive Director for 3 consecutive years, from October 1, 2025, till September 30, 2028, subject to Central Government approval. * Appointment of Mr. Vinit Teredesai as an Executive Director, to hold office from April 24, 2025, to September 30, 2028. * Appointment of M/s. B S R & Co. LLP as the Statutory Auditors for 5 years, until the 40th AGM. * Appointment of M/s. SVD & Associates as the Secretarial Auditors for 5 years, from FY 2025-26 to FY 2029-30. * The Scrutinizer's consolidated report on voting results will be submitted to the company by Wednesday, July 23, 2025, and subsequently to the Stock Exchanges.
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Persistent Systems Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Persistent Systems Limited. Read the original for the full detail.