Merger22 Apr 2026, 05:41 pm
Persistent Systems: NCLT sanctions Arrka Infosec merger
AI Summary
Persistent Systems Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Mumbai, has sanctioned the merger of Arrka Infosec Private Limited, a wholly-owned subsidiary, into Persistent Systems Limited (the holding company). The merger, which is by absorption, was approved through an NCLT Order dated April 21, 2026. The company received the official notification via email on the same date. Persistent Systems will submit the certified copy of the said Order to the Stock Exchanges once it is received in due course. This marks a significant step in the company's corporate restructuring.
Key Highlights
- NCLT Mumbai sanctioned the merger of Arrka Infosec into Persistent Systems.
- Arrka Infosec was a wholly-owned subsidiary of Persistent Systems.
- The merger is by absorption, simplifying the corporate structure.
- Official NCLT order notification received on April 21, 2026.
- Certified copy of the order will be submitted to exchanges.