Persistent Systems to merge wholly-owned subsidiary MediaAgility

Persistent Systems Limited announced its Board of Directors has approved the proposed merger of its wholly-owned subsidiary, MediaAgility India Private Limited, into the holding company. This internal restructuring aims to achieve entity rationalization and operational efficiency. The merger is subject to necessary statutory approvals. MediaAgility India reported a turnover of INR 365.55 million for the fiscal year ending March 31, 2026. This transaction is not considered a related party transaction and will not be subject to the standard related party transaction regulations.