Executive Summary
Across the 15 filings for the S&P BSE IT stream (period 2026-10-16), the dominant theme is a split between solid top-line momentum and deteriorating earnings quality, with LTM Limited (formerly LTIMindtree) at the center of most of the disclosures.
LTM's Q2 FY27 consolidated revenue of ₹118,076 million rose 13.6% YoY and 1.7% QoQ, yet PAT of ₹13,799 million was flat YoY (-0.1%) and down 6.0% QoQ as other income collapsed to ₹915 million from ₹3,004 million a year earlier, while free cash flow fell to ₹3,294 million from ₹9,218 million in Q1. Order inflow also weakened to $1.26 Bn (down ~25% QoQ and 21% YoY), and sub-contracting costs rose 41.2% YoY, signalling margin pressure and greater reliance on subcontractors. Wipro reported flat sequential IT services revenue ($2.61 Bn) with Q3 guidance of -1.5% to +0.5% constant-currency growth, with Americas 1 and Health both declining, though its 16.5% operating margin was up 50 bps QoQ. Persistent Systems' approval of up to ₹8,000 Crore NCDs and ₹1,000 Crore commercial paper to fund the Nagarro SE acquisition is the largest capital-structure event in the batch, and the remaining filings (TCS road show, HCL RSU grants, Wipro's FLARRE.AI stake, NIIT tax appeal, Tech Mahindra administrative notice) are routine or low-materiality.
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Filing types in this digest: Company update · Corporate governance · Corporate action · Debt securities
Tracking the trend? Catch up on the prior BSE IT Technology Sector Regulatory Filings digest from October 15, 2026.
Investment Signals (10)
- LTM Limited (MIXED)▲
Q2 FY27 revenue +13.6% YoY and +1.7% QoQ, six-month revenue +15.7% YoY to ₹234,156 million, EBIT +11.5% YoY to ₹18,381 million, but PAT flat YoY and -6.0% QoQ
- LTM Limited (BEARISH)▲
Free cash flow collapsed to ₹3,294 million from ₹9,218 million in Q1 FY27 and ₹9,993 million a year earlier, a ~64% sequential drop
- LTM Limited (BEARISH)▲
Order inflow of $1.26 Bn fell ~25% QoQ from $1.68 Bn and ~21% YoY from $1.59 Bn; active clients declined to 729 from 749
- LTM Limited (BULLISH)▲
Interim dividend of ₹25 per share (record date October 23, 2026, payment within 30 days) signals management confidence in cash generation despite the FCF drop
- Wipro ↓ (MIXED)▲
Q2 FY27 IT services revenue of $2.61 Bn flat QoQ with operating margin up 50 bps QoQ to 16.5% and EPS +4.2% YoY to INR 3.23, but Q3 guidance of -1.5% to +0.5% CC sequential growth implies a soft near-term outlook
- Wipro ↓ (BEARISH)▲
Americas 1 down 2.7% YoY and Health down 6.5% YoY, with management attributing weakness to client-specific issues and US payer policy changes
- Wipro ↓ (BULLISH)▲
Acquisition of 20% stake in FLARRE.AI (agentic AI for insurance), expected to close by October 31, 2026, with no regulatory approval required, extends AI capability at low capital outlay
- Persistent Systems ↓ (NEUTRAL)▲
Board-approved issuance of up to ₹8,000 Crore NCDs and ₹1,000 Crore CP as long-term debt financing for the Nagarro SE acquisition, with NSE listing planned
- HCL Technologies ↓ (NEUTRAL)▲
Grant of 56,504 RSUs to 72 employees under RSU Plan 2021 settled via secondary-market purchases through a trust (no dilution), with vesting on October 31, 2027
- Tech Mahindra ↓ (NEUTRAL)▲
Routine share-certificate loss notice with no operational or financial content
Risk Flags (8)
- LTM Limited/Other Income Erosion [HIGH RISK]▼
Other income fell to ₹915 million from ₹3,004 million YoY (-70%) and ₹2,554 million QoQ, the main reason flat net profit coexisted with 13.6% revenue growth
- LTM Limited/Margin Pressure [HIGH RISK]▼
Sub-contracting expenses rose 41.2% YoY to ₹11,366 million and employee benefit costs rose 9.5% YoY to ₹70,821 million, outpacing profit growth
- LTM Limited/Cash Conversion [HIGH RISK]▼
Free cash flow of ₹3,294 million versus ₹9,993 million in Q2 FY26 (-67% YoY) raises questions about working capital and sustainability of the ₹25 dividend
- LTM Limited/Demand [HIGH RISK]▼
USD revenue growth slowed to 4.7% YoY and order inflow declined to $1.26 Bn, with active client count down to 729 from 749, indicating weakening demand momentum
- LTM Limited/Acquisition Execution [MEDIUM RISK]▼
Pending acquisition of Randstad's subsidiaries (up to EUR 160 million EV) remains subject to regulatory approvals while core profitability is softening
- Wipro/Revenue Trajectory↓ [MEDIUM RISK]▼
Q3 guided -1.5% to +0.5% CC sequential, Health down 3.8% QoQ and Americas 1 down 2.1% QoQ; net income fell 5% QoQ as net other income dropped 68% after the June 2026 buyback completion
- Persistent Systems/Leverage↓ [MEDIUM RISK]▼
Up to ₹9,000 Crore of combined debt issuance raises leverage materially; execution risk on Nagarro integration and debt servicing costs
- NIIT Limited/Tax Dispute↓ [LOW RISK]▼
Income Tax Department appeal before ITAT on AY 2018-19 Section 14A disallowance (tax effect ₹1.72 crore); company expects no material impact, but the dispute is ongoing
Opportunities (6)
- LTM Limited/Earnings Recovery (OPPORTUNITY)◆
EBIT margin of 15.6% with EBIT up 11.5% YoY indicates operating leverage is intact; if other income stabilises and sub-contracting normalises, PAT growth could re-accelerate from the flat base
- LTM Limited/Dividend Yield (OPPORTUNITY)◆
₹25 interim dividend (record date October 23, 2026) provides a near-term income catalyst ahead of any re-rating
- Wipro/AI Capability Build-out↓ (OPPORTUNITY)◆
FLARRE.AI 20% stake (closing by October 31, 2026) adds agentic AI for insurance at a modest cash outlay, a low-cost option on insurance-vertical AI demand
- Wipro/Margin Momentum↓ (OPPORTUNITY)◆
Operating margin at 16.5% (+50 bps QoQ) and EPS +4.2% YoY show cost discipline despite flat revenue; stabilisation of Americas 1 would be a re-rating trigger
- Persistent Systems/Nagarro Acquisition↓ (OPPORTUNITY)◆
Financing approvals in place (EGM October 5, Board resolution October 15) reduce execution risk and signal the acquisition is advancing toward completion
- HCL Technologies/Retention Signal↓ (OPPORTUNITY)◆
RSU grants to 72 employees and secondary-market settlement (no dilution) support talent retention without equity dilution, a constructive governance signal
Sector Themes (6)
- Revenue Growth vs Earnings Quality Divergence◆
LTM and Wipro both report top-line stability or growth while net profit, FCF and other income deteriorate (LTM PAT -6.0% QoQ and FCF -64% QoQ; Wipro net income -5% QoQ), implying investors should focus on operating cash conversion rather than headline revenue [IMPLICATION: favour companies with improving FCF over those growing revenue only]
- Subcontractor Reliance and Cost Pressure◆
LTM's sub-contracting expenses up 41.2% YoY alongside 9.5% growth in employee costs point to delivery models leaning on partners to meet demand, which compresses gross margin unless pricing improves [IMPLICATION: monitor sub-contracting ratios across peers]
- Demand Softness in Healthcare and US Client Concentration◆
Wipro's Health (-6.5% YoY) and Americas 1 (-2.7% YoY) weakness mirrors LTM's order-inflow decline, suggesting US vertical-specific softness rather than broad sector collapse [IMPLICATION: healthcare and payer-exposed IT revenue is at elevated risk]
- Balance-Sheet Activation via M&A◆
Persistent's Nagarro financing (₹9,000 Crore combined) and LTM's Randstad acquisition show Indian IT firms using debt and inorganic moves to buy capability (AI, engineering, staffing) as organic order growth slows [IMPLICATION: integration execution will drive returns]
- AI-Led Tuck-in Investments◆
Wipro's FLARRE.AI stake and broader vertical AI bets indicate a shift toward small, low-capital AI platform stakes rather than large acquisitions [IMPLICATION: expect more minority AI investments across mid-tier and large-cap IT]
- Shareholder Return Continuity◆
LTM's ₹25 interim dividend and Wipro's completed June 2026 buyback show capital returns continuing even as earnings growth moderates [IMPLICATION: payout sustainability hinges on FCF recovery]
Watch List (8)
- LTM Limited/Dividend Record Date👁
₹25 interim dividend record date October 23, 2026; watch payment within 30 days and FCF trend in next quarter
- LTM Limited/Randstad Acquisition👁
Pending regulatory approvals for up to EUR 160 million EV deal; watch for closing timeline and any valuation revisions
- LTM Limited/Board Changes👁
Sanjeev Aga's tenure ends November 8, 2026; Anupam Kumar's appointment subject to shareholder approval, which will shape governance continuity
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Revenue guided $2.571B-$2.625B (-1.5% to +0.5% CC QoQ); watch Americas 1 and Health for further deterioration
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Expected completion by October 31, 2026; confirm closing and any disclosed financial details of the target
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Watch NSE listing of NCDs, CP issuance pricing, and completion timing of the Nagarro SE acquisition
- TCS/Investor Road Show👁
Non-deal road show in the USA October 22-27, 2026; commentary on demand, deal pipeline and margins may move the sector
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Income Tax Appellate Tribunal hearing on AY 2018-19 Section 14A appeal; low financial impact but a governance and tax-compliance item to track
Filing Analyses
(15)
16-10-2026
LTM Limited (formerly LTIMindtree) reported consolidated revenue from operations of ₹118,076 million for the quarter ended September 30, 2026, up 13.6% YoY from ₹103,943 million and up 1.7% QoQ from ₹116,080 million, with six-month revenue of ₹234,156 million (+15.7% YoY). However, consolidated net profit after tax declined 0.1% YoY to ₹13,799 million for the quarter and fell 6.0% QoQ from ₹14,686 million, and profit before tax was flat-to-lower QoQ at ₹18,597 million versus ₹19,784 million. The Board also declared an interim dividend of ₹25 per equity share (record date October 23, 2026) and approved the appointment of Mr. Anupam Kumar as a Non-Executive Non-Independent Director, while noting the completion of Mr. Sanjeev Aga's tenure effective November 8, 2026.
- · Net profit attributable to shareholders was ₹13,979 million for the quarter versus ₹14,011 million a year earlier, a slight decline.
- · Employee benefits expense rose to ₹70,821 million (+9.5% YoY), a key cost driver absorbing revenue growth.
- · Sub-contracting expenses increased to ₹11,366 million from ₹8,049 million (+41.2% YoY), indicating higher reliance on subcontractors.
- · Other income collapsed to ₹915 million from ₹2,554 million in the prior quarter and ₹3,004 million a year earlier.
- · Net cash generated from operating activities fell to ₹16,989 million for six months from ₹22,156 million (-23.3% YoY).
- · Trade receivables and unbilled revenue increased, and total investments rose to ₹124,499 million (current) from ₹120,355 million at March 31, 2026.
- · Other equity grew to ₹258,444 million from ₹239,954 million at March 31, 2026.
- · The Board noted completion of Mr. Sanjeev Aga's tenure effective close of business on November 8, 2026, and Mr. Anupam Kumar's appointment is subject to shareholder approval.
- · Dividend payment is due within 30 days of declaration; TDS instructions are available on the company website.
16-10-2026
Wipro reported IT services revenue of $2.61 billion in Q2 FY27, flat sequentially and up 0.6% year-on-year in constant currency, with operating margin at 16.5% (up 0.5% sequentially). Net income was INR 32 billion, down 5% sequentially, as net other income fell 68% sequentially after the June 2026 buyback completion, while EPS rose 0.9% sequentially to INR 3.23 and 4.2% year-on-year. Management guided Q3 sequential IT services revenue growth of -1.5% to +0.5% in constant currency, with Americas 1 and Health declining and Q2 TCV of $2.6 billion across nine large deals.
- · Management guided Q3 FY27 revenue to $2.571B-$2.625B, equal to sequential growth of -1.5% to +0.5% in constant currency.
- · Americas 1 declined 2.1% sequentially and 2.7% YoY; management attributed this to client-specific issues and healthcare softness.
- · Health declined 3.8% sequentially and 6.5% YoY, affected by US payer policy changes.
- · Energy, Manufacturing and Resources declined 6% YoY despite 1% sequential growth.
- · Two large deals slipped from Q2 into Q3 due to delayed contract signing; management says both will be signed.
- · Management stated the client-specific issues from the prior quarter are largely behind the company.
- · Management did not provide a timeline for returning operating margins to the 17-17.5% target band.
- · Management guides only for the quarter, not the full year.
16-10-2026
Tata Consultancy Services Limited has filed a Regulation 30 intimation under SEBI LODR listing the analyst/institutional investor meetings planned for October 2026. The schedule is a non-deal road show in the USA running from October 22 to 27, 2026, in physical mode, with investor group meetings starting at 8:30 am EDT. The filing is a routine disclosure, is subject to change, and discloses no financial results, figures, or performance metrics.
- · Reference letter dated October 1, 2026 was previously sent to the exchanges on the same subject
- · Meeting dates are October 22 to 27, 2026 (EDT), with the road show scheduled to begin at 8:30 am EDT
- · The schedule is subject to change, as noted in the filing's footnote
- · Filed under Regulation 30 of SEBI LODR, 2015; NSE symbol TCS, BSE scrip code 532540
16-10-2026
LTM Limited (formerly LTIMindtree) reported Q2 FY27 consolidated revenue from operations of ₹118,076 million (Rs 11,808 Crore), up 13.6% YoY and 1.7% QoQ, with EBIT up 11.5% YoY to ₹18,381 million. However, consolidated net profit after tax declined 0.1% YoY and 6.0% QoQ to ₹13,799 million, while USD revenue growth slowed to 4.7% YoY and order inflow fell 30 bps YoY to $1.26 Bn. The Board declared an interim dividend of ₹25 per share, and a pending acquisition of Randstad's subsidiaries (up to EUR 160 million enterprise value) remains subject to regulatory approvals.
- · Consolidated EBIT of ₹18,381 million, up 2.2% QoQ, with EBIT margin at 15.6%
- · Standalone net profit after tax of ₹13,519 million, versus ₹13,860 million in Q2 FY26 (a YoY decline of 2.5%)
- · Free cash flow fell sharply to ₹3,294 million from ₹9,218 million in Q1 FY27 and ₹9,993 million in Q2 FY26
- · Net cash from operating activities (consolidated, six months) was ₹16,989 million versus ₹22,156 million a year earlier
- · Order inflow of $1.26 Bn declined from $1.68 Bn in Q1 FY27 and $1.59 Bn in Q2 FY26
- · Active clients declined to 729 from 749 a year earlier; TTM attrition steady at 13.3%
- · Utilization (excluding trainees) fell 170 bps YoY to 86.4%
- · Other income fell sharply to ₹915 million from ₹3,004 million a year earlier
- · Financial Services segment results declined to ₹6,395 million from ₹6,710 million YoY
- · Dividend payments of ₹15,714 million were made during the six-month period
16-10-2026
LTM Limited (formerly LTIMindtree) reported Q2 FY27 (quarter ended September 30, 2026) consolidated revenue from operations of ₹118,076 million, up 1.7% QoQ and 13.6% YoY, with net profit after tax of ₹13,799 million, down 6.0% QoQ but roughly flat YoY (-0.1%). Management reported constant-currency growth of +1.1% QoQ and +5.1% YoY, and the Board declared an interim dividend of ₹25 per equity share. Performance was mixed: profitability and free cash flow weakened sequentially (FCF fell to ₹3,294 million from ₹9,218 million), while top-line growth and client wins were positive.
- · Net profit after tax declined 6.0% QoQ and was flat YoY, while EBIT rose 11.5% YoY to ₹18,381 million
- · Free cash flow fell sharply to ₹3,294 million in Q2 FY27 from ₹9,218 million in Q1 FY27 and ₹9,993 million a year earlier
- · Order inflow was $1.26 Bn, down 25% QoQ from $1.68 Bn and down 21% YoY from $1.59 Bn
- · Financial Services revenue grew only 3.0% QoQ in USD terms and Rest of the World revenue contribution fell to 10.8%
- · Standalone net profit after tax rose to ₹13,519 million but the statement reports a ₹5,281 million exceptional labour code impact in the prior year period
- · Proposed acquisition of Randstad entities at an enterprise value of up to EUR 160 million remains subject to regulatory approvals and is not yet reflected in results
- · Other income in the prior year included a ₹1,978 million fair value gain on Voicing.AI convertible instruments
16-10-2026
LTM Limited (formerly LTIMindtree) reported Q2 FY27 consolidated revenue from operations of ₹118,076 million (Rs 11,808 Crore), up 13.6% YoY and 1.7% QoQ, with PAT of ₹13,799 million, down 6.0% QoQ and 0.1% YoY, as the 'Other income' and margin pressure weighed on profitability. The Board declared an interim dividend of ₹25 per share. Performance is mixed: top-line and EBIT grew (EBIT up 11.5% YoY to ₹18,381 million), while USD revenue growth slowed to 4.7% YoY and order inflow fell to $1.26 Bn from $1.68 Bn in the prior quarter, and free cash flow dropped sharply to ₹3,294 million.
- · Order inflow fell to $1.26 Bn from $1.68 Bn in Q1 FY27 (down ~25% QoQ), although 30 bps YoY growth was reported on a TTM basis
- · Free cash flow dropped to ₹3,294 million from ₹9,218 million in Q1 FY27
- · Active clients declined to 729 from 749 a year earlier
- · Standalone PAT declined to ₹13,519 million on a 6-month basis versus ₹26,834 million prior year (down 3.4%)
- · Net cash from operating activities for the six months fell to ₹16,989 million from ₹22,156 million
- · Pending Randstad Entities acquisition (up to EUR 160 million EV) remains subject to regulatory approvals and is not yet reflected in results
- · Q2 FY26 profit included a ₹1,978 million fair value gain tied to Voicing.AI in the prior-year comparables as noted in the quarter-ended June 30, 2026 note
- · Earnings call scheduled for Friday, October 16, 2026 at 18:00 IST
16-10-2026
LTM Limited (formerly LTIMindtree) reported consolidated revenue from operations of ₹11,80,76 million (₹1,18,076 million) for Q2 FY27 (quarter ended September 30, 2026), up from ₹1,03,943 million in the year-ago quarter (approx. 13.6% YoY) and up 1.7% sequentially from ₹1,16,080 million in Q1. Net profit after tax was ₹13,799 million, down 0.1% YoY from ₹13,812 million and down 6.0% QoQ from ₹14,686 million, while the Board declared an interim dividend of ₹25 per equity share. Results were mixed: top-line and six-month growth were strong, but profitability softened sequentially and other income fell sharply YoY.
- · Interim dividend of ₹25 per equity share; record date October 23, 2026; payment within 30 days of declaration
- · Sanjeev Aga's tenure as director completes at close of business on November 8, 2026
- · Anupam Kumar (DIN: 10086651) proposed as Non-Executive Non-Independent Additional Director effective October 16, 2026, subject to shareholder approval
- · Six-month profit before tax rose to ₹38,381 million from ₹36,054 million (+6.5% YoY), but Q2 PBT fell 6.0% QoQ from ₹19,784 million
- · Operating cash flow for H1 FY27 declined to ₹16,989 million from ₹22,156 million (-23.3% YoY), driven by working capital build-up
- · Total cash and cash equivalents fell to ₹20,840 million from ₹23,311 million at March 31, 2026
- · Trade receivables and unbilled revenue increased, with working capital outflow of ₹10,692 million in H1 FY27 versus ₹6,787 million in H1 FY26
- · Net profit attributable to shareholders for Q2 FY27 was ₹13,979 million versus ₹14,011 million in Q2 FY26 (flat)
- · Finance costs were ₹699 million in Q2 FY27 versus ₹693 million a year earlier
16-10-2026
LTM Limited (formerly LTIMindtree) reported consolidated revenue from operations of ₹118,076 million (₹11,807.6 Cr) for Q2 FY27 (quarter ended September 30, 2026), up 1.7% QoQ from ₹116,080 million and up 13.6% YoY from ₹103,943 million; six-month revenue rose 15.7% YoY to ₹234,156 million. However, net profit after tax declined 0.7% QoQ to ₹13,799 million and profit before tax fell 6.0% QoQ to ₹18,597 million, while YoY net profit grew only 0.0% for the quarter (₹13,812 million a year earlier), and other income dropped sharply from ₹3,004 million to ₹915 million YoY. The Board also declared an interim dividend of ₹25 per equity share (record date October 23, 2026) and noted the completion of Mr. Sanjeev Aga's tenure effective November 8, 2026, while approving Mr. Anupam Kumar as a Non-Executive Non-Independent Additional Director.
- · Other income fell sharply to ₹915 million from ₹3,004 million YoY, a key driver of the flat net profit despite strong revenue growth
- · Employee benefit expenses rose 9.5% YoY to ₹70,821 million, growing slower than revenue but still outpacing profit growth
- · Basic EPS of ₹47.15 was marginally lower than ₹47.28 in the year-ago quarter
- · Dividend record date is October 23, 2026, with payment due within 30 days of declaration
- · Mr. Sanjeev Aga's tenure ends at close of business on November 8, 2026
- · Consolidated total assets rose to ₹38,466.7 Cr and current investments to ₹12,449.9 Cr as at September 30, 2026
- · Dividends paid in the six months rose to ₹15,714 million from ₹13,333 million
16-10-2026
LTM Limited's Board approved unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026, reporting consolidated revenue from operations of ₹118,076 million for Q2 FY27, up 13.6% YoY from ₹103,943 million, and net profit after tax of ₹13,799 million, down 0.1% YoY from ₹13,812 million. The Board also declared an interim dividend of ₹25 per equity share (record date October 23, 2026) and approved the appointment of Mr. Anupam Kumar as a Non-Executive Non-Independent Director, while noting the completion of Mr. Sanjeev Aga's tenure effective November 8, 2026. Sequentially, revenue rose 1.7% from ₹116,080 million in Q1, but other income fell sharply (₹915 million vs ₹2,554 million in Q1 and ₹3,004 million in the prior-year quarter).
- · Q2 FY27 other income collapsed to ₹915 million from ₹2,554 million in Q1 FY27 and ₹3,004 million in Q2 FY26, a material drag on pre-tax profit growth.
- · Sequential net profit declined about 6% (₹13,799 million vs ₹14,686 million in Q1), even as revenue grew 1.7% QoQ.
- · Employee benefits expense rose 9.5% YoY to ₹70,821 million, and sub-contracting expenses rose 41.2% YoY to ₹11,366 million, pressuring margins.
- · Total comprehensive income for Q2 FY27 rose to ₹13,127 million from ₹6,915 million YoY, driven by other comprehensive income swings rather than operating performance.
- · Interim dividend of ₹25 per share is payable within 30 days, with an aggregate outflow of roughly ₹7,400 million on 296 million shares (derived estimate).
- · Cash and cash equivalents fell to ₹20,840 million from ₹23,311 million at March 31, 2026, while current investments rose to ₹124,499 million.
- · Net cash from operating activities fell to ₹16,989 million in H1 FY27 from ₹22,156 million in H1 FY26.
- · Board composition change: Anupam Kumar's appointment is subject to shareholder approval, and Sanjeev Aga's tenure ends November 8, 2026.
16-10-2026
Wipro Limited, through its step-down subsidiary Wipro IT Services, LLC, signed a definitive agreement on October 15, 2026 to acquire a 20% shareholding in FLARRE.AI, Inc., an agentic AI platform purpose-built for the insurance sector, for a cash consideration of USD 2,000 (amount as stated in the filing). The acquisition is expected to complete by October 31, 2026, requires no government or regulatory approval, and is not a related party transaction. The filing states the aim is to enhance Wipro's AI capabilities for the global insurance sector.
- · Acquisition is not a related party transaction; promoter/group companies have no interest in the target
- · No government or regulatory approval required for completion
- · Target entity was recently incorporated, so prior-year financials are unavailable
- · Target's platform embeds agentic AI across underwriting, claims, and other insurance workflows
16-10-2026
HCL Technologies has granted 56,504 Restricted Stock Units to 72 eligible employees of the company and its subsidiaries under the RSU Plan 2021, approved by the Nomination and Remuneration Committee on October 15, 2026. The RSUs vest on October 31, 2027, with a six-month exercise window, and the awards will be settled with shares bought from the secondary market through a trust, so there is no dilution. The filing also cancels 14,130 RSUs under the RSU Plan 2024 and corrects the vesting date for 7,252 RSUs granted July 2, 2026 to July 31, 2027.
- · Grant is made under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- · Shares will be sourced from the secondary market via a trust, with no fresh issuance by the company
- · Vesting date for the RSU Plan 2021 grant is October 31, 2027
- · Exercise must occur within six months of vesting
16-10-2026
Persistent Systems Limited's Special Committee of the Board approved terms for up to INR 8,000 Crore of privately placed, NSE-listed Non-Convertible Debentures and up to INR 1,000 Crore of unsecured Commercial Paper, both as part of long-term debt financing tied to its acquisition of Nagarro SE. The approvals followed shareholder approval at the October 5, 2026 EGM and a delegated authority resolution of the Board dated October 15, 2026. No cancellation or termination of either issuance has been disclosed.
- · NCDs are to be listed on the National Stock Exchange of India Limited and are subject to the terms set out in the key information document
- · Commercial Paper is unsecured with tenor of up to 1 year from the date of allotment
- · Special Committee meeting ran from 10:02 to 10:20 Hrs (IST) on October 16, 2026
- · Issuances are made under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 and SEBI Master Circular dated January 30, 2026
16-10-2026
Persistent Systems Limited's Special Committee of the Board approved terms for issuing up to INR 8,000 Crore of Non-Convertible Debentures (NCDs) via private placement and up to INR 1,000 Crore of Commercial Paper (CP), both to be listed on NSE and intended as long-term debt financing for the acquisition of Nagarro SE. The CP is unsecured with tenure up to one year from allotment, and no cancellation or termination of either proposal has been reported.
- · NCD issuance is a private placement with a listing proposed on NSE; tenure, coupon, and maturity details are as set out in the key information document
- · CP issuance is unsecured with a maximum tenure of up to 1 year from the date of allotment
- · Approval followed the shareholder EGM held October 5, 2026 and a Board resolution dated October 15, 2026 re-constituting the Special Committee
- · Special Committee meeting held October 16, 2026 from 1002 to 1020 Hrs. (IST)
16-10-2026
NIIT Limited disclosed that the Income Tax Department (Deputy Commissioner of Income Tax, Central Circle-20, Delhi) has filed an appeal before the Income Tax Appellate Tribunal, New Delhi, challenging the Commissioner of Income Tax (Appeals)'s order in the company's favour for Assessment Year 2018-19. The disputed issue is disallowance of expenditure relating to exempt income under Section 14A read with Rule 8D; the tax effect is INR 1.72 crores. The company states it does not envisage any adverse impact on its financials, operations, or other activities.
- · Dispute relates to Section 14A of the Income-tax Act, 1961 read with Rule 8D of the Income-tax Rules, 1962 (disallowance of expenditure on exempt income)
- · Company received a copy of the Income Tax Appellate Tribunal appeal on October 15, 2026
- · Quantum of claims is not applicable (N.A.) per the filing
- · Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
16-10-2026
Tech Mahindra Ltd has filed a Regulation 30 disclosure with BSE and NSE enclosing a newspaper advertisement published in the Financial Express regarding the loss of share certificate(s). The filing is administrative in nature, made pursuant to SEBI circular HO/38/13/11(3)2025-MIRSD-POD/I/1102/2025 dated December 24, 2025, and contains no financial results or operational information.
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