Persistent Systems Limited has disclosed that its ESOP Trust intends to purchase additional equity shares through the secondary market to fulfill vesting obligations under its employee stock option schemes. The company stated that the Trust will acquire up to 125,000 shares by the end of Q1FY27, specifically before June 30, 2026.

Purchase Details

The acquisition will be executed in multiple tranches, excluding periods when the trading window is closed. The Trust will commence the purchase plan starting Friday, May 15, 2026. This initiative follows the shareholders' approval to increase the pool under the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and the Employee Stock Option Plan 2017 (ESOP 2017).

Recent Activity

According to the regulatory filing, the ESOP Trust had recently completed a secondary market purchase of shares. In March 2026, the Trust acquired a total of 437,232 shares. This included 212,232 shares purchased between March 16, 2026, and March 24, 2026.

Compliance and Administration

The ESOP Trust manages and administers the schemes in accordance with the shareholders' approval. Shares acquired by the Trust are transferred to eligible employees upon the exercise of their stock options via off-market transfers to their respective demat accounts. The upcoming purchase plan will adhere to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct.

Persistent Systems , a global Digital Engineering and Enterprise Modernization leader, has announced its recognition in the 2026 Extel Asia Executive Team Survey, earning the prestigious distinction of "Most Honored Company" for the third consecutive year. The company secured strong performance across multiple categories in both the pan-Asia and Asia excluding Mainland China results, further reinforcing its growing credibility among the global investment community. Persistent had also secured top rankings in the 2025 and 2024 editions of the survey.

Top Rankings Across Key Categories

In the Asia excluding Mainland China results for the Technology, IT Services, Software & AI industry, Persistent Systems secured the following rankings:

These rankings reflect the company's sustained focus on strong corporate governance, transparent stakeholder engagement, disciplined execution, and consistent business performance.

Survey Scope and Significance

Extel is known for its independent research and rankings on corporate leadership, investor relations programs, governance, and financial communications. For over five decades, its surveys have served as a benchmark for the global investment community. In this year's edition, more than 5,500 institutional investors and analysts evaluated over 2,500 companies and 2,700 executives across Asia.

The rankings highlight Persistent Systems' strength across key survey parameters, including:

• Leadership credibility and communication
• Financial stewardship and capital allocation
• Accessibility of senior executives
• Responsiveness to investors and analysts
• Consistency and transparency of financial disclosures

Leadership Commentary

Sandeep Kalra, Chief Executive Officer and Executive Director, commented on the recognition: "Consistent recognition in the Extel rankings reflects the trust and confidence that investors and analysts continue to place in Persistent. We are grateful for their support and committed to strong governance, disciplined execution and delivering differentiated value to our clients. As the technology landscape continues to evolve, we remain focused on building a resilient, future-ready business that scales with purpose and agility, while driving sustained long-term value for all our stakeholders."

About Persistent Systems

Persistent Systems is a global services and solutions company delivering AI-led, platform-driven Digital Engineering and Enterprise Modernization to businesses across industries. With over 27,500 employees located in 18 countries, the company offers a comprehensive suite of services including software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The company is part of the MSCI India Index and is included in key indices of the National Stock Exchange of India, including the Nifty Midcap 50, Nifty IT, and Nifty MidCap Liquid 15, as well as several on the BSE such as the S&P BSE 100 and S&P BSE SENSEX Next 50. Persistent Systems is also a constituent of the Dow Jones Sustainability World Index and has achieved carbon neutrality. With 468% growth in brand value since 2020, Persistent Systems is the fastest-growing IT services brand in the 'Brand Finance India 100' 2025 Report.