Persistent Systems Limited has announced the execution of a Share Purchase Agreement (SPA) for the transfer of 100% shareholding of its German subsidiary as part of internal group restructuring. The transaction was signed and executed on March 31, 2026, involving the transfer of Persistent Systems Germany GmbH from the parent company to Aepona Group Limited, Ireland.

Transaction Structure and Consideration

The share transfer is structured as a share swap transaction rather than a cash deal. The key financial parameters of the transaction are outlined below:

Under the share swap arrangement, equivalent equity shares of Aepona Group Limited will be allotted to Persistent Systems Limited in lieu of cash payment for the purchase price, as per the terms specified in the SPA.

Target Entity Profile

Persistent Systems Germany GmbH, incorporated in November 2016, operates in the Information Technology Enabled Services (ITES) sector, focusing on software development and allied activities. The subsidiary's current financial profile shows:

Historical Performance

The German subsidiary's revenue performance over the last three years demonstrates growth trajectory:

Restructuring Objectives

The internal restructuring aims to achieve specific operational and organizational benefits:

• Entity Rationalization: Streamlining the corporate structure within the group through the transfer of 100% shareholding from Persistent Systems Limited to Aepona Group Limited, Ireland
• Operational Efficiency: Optimizing group operations through strategic realignment of subsidiary ownership
• Structural Optimization: Post-restructuring, Persistent Systems Germany GmbH will become a wholly owned subsidiary of Aepona Group Limited, Ireland, while remaining a step-down subsidiary of Persistent Systems Limited

Regulatory and Compliance Aspects

The transaction has been structured in compliance with regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that no governmental or regulatory approvals are required for this internal restructuring. The promoter and promoter group have no specific interest or benefit from this proposed restructuring, as disclosed in the regulatory filing.

Impact Assessment

The restructuring involves the complete transfer of 100% shareholding of Persistent Systems Germany GmbH from the parent company to Aepona Group Limited, Ireland. This internal reorganization is designed to enhance operational efficiency while maintaining the subsidiary's position within the broader Persistent Systems group structure through the step-down subsidiary arrangement.

Persistent Systems Limited conducted virtual investor sessions with major investment firms, engaging in separate one-on-one meetings as part of its regulatory compliance under SEBI listing requirements. The company informed stock exchanges about these interactions through proper regulatory filings.

Recent Investor Meeting Schedule

The company held structured virtual sessions with institutional investors across multiple dates:

Content and Compliance Framework

During these investor interactions, Persistent Systems consistently reiterated information previously shared during its earnings call held on January 20, 2026. The earnings call covered the company's performance for the quarter and nine months ended December 31, 2025. The company confirmed that no additional material information was disclosed during any of these investor sessions beyond what was already available in the public domain.

Latest Session Details

The most recent session with Ashmore Investment Management was conducted under reference number NSE & BSE / 2025-26 / 256 dated March 24, 2026. This session followed the company's earlier intimation to stock exchanges through reference number NSE & BSE / 2025-26 / 247 dated March 18, 2026. Company Secretary Amit Atre digitally signed the regulatory filing, maintaining proper documentation protocols.

Regulatory Documentation

The company conducted these sessions in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and investor interactions. For the March 19 sessions, Persistent Systems had previously intimated the exchanges through communications dated March 5, 2026, and March 16, 2026.

Transparency and Governance

The company provided reference to its investor presentation and factsheet for Q3FY26 during all sessions, ensuring transparency and equal access to information for all stakeholders. The systematic approach to investor relations demonstrates the company's commitment to maintaining transparent communication with its investment community while adhering to stringent regulatory requirements.