Persistent systems has informed stock exchanges about its Employee Stock Option Plan (ESOP) Trust's decision to acquire equity shares through secondary market purchases. The announcement, made on March 2, 2026, outlines the company's strategy to meet employee vesting commitments under its established stock option schemes.

ESOP Trust Purchase Plan

The ESOP Trust has been authorized to acquire equity shares not exceeding 125,000 shares by the end of Q4FY26, specifically before March 31, 2026. This acquisition forms part of the company's ongoing efforts to fulfill vesting obligations under the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and Employee Stock Option Plan 2017 (ESOP 2017).

Previous Acquisition Activity

The ESOP Trust had previously purchased 74,255 equity shares through the secondary market during Q4FY25, before March 31, 2025. This demonstrates the company's consistent approach to managing its employee stock option programs through strategic market acquisitions.

Compliance Framework

The purchase plan will operate under strict regulatory compliance measures:

• Purchases will be suspended during trading window closure periods
• Full compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
• Adherence to the company's Code of Conduct provisions
• Compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Scheme Administration

The ESOP Trust manages and administers both the PESOS 2014 and ESOP 2017 schemes under shareholders' approval. The trust transfers acquired shares to eligible employees upon exercise of their stock options through off-market transfers to their respective demat accounts. This systematic approach ensures smooth execution of the company's employee benefit programs while maintaining regulatory compliance.

Persistent Systems Limited has announced a significant expansion into the Chinese market through the establishment of a Wholly Owned Foreign Enterprise (WFOE) by its Singapore subsidiary. The development marks a strategic milestone in the company's international growth trajectory.

Establishment Details

Persistent Systems Pte. Ltd., Singapore, which is a wholly owned subsidiary of Persistent Systems Limited, successfully established its WFOE in China on February 27, 2026. The establishment received official recognition with the issuance of a business license from the Shanghai Administration for Market Regulation (SAMR).

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to specific SEBI circulars, including:

• SEBI Circular ref. no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
• SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Strategic Expansion

The establishment of the WFOE in China represents Persistent Systems' continued expansion in the Asian market. The new entity, operating under the name Baixinteng System Service (Shanghai) Co. Ltd., will serve as the company's operational base in China, potentially enhancing its service delivery capabilities in the region.

The business license was formally received on February 28, 2026, completing the regulatory requirements for the entity's establishment. This development strengthens Persistent Systems' international footprint and positions the company to better serve clients in the Chinese market.