Persistent Systems Limited has executed a Share Purchase Agreement (SPA) on December 24, 2025, as part of its internal group restructuring initiative. The company informed stock exchanges through a regulatory filing under Regulation 30 of SEBI regulations, outlining the transfer of 100% shareholdings of three subsidiaries to achieve entity rationalization and operational efficiency.

Share Purchase Agreement Details

The comprehensive restructuring involves three strategic transfers designed to optimize the company's organizational structure:

Three-Tier Subsidiary Transfer Structure

Costa Rica Operations Transfer

Persistent Systems Costa Rica Limitada will be transferred from Persistent Systems Germany GmbH to Persistent Systems Inc., USA. The entity, incorporated in October 2018, specializes in software products and technology innovation in telecom and Product Lifecycle Management domains.

Switzerland Operations Transfer

Persistent Systems Switzerland AG will move from Persistent Systems Germany GmbH to Aepona Group Limited, Ireland. This entity, incorporated in January 2001, provides comprehensive software services.

Romania Operations Transfer

Persistent Systems S.R.L., Romania will be transferred from Persistent Systems Germany GmbH to Aepona Group Limited, Ireland. This relatively newer entity, incorporated in June 2022, focuses on software services projects.

Strategic Restructuring Objectives

The restructuring aims to achieve entity rationalization and operational efficiency within the group. Following completion, Persistent Systems Costa Rica Limitada will become a wholly owned subsidiary of Persistent Systems Inc., USA, while both Switzerland and Romania entities will operate as wholly owned subsidiaries of Aepona Group Limited, Ireland.

Regulatory Compliance Framework

The transaction maintains full compliance with SEBI regulations, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced relevant SEBI circulars including SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155, ensuring transparent corporate governance practices throughout the restructuring process.

This strategic reorganization reinforces Persistent Systems' commitment to optimizing its global subsidiary structure while maintaining operational excellence across its international operations.

Persistent Systems , a leading global technology services company, has reported strong financial performance for the second quarter of fiscal year 2026, surpassing analyst expectations. The company's Board of Directors approved the audited financial statements for the quarter and half year ended September 30, 2025, during a meeting held on October 14, 2025.

Key Financial Highlights

• Revenue: $406.20 million, representing a 17.6% increase year-over-year
• Net Profit: ₹471.00 crore, up 14.8% from ₹410.00 crore in Q1
• Revenue (in INR): ₹3,580.00 crore, an increase of 7.5% from ₹3,330.00 crore in the previous quarter
• Analyst Estimates: Net profit of ₹436.00 crore and revenue of ₹3,521.00 crore

Financial Performance

Persistent Systems demonstrated robust growth in the quarter, with its consolidated net profit reaching ₹471.00 crore, marking a significant 14.8% increase from the previous quarter's ₹410.00 crore. This performance notably exceeded the analyst consensus estimate of ₹436.00 crore.

The company's quarterly revenue showed strong momentum, reaching $406.20 million, which represents a 17.6% increase compared to the same period in the previous year. In Indian Rupees, the revenue climbed to ₹3,580.00 crore, up 7.5% from ₹3,330.00 crore in the previous quarter. This figure slightly surpassed the market expectations of ₹3,521.00 crore.

Segment-wise Performance

Persistent Systems' financial results reveal a balanced growth across its key business segments:

The Banking, Financial Services and Insurance (BFSI) sector led the growth with a 10.2% quarter-on-quarter increase, followed by Healthcare & Life Sciences at 7.1%, and Software, Hi-Tech and Emerging Industries at 5.3%.

Additional Information

The company has made both consolidated and standalone financial statements available on its website. The approval of these financial statements was communicated to BSE Limited and National Stock Exchange of India Limited through a formal notification signed by Company Secretary Amit Atre.

Conclusion

Persistent Systems' Q2 results demonstrate the company's ability to deliver strong growth and profitability. The significant beat on both revenue and profit estimates underscores the company's robust business model and effective execution of its growth strategies. With a 17.6% year-over-year revenue growth, Persistent Systems appears well-positioned to capitalize on emerging opportunities in the technology services sector.