Persistent Systems has announced a significant corporate restructuring move involving its European operations. The company's Board of Directors has approved the transfer of its German and French subsidiaries to its Ireland-based group entity as part of operational efficiency initiatives.

Board Approval and Transaction Details

At a board meeting held on January 20, 2026, Persistent Systems Limited's directors approved the transfer of 100% shareholding in two key European subsidiaries. The transaction involves moving ownership of both Persistent Systems Germany GmbH and Persistent Systems France S.A.S. to Aepona Group Limited, Ireland.

Strategic Rationale and Impact

The restructuring initiative aims to achieve entity rationalization and operational efficiency within the group structure. The transfer will be executed upon completion of a Share Purchase Agreement that will be finalized in due course.

Following the completion of this transaction, both European entities will transition from being direct subsidiaries of the Indian parent company to becoming wholly owned subsidiaries of Aepona Group Limited in Ireland.

Shareholding Pattern Changes

The restructuring will result in a complete change in the ownership structure of the European operations:

Regulatory Compliance and Disclosure

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement also references SEBI circulars dated July 13, 2023, and November 11, 2024, ensuring full regulatory compliance.

The company has clarified that no specific benefits have been identified for promoters, promoter groups, or other group companies from this proposed restructuring. The transaction appears to be focused purely on operational optimization and corporate structure efficiency within the existing group framework.

Persistent Systems Limited has announced an interim dividend of ₹22.00 per equity share for the financial year 2025-26, marking a significant distribution to shareholders. The Board of Directors approved this dividend payment during their meeting held on January 20, 2026.

Dividend Details and Timeline

The interim dividend declaration comes with specific timelines and eligibility criteria for shareholders. The company has established clear parameters for the dividend distribution process.

Regulatory Compliance and Share Details

The dividend announcement follows proper regulatory protocols under SEBI (LODR) Regulations, 2015, specifically Regulation 42. The company has designated the record date method for determining eligible shareholders, with no book closure period required.

Payment and Shareholder Eligibility

Shareholders holding equity shares as of the record date January 27, 2026, will be eligible to receive the interim dividend. The company has committed to distributing the dividend within the statutory timeline of 30 days from the board approval date of January 20, 2026.

This interim dividend represents the company's commitment to returning value to shareholders during the current financial year 2025-26. The dividend payment will be processed according to the established regulatory framework and company policies.