Persistent Systems Limited has announced the completion of an internal group restructuring involving the transfer of its Poland subsidiary. The company executed a Share Purchase Agreement on March 4, 2026, for the transfer of 100% shareholding of Persistent Systems Poland Spółka z o.o. from its US subsidiary to its Ireland subsidiary.

Transaction Structure and Financial Details

The restructuring involves the transfer of the Poland entity from Persistent Systems Inc., USA (wholly owned subsidiary) to Aepona Group Limited, Ireland (wholly owned subsidiary). The transaction has been structured as a cash consideration deal.

Target Entity Profile

Persistent Systems Poland Spółka z o.o. operates in the information technology enabled services (ITES) sector, focusing on software services, computer programming, and consultancy activities. The entity was originally acquired by Persistent Systems in April 2023.

Financial Performance Overview

Strategic Rationale

The company has outlined specific objectives for this internal restructuring:

• Entity Rationalization: Streamlining the corporate structure within the group
• Operational Efficiency: Optimizing business operations through better organizational alignment
• Subsidiary Structure: Post-restructuring, the Poland entity will become a wholly owned subsidiary of Aepona Group Limited, Ireland

Regulatory Compliance

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

Business Continuity

The restructuring represents a strategic move to enhance operational efficiency while maintaining the Poland entity's focus on software services and programming activities. The transaction maintains the entity's position within the Persistent Systems group structure while optimizing the ownership hierarchy for better operational management.

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.