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 Limited has completed the merger of two of its US subsidiaries, marking a strategic move toward operational efficiency and entity rationalization. The IT services company announced that Persistent Telecom Solutions Inc., USA has been successfully merged into Persistent Systems Inc., USA, effective February 28, 2026.

Merger Details and Timeline

The merger involved the consolidation of Persistent Telecom Solutions Inc., USA (Step Down Subsidiary) into Persistent Systems Inc., USA (Wholly Owned Subsidiary). The company received the Certificate of Merger issued by the Secretary of the State of Delaware on March 3, 2026, formally completing the transaction.

Financial Profile of Merged Entities

The merger brought together two entities with significantly different financial profiles as of March 31, 2025. The financial comparison reveals the scale difference between the transferor and transferee companies.

Strategic Rationale and Business Impact

The merger was executed to achieve entity rationalization and operational efficiency within the group. Both entities operate in the IT/ITES sector, making the consolidation a logical step for streamlining operations. The transaction was conducted at arm's length between the Step Down Subsidiary and the Wholly Owned Subsidiary of Persistent Systems Limited, India.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that the merger does not impact the shareholding pattern of the listed entity, as this was an internal reorganization between subsidiaries. No cash consideration was involved in the transaction, and no share exchange ratio was applicable for this merger structure.