Persistent Systems Limited has announced the appointment of Mr. Vikram Tulsyan as Senior Vice President and Senior Management Personnel, effective February 12, 2026. The company disclosed this development to the stock exchanges in compliance with regulatory requirements under SEBI guidelines.

Appointment Details

The appointment was formally communicated to both the National Stock Exchange of India Limited and BSE Limited through an official intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Background

Mr. Vikram Tulsyan brings extensive experience to his new role at Persistent Systems. He is a seasoned finance professional with over 20 years of experience, including more than 6 years in senior leadership positions across complex global and multicultural environments.

His core expertise encompasses several critical areas of financial management:

• Business finance strategy and P&L management
• Financial Planning & Analysis
• Cost management and financial governance
• Strategic deal structuring and commercial negotiations
• Hyperscaler contract advisory services

Strategic Expertise

Mr. Tulsyan's professional background demonstrates a strong track record of supporting business growth through structured decision-making and measurable outcomes. His experience extends to working with Fortune 2,000 clients and managing complex financial operations on a global scale.

Additionally, he brings deep expertise in global billing and taxation, oversight of large capital expenditures and vendor procurements. His approach emphasizes internal controls, governance, M&A discussions, and team development, while building trusted relationships with senior leadership, advisors, and global stakeholders to drive sustainable success.

Regulatory Compliance

The appointment disclosure was made in accordance with SEBI Master Circular bearing reference number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Company Secretary Amit Atre, with ICSI Membership No. ACS 20507, signed the official communication to the stock exchanges, ensuring full compliance with regulatory requirements.

Persistent Systems Ltd. executed a substantial block trade on the National Stock Exchange (NSE), marking a significant transaction in the IT services sector. The large-scale trade demonstrates considerable institutional interest in the company's shares.

Transaction Details

The block trade encompassed key parameters that highlight the scale of this market activity:

Market Significance

Block trades represent pre-negotiated transactions between institutional investors, typically executed outside the regular market hours or through special trading windows. These transactions often involve large volumes and are conducted at predetermined prices, minimizing market impact while facilitating significant ownership transfers.

The execution price of ₹5,982.00 per share for this transaction indicates the valuation at which institutional participants were willing to transact in Persistent Systems shares. Such substantial block trades often reflect strategic portfolio adjustments by institutional investors, including mutual funds, insurance companies, or foreign institutional investors.

Transaction Impact

The magnitude of this block trade, involving over 741,742 shares worth ₹443.71 crores, represents a noteworthy development in Persistent Systems' trading activity. Block trades of this scale typically indicate confidence from institutional investors and can influence the stock's liquidity and price discovery mechanism in subsequent trading sessions.