Persistent Systems has issued an official clarification to stock exchanges addressing recent market speculation regarding potential merger and acquisition opportunities. The company filed a formal statement under Regulation 30 of SEBI regulations to provide transparency on its current M&A position.

Official Exchange Communication

The company submitted a detailed clarification to both NSE and BSE on February 24, 2026, specifically addressing market speculation about potential M&A transactions. Company Secretary Amit Atre signed the official communication, emphasizing the organization's commitment to regulatory compliance and transparent disclosure practices.

SEBI Compliance Statement

Persistent Systems clearly stated that under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, there is currently no imminent M&A transaction that requires disclosure or intimation. The company emphasized its governance-oriented approach and assured stakeholders that any M&A proposal requiring regulatory disclosure would be communicated transparently.

Strategic Growth Approach

While addressing speculation, the company confirmed that exploring inorganic growth opportunities remains part of its ongoing business strategy. This balanced approach demonstrates Persistent Systems' commitment to growth while maintaining strict adherence to regulatory requirements and disclosure norms.

The official clarification provides stakeholders with definitive information about the company's current M&A status while reinforcing its commitment to transparent communication and regulatory compliance.

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.