Persistent Systems has announced that the recent U.S. Executive Order on H-1B visa applications is not anticipated to have a significant impact on the company's operations or financial performance. This statement comes in response to the Executive Order titled 'Restriction on Entry of Certain Non-Immigrant Workers' and a subsequent memorandum issued by U.S. immigration authorities.

Company's Assessment

In a filing to the National Stock Exchange of India (NSE) and BSE Limited, Persistent Systems stated, "Based on our current assessment, we hereby wish to inform that we do not expect any significant impact of the above Executive Order on our operations or financials." The company has thoroughly reviewed the Executive Order and the Memorandum issued by the U.S. Department of Homeland Security and the U.S. Citizenship and Immigration Services.

Ongoing Monitoring

Persistent Systems has assured stakeholders that it will continue to closely monitor developments related to the H-1B visa situation. The company has committed to providing updates as appropriate, demonstrating its proactive approach to addressing potential regulatory challenges.

About Persistent Systems

Persistent Systems Limited, headquartered in Pune, Maharashtra, is a global technology services company. The firm specializes in software product and technology services, catering to various industries worldwide. With its shares listed on both the National Stock Exchange of India (NSE) and BSE Limited, Persistent Systems continues to navigate the evolving landscape of international business and immigration policies.

The company's prompt response to the U.S. Executive Order underscores its commitment to transparency and effective communication with investors and stakeholders. As the situation develops, the tech industry will be watching closely for any potential impacts on global talent acquisition and deployment strategies.

Persistent Systems , a leading technology services company, has demonstrated significant progress in its Environmental, Social, and Governance (ESG) practices, as reflected in its latest ESG rating. The company received an ESG rating of 81.7 for the fiscal year 2024-25 from SES ESG Research Pvt. Ltd., a SEBI-registered ESG Rating Provider.

Improved ESG Performance

The new rating represents a notable increase of 4.30 points from the previous fiscal year 2023-24, highlighting Persistent Systems' commitment to enhancing its ESG practices. This improvement suggests that the company has made substantial strides in addressing various environmental, social, and governance factors that are increasingly important to investors and stakeholders.

Assessment Methodology

SES ESG Research, a wholly owned subsidiary of Stakeholders Empowerment Services, conducted a comprehensive assessment of Persistent Systems' ESG practices. The evaluation was based on multiple sources of information, including:

• The company's Annual Report for FY 2024-25
• Persistent Systems' ESG Report for FY 2024-25
• ESG-related web pages of the company
• Other publicly available information

This multi-faceted approach ensures a thorough and objective assessment of the company's ESG performance across various dimensions.

Voluntary Disclosure and Transparency

According to the LODR data, Persistent Systems voluntarily underwent this ESG assessment, demonstrating its proactive approach to transparency and accountability in ESG matters. The company promptly disclosed this information to the National Stock Exchange of India Limited and BSE Limited, underlining its commitment to keeping investors and regulatory bodies informed about its ESG progress.

Implications for Investors

The improved ESG rating could be of particular interest to investors who prioritize sustainable and responsible business practices. As ESG factors continue to gain prominence in investment decision-making processes, Persistent Systems' enhanced rating may positively influence its attractiveness to ESG-conscious investors and potentially impact its long-term value proposition.

Conclusion

Persistent Systems' improved ESG rating reflects the company's ongoing efforts to integrate sustainable practices into its business operations. As companies increasingly face scrutiny over their environmental impact, social responsibility, and governance structures, this rating improvement positions Persistent Systems favorably in the eyes of stakeholders and potentially in the broader market landscape.

Investors and market observers will likely keep a close watch on how this improved ESG performance translates into tangible business outcomes and long-term sustainability for Persistent Systems.