Anand Suresh Deshpande and Suresh Purushottam Deshpande has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoters Dr. Anand Deshpande and Mr. Suresh Deshpande, along with the promoter group, have filed a declaration under SEBI's Takeover Regulations confirming they hold 47,789,930 equity shares (30.66%) in Persistent Systems as of March 31, 2025. The filing explicitly states that they did not create any encumbrance (pledge or otherwise) on their shares during the financial year ended March 31, 2025. The disclosure includes the list of 12 persons/entities acting in concert as part of the promoter group.
This is a routine, neutral-to-positive compliance filing for shareholders. It confirms the promoter group's stake remains intact at 30.66% with no shares pledged, signalling financial stability of the promoters and no forced-sale risk from encumbrances.