Dr. Anand Suresh Deshpande, and Mr. 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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Dr. Anand Deshpande (Founder, Chairman & MD) and Mr. Suresh Deshpande, both promoters of Persistent Systems, have filed an annual disclosure with the exchange under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This is a routine yearly compliance filing required from promoters of every listed company, declaring their shareholding details and any encumbrances such as pledges on their shares. The headline does not mention any specific change in shareholding, pledge creation, invocation, or release. The actual contents of the disclosure (held shares, pledged shares, etc.) would be available in the attached document.
This is a routine regulatory filing and is unlikely to have any direct impact on the stock price. Investors should review the attached disclosure to check for any changes in promoter shareholding or pledge status, but the filing itself is standard annual compliance.