Persistent Systems Limited has informed the Exchange regarding 'Intimation of proposed Secondary Market Purchase of Persistent Shares by ESOP Trust of the Company'.
PERSISTENT · price
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Persistent Systems' ESOP Trust has informed the exchanges about its plan to buy back the company's shares from the secondary market to meet employee stock option vesting requirements. The Trust already completed a purchase of 100,000 equity shares on March 13, 2026. It now plans to acquire up to an additional 250,000 shares in multiple tranches by the end of Q4FY26 (before March 31, 2026), starting from March 16, 2026. Purchases will not happen during closed trading window periods and will follow SEBI insider trading norms. The shares are being acquired to fulfill upcoming vesting commitments under the PESOS 2014 and ESOP 2017 employee stock option schemes.
This is a routine ESOP-related share purchase, not a buyback. The Trust buying shares from the open market may provide minor short-term price support, but the impact is limited given the small size relative to the company's overall market cap.