Persistent Systems Limited has informed the Exchange about General Updates
PERSISTENT · price
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On the reaction day the stock moved 0.8 pts less than Nifty Midcap 150 and 1.1 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mr. Yogesh Patgaonkar has retired from his role as Chief People Officer and Senior Management Personnel (SMP) of Persistent Systems, effective July 31, 2025, citing personal reasons. In his place, Mr. Rajiv Naithani, who has been with the company as Senior Vice President – HR & OD and SMP since February 3, 2025, has been appointed as the new Chief People Officer effective August 1, 2025. Mr. Naithani brings over two decades of HR experience in the IT sector, with qualifications from Symbiosis, XLRI, and ISABS. This is a follow-up intimation to the one originally filed on July 23, 2025.
This is a routine internal leadership transition with no disruption, as the successor was already part of the senior management team. Shareholders are unlikely to see any material impact on the stock since the change is a planned internal promotion at the CPO level.