Persistent Systems Limited has informed the Exchange about Other Restructuring
PERSISTENT · price
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Persistent Systems has signed a Share Purchase Agreement to transfer 100% ownership of its Poland step-down subsidiary (Persistent Systems Poland Spółka z o.o.) from its US subsidiary (Persistent Systems Inc.) to its Ireland-based subsidiary (Aepona Group Limited). The Poland entity is a small ITES arm with a paid-up capital of PLN 5,000 and FY25 turnover of about PLN 12.1 million (roughly ₹2.6-2.8 crore). The deal is a cash transaction valued at PLN 8,819,650 (approximately ₹1.9-2 crore), expected to be completed by March 31, 2026. It is classified as a related party transaction done at arm's length, and no promoter or group company has any separate interest. The purpose is entity rationalization and operational efficiency within the group; the Poland entity was originally acquired in April 2023.
This is a routine internal reshuffle with no change in ultimate control of the Poland subsidiary, which remains wholly owned by the Persistent group. The financial size is immaterial relative to Persistent's overall business, so there is no meaningful impact on shareholders or the stock price.