Persistent Systems Limited has informed the Exchange regarding 'Intimation of proposed Secondary Market Purchase of Persistent Shares by ESOP Trust of the Company in a scheduled manner'.
PERSISTENT · price
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Awaiting price reaction for this filing.
Persistent Systems' ESOP Trust plans to buy up to 125,000 equity shares from the secondary market by March 31, 2026, to meet upcoming employee stock option vesting commitments under the PESOS 2014 and ESOP 2017 schemes. The purchases will be made in multiple tranches starting from the week of March 2, 2026, in compliance with SEBI insider trading regulations, and only when the trading window is open. This follows a similar purchase of 74,255 shares made in Q4FY25. The shares will eventually be transferred to eligible employees upon exercise of their stock options via off-market transfers to their demat accounts.
This is a routine ESOP-related share purchase by the company's trust, not a company buyback, so it should not materially affect the stock price. The buying may provide mild near-term support, but the volume (up to 125,000 shares) is small relative to Persistent's overall market cap and float.