Persistent Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/07/2025 ,inter alia, to consider and approve The Board of Directors will ....
PERSISTENT · price
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Persistent Systems has informed the stock exchanges that its Board of Directors will meet on Wednesday, July 23, 2025, to consider issuing equity shares of face value INR 5 each to the PSPL ESOP Management Trust. This is an update to an earlier intimation dated June 24, 2025, filed under SEBI Listing Regulations. The share issuance will be within the limits already approved by shareholders at the 31st AGM (July 2021) and 33rd AGM (2023). This move is aimed at funding the company's employee stock option scheme through the trust.
This is a routine ESOP-related share allotment to the company's employee stock trust and is within previously approved shareholder limits, so it is unlikely to cause any significant dilution shock or material impact on the stock price.