The intimation of proposed Secondary Market Purchase of Persistent Shares by the ESOP Trust of the Company is as enclosed.
PERSISTENT · price
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Persistent Systems' ESOP Trust plans to purchase up to 125,000 additional equity shares through secondary market transactions by end of Q1FY27 (June 30, 2026). The trust had already acquired 212,232 shares between March 16-26, 2026, bringing total March 2026 purchases to 437,232 shares. These purchases are meant to fulfill vesting commitments for eligible employees under the PESOS 2014 and ESOP 2017 stock option schemes. The purchases will be made in multiple tranches starting May 15, 2026, in compliance with SEBI insider trading regulations.
This is a routine corporate action for employee retention purposes. The ESOP Trust buying shares on the open market could provide minor support to the stock price, but the impact is negligible given the relatively small quantity (125,000 shares) against the company's total outstanding shares.