The intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 is as enclosed.
PERSISTENT · price
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Persistent Systems' wholly-owned subsidiary Aepona Group Limited has established a new subsidiary in Estonia named PerSys Estonia OÜ. The acquisition cost was EUR 10,000 and was completed on May 22, 2026. The new entity, incorporated in April 2026, is headquartered in Estonia and operates in the IT and IT-enabled services sector. The company states the move is to expand its technology services footprint in the Europe region. The transaction is not a related party transaction and does not require any governmental or regulatory approvals.
The establishment of a European subsidiary through Aepona Group expands Persistent Systems' geographic footprint in Europe, potentially opening new client opportunities in the region. The small acquisition cost (EUR 10,000) suggests a strategic footprint expansion rather than a large acquisition.