Persistent Systems’ Board of Directors has approved the issuance of 1,100,000 Equity Shares to the PSPL ESOP Management Trust. The decision, made on January 20, 2026, follows member approvals from July 2021, 2023, and 2024. The Stakeholders Relationship and ESG Committee is authorized to allot the Equity Shares in single or multiple tranches, managing pricing and procedural aspects.
Equity Share Issuance Approval
The Board of Directors at Persistent Systems has given the green light for issuing 1,100,000 Equity Shares to the PSPL ESOP Management Trust. This decision occurred during a meeting held on January 20, 2026.
Background and Authorization
Resolutions passed in July 2021, 2023, and 2024, at the 31st, 33rd, and 34th Annual General Meetings enabled the company to issue shares to the ESOP Trust. The Stakeholders Relationship and ESG Committee now has the authority to allot these shares.
Allotment and Terms
The approved issuance allows for allotment in one or more tranches, with pricing based on underlying options. The Equity Shares will have a face value of INR 5 each.
Issuance Details
Type of security: Equity Shares
Type of Issuance: Issuance of Equity Shares of the Company to the ESOP Trust under Section 62(1)(b) and other provisions of the Companies Act, 2013, and Regulation 3(1) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Total Number of Securities: 1,100,000 (One Million One Hundred Thousand only) Equity Shares of INR 5 (Five) each; these shares shall be allotted to the ESOP Trust in single/multiple tranches at the respective price of the underlying options.
Source: BSE
