Persistent Systems has announced that its ESOP Trust intends to acquire an additional 100,000 Equity Shares from the secondary market before the end of Q4FY26 (March 31, 2026). This action supports upcoming vesting commitments under the PESOS 2014 and ESOP 2017 schemes. The Trust had previously acquired 125,000 shares between March 5 and March 11, 2026. The purchases will occur in multiple tranches, starting Thursday, March 12, 2026, excluding Trading Window closure periods.
ESOP Trust Secondary Market Acquisition Plan
Persistent Systems Limited has disclosed a continuation of its plan for the PSPL ESOP Management Trust (ESOP Trust) to purchase the Company’s Equity Shares from the secondary market. This move is intended to cater to the vesting requirements of eligible employees under the Persistent Employees Stock Option Scheme 2014 (‘PESOS 2014’) and the Employee Stock Option Plan 2017 (‘ESOP 2017’).
Scale of New Purchase
Following shareholder approval, which allows for equity acquisition through fresh issue or secondary purchase, the ESOP Trust will acquire additional Equity Shares not exceeding 100,000 Shares. This acquisition must be completed by the end of Q4FY26 (before March 31, 2026). This follows a recent transaction where the Trust already purchased 125,000 Equity Shares between March 5, 2026, and March 11, 2026.
Execution Details
The purchase plan will be executed in multiple tranches through the ESOP Trust, subject to compliance with regulatory requirements and excluding periods when the Trading Window is closed. The Company confirmed that the execution of this purchase plan is scheduled to commence in the week starting from Thursday, March 12, 2026.
The Company Secretary, Amit Atre (ICSI Membership No.: A20507), authorized the disclosure.
Source: BSE
