Persistent Systems Limited announces a proposed secondary market purchase of its equity shares by the ESOP Trust. This move aims to facilitate vesting commitments for eligible employees under the PESOS 2014 and ESOP 2017 schemes. The company plans to acquire up to 40,000 additional shares by the end of Q1FY27, with purchases executed in tranches, excluding periods when the trading window is closed. The plan is set to commence the week of June 15, 2026.
ESOP Trust Share Acquisition Plan
Persistent Systems Limited is initiating a plan for its ESOP Trust to acquire additional equity shares through the secondary market. This initiative is designed to meet upcoming vesting commitments for employees under the company’s existing stock option schemes, specifically the Persistent Employees Stock Option Scheme 2014 (‘PESOS 2014’) and the Employee Stock Option Plan 2017 (‘ESOP 2017′). This plan follows shareholders’ approval to increase the equity pool for these schemes.
Purchase Details and Timeline
The ESOP Trust previously completed the purchase of 107,874 shares through the secondary market between May 15, 2026, and June 11, 2026. Building on this, the company intends to acquire additional equity shares, not exceeding 40,000, by the end of the first quarter of the financial year 2027 (Q1FY27), which is before June 30, 2026. These purchases will be executed in multiple tranches, with the exception of periods when the trading window is closed, ensuring compliance with applicable regulations.
Execution Commencement
The proposed plan for the acquisition of these additional equity shares is scheduled to commence in the week starting Monday, June 15, 2026. All purchase activities will be conducted in adherence to the relevant SEBI regulations, including the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the Company’s Code of Conduct.
Confirmation of Receipt
This communication serves as a confirmation for information and record purposes. Please acknowledge the receipt of this intimation.
Source: BSE
