Persistent Systems announced a plan for its ESOP Trust to purchase up to 250,000 Equity Shares through multiple tranches in the secondary market. This acquisition aims to meet upcoming vesting commitments under the PESOS 2014 and ESOP 2017 schemes. The purchase window commences the week starting March 16, 2026, and must be concluded before the end of Q4FY26 (March 31, 2026), subject to trading window closures.
Continuation of Share Acquisition Program
Persistent Systems has provided an update regarding the secondary market purchase of its shares by the PSPL ESOP Management Trust (ESOP Trust). This initiative is intended to source equity for the Employee Stock Option Schemes, namely PESOS 2014 and ESOP 2017, following prior shareholder approval.
The ESOP Trust recently completed the purchase of an additional 100,000 Equity Shares in the secondary market on March 13, 2026. This action aligns with the approved sources of equity, which include secondary acquisition to facilitate vesting requirements.
Upcoming Purchase Details
In continuation of this activity and to fulfill future vesting obligations for employees across the Company and its subsidiaries, the ESOP Trust has approved a further acquisition plan. The objective is to acquire additional Equity Shares not exceeding 250,000 Shares.
Key Parameters for Acquisition:
- The purchase will occur in multiple tranches through the ESOP Trust.
- Acquisitions will be suspended during periods when the Trading Window is closed.
- The purchase plan is set to commence from the week starting Monday, March 16, 2026.
- The entire plan must be executed and completed before the close of Q4FY26, specifically by March 31, 2026.
The company assures that this purchase plan will strictly adhere to all applicable market regulations, including those concerning insider trading.
Source: BSE
