Persistent Systems Limited (the Company) has submitted a regulatory disclosure to the National Stock Exchange of India Limited (NSE) and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular ref. no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The disclosure concerns the establishment of a new subsidiary in Estonia by Aepona Group Limited, which is a wholly-owned subsidiary of Persistent Systems Limited. The acquisition was completed on May 22, 2026.
Key Details of the Acquisition:
Target Entity: PerSys Estonia OÜ
Country of Incorporation: Estonia
Share Capital: EUR 10,000
Turnover: Not applicable (newly established company)
Transaction Details:
- The acquisition is not a related party transaction.
- Promoters/Promoter Group of Persistent group entities do not have any interest in this transaction.
- The target entity operates in the Information Technology and Information Technology-enabled services industry.
- The purpose of the acquisition is to expand the company's technology services footprint in the Europe region.
- No governmental or regulatory approvals were required for this acquisition.
- The acquisition was completed immediately upon signing.
- The consideration was entirely in cash.
- The cost of acquisition was EUR 10,000.
- PerSys Estonia OÜ has become a wholly-owned subsidiary of Aepona Group Limited.
Background on Acquired Entity:
- PerSys Estonia OÜ was incorporated in April 2026.
- The company is headquartered in Estonia.
- It is a newly established entity with no historical turnover.
Disclosure Compliance:
The intimation was digitally signed by Amit Murari Atre, Company Secretary (ICSI Membership No.: A20507) on May 22, 2026, at 23:38:41 IST.