Key Quantitative Figures
- ESOP Trust completed purchase of 107,874 shares of the company through secondary market during May 15, 2026 to June 11, 2026
- ESOP Trust plans to acquire additional equity shares not exceeding 40,000 shares by end of Q1FY27 (before June 30, 2026)
Dates of Action
- Previous purchase period: May 15, 2026 to June 11, 2026
- New purchase plan execution: Week starting Monday, June 15, 2026
- Completion deadline for new purchases: Before June 30, 2026
Parties Involved
- Persistent Systems Limited (Company)
- PSPL ESOP Management Trust (ESOP Trust)
- Eligible employees of the company and its subsidiaries
- National Stock Exchange of India Limited
- BSE Limited
Purpose and Rationale
To meet upcoming vesting commitments of eligible employees of the company and its subsidiaries under the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and Employee Stock Option Plan 2017 (ESOP 2017).
Purchase Methodology
- Purchase of shares in multiple tranches through ESOP Trust
- Excludes periods when Trading Window is closed
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and Company's Code of Conduct
- Shares transferred to eligible employees through off-market transfer to their demat accounts upon exercise of stock options
Background Context
The shareholders had previously approved increasing the Pool under PESOS 2014 and ESOP 2017 schemes by way of source of equity to the ESOP Trust, which could be either through fresh issue or secondary acquisition at management's discretion.
#Tags: #PersistentSystems #ESOP #SEBIDisclosure #RegulatoryCompliance #Neutral