Persistent Systems has announced plans to purchase up to 250,000 additional equity shares by the end of the fourth quarter of FY26. This acquisition is aimed at meeting the upcoming vesting commitments under the company’s stock option schemes.
The company’s ESOP Trust completed the purchase of 100,000 equity shares on March 13, 2026. The additional shares will be acquired in multiple tranches, excluding periods when the trading window is closed, and in compliance with SEBI regulations and the company’s code of conduct.
This strategic move is part of the Persistent Employees Stock Option Scheme 2014 and Employee Stock Option Plan 2017, which are managed by the ESOP Trust. The shares acquired will be transferred to eligible employees upon exercise of their stock options.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).