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Persistent Systems Approves Issuance of 1,100,000 Equity Shares to ESOP Trust
Persistent Systems Limited
January 20, 2026, 11:00 AM
Persistent Systems' Board approved issuing 1,100,000 equity shares to the PSPL ESOP Management Trust. This action is in line with previous member approvals at AGMs in 2021, 2023, and 2024. The Stakeholders Relationship and ESG Committee will handle the allotment in tranches.
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Persistent Systems Limited announced today that its Board of Directors, during a meeting held on January 20, 2026, has approved the issuance of 1,100,000 equity shares of face value ₹5 each to the PSPL ESOP Management Trust.
This approval follows resolutions passed by the company's members at its 31st, 33rd, and 34th Annual General Meetings held in July 2021, 2023, and 2024, respectively, which enabled the company to issue fresh equity shares to the ESOP Trust that administers the company's ESOP Schemes.
The Board has further authorized the Stakeholders Relationship and ESG Committee to allot these equity shares to the ESOP Trust in one or more tranches at the price of the underlying options. The company has provided the requisite disclosure as per SEBI regulations.
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