Persistent Systems Limited has executed Share Purchase Agreements (SPAs) on December 24, 2025, as part of an internal group restructuring initiative. The restructuring involves the transfer of 100% shareholding of three entities from Persistent Systems Germany GmbH. Firstly, Persistent Systems Costa Rica Limitada will be transferred to Persistent Systems Inc., USA. This entity, specializing in software products and services in telecom and PLM domains, had a turnover of CRC 3,279,653,575 in FY25 and a paid-up capital of CRC 40,000. The transfer is aimed at entity rationalization and operational efficiency, with completion expected before March 31, 2026. Secondly, Persistent Systems Switzerland AG will be transferred from Persistent Systems Germany GmbH to Aepona Group Limited, Ireland. This ITES entity, incorporated in January 2001, reported a FY25 turnover of CHF 7,139,252 and has a paid-up capital of CHF 250,000. This move also aims for group-level rationalization and operational efficiency, with a target completion date before March 31, 2026. Thirdly, Persistent Systems S.R.L., Romania, will be transferred from Persistent Systems Germany GmbH to Aepona Group Limited, Ireland. This ITES entity, incorporated in June 2022, had a FY25 turnover of RON 11,610,420 and a paid-up capital of RON 545,000. The objective is similar: to achieve entity rationalization and operational efficiency within the group, with completion anticipated before March 31, 2026. All these transactions are considered related party transactions conducted at arm's length. The company anticipates completing these restructurings by March 31, 2026.
