Persistent Systems Limited has executed a Share Purchase Agreement (SPA) for the transfer of its 100% shareholding in Persistent Systems Poland Spółka z o.o., Poland, from its wholly-owned subsidiary Persistent Systems Inc., USA, to another wholly-owned subsidiary, Aepona Group Limited, Ireland. This transaction, effective March 4, 2026, is part of an internal group restructuring aimed at entity rationalization and operational efficiency. The target entity, Persistent Systems Poland Spółka z o.o., operates in the ITES sector, specializing in software services, computer programming, and consultancy. It was acquired in April 2023. The turnover for FY25 was PLN 12,116,407, for FY24 was PLN 12,758,912, and FY23 was nil. The paid-up capital is PLN 5,000. The transaction involves a cash consideration of PLN 8,819,650.00. It has been classified as a related party transaction conducted at arm's length, with no direct benefit to the promoter or promoter group. Following the restructuring, Persistent Systems Poland Spółka z o.o. will be considered a wholly-owned subsidiary of Aepona Group Limited, Ireland. The remittance for the transaction is expected by March 31, 2026.
