Persistent Systems Limited — QIP/Rights/Pref., 22-01-2025: Issue of Securities

Persistent Systems has announced a board meeting where the issuance of 560,000 equity shares at INR 5 each to the PSPL ESOP Management Trust was approved. This issuance, aligned with shareholder approvals from prior Annual General Meetings, will occur in single or multiple tranches at the exercise prices of the underlying options. These shares will subsequently be allocated to eligible employees upon their exercise of options, supporting the company's employee stock ownership plan initiatives.