Persistent Systems Limited — JV/Acquisition, 03-03-2026: Amalgamation/Merger

Persistent Systems has merged its step-down subsidiary, Persistent Telecom Solutions Inc., USA, into its wholly-owned subsidiary, Persistent Systems Inc., USA. This move, effective February 28, 2026, aims to rationalize entities and boost operational efficiency within the group. The merger involves no cash consideration or share exchange for the listed entity. No change in the listed entity's shareholding pattern is expected, as this transaction is between subsidiaries and does not directly impact Persistent Systems Ltd.'s financials or share structure.