Persistent Systems Limited — JV/Acquisition, 05-03-2026: Amalgamation/Merger

Persistent Systems has merged its US step-down subsidiary, Starfish Associates LLC, into its US wholly-owned subsidiary, Persistent Systems Inc., effective March 2, 2026. This strategic move aims to achieve entity rationalisation and boost operational efficiency within the group. Starfish Associates reported a turnover of $5.52 million and profit of $0.45 million, while Persistent Systems Inc. had a turnover of $303.62 million and profit of $6.47 million as of March 2025. This internal restructuring has no impact on the listed entity's shareholding pattern.