Persistent Systems Limited — Major Shareholding Notification 2019

Apr 10, 2019

NSE & BSE / 2019-20 / 002

April 3, 2019

The Manager Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

The Manager Corporate Services, BSE Limited 14th Floor, P J Towers, Dalal Street, Mumbai 400 001

Ref: Symbol: PERSISTENT

Ref: Scrip Code: 533179

Dear Sir/ Madam,

Sub.: Annual Disclosure by the Promoters under Regulation 30{1) and 30(2) of SEBI {Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Please note that Dr. Anand Suresh Deshpande and Mr. Suresh Purushottam Deshpande, Promoters of Persistent Systems Limited (the 'Company') along with Persons Acting in Concert (PAC) hold Equity Shares more than 25% of the paid-up Capital of the Company.

In terms of Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find attached the disclosure dated April 2, 2019 from Dr. Anand Suresh Deshpande and Mr. Suresh Purushottam Deshpande for the shareholding as on March 31, 2019 in the prescribed format as Annexure 1, received on April 3, 2019.

Please acknowledge the receipt.

Thanking you,

Yours faithfully, For Persistent Systems Limited

Encl.: As above

Persistent Systems Limited, Bhageerath, 402, Senapati Bapat Road, Pune 411016 I Tel : +91 (20) 670 30000 Persistent Systems Inc., 2055, Laurelwood Rd, Suite 210, Santa Clara, CA 95054, USA I Tel : +1 (408) 216 7010 CIN - L72300PN1990PLC056696 I Fax· +91.(20) 6703 0009 I e-mail· info@persistent.com I Website - www.persistent.com Dr. Anand Deshpande Flat No. 101, Vanashree Apartment, CTS 94 / 20, Prabhat Road, Lane No.10, Erandwane, Pune 411 004

Mr. S. P. Deshpande "Renukan ,39/54, Erandvana, Prabhat Road, Lane 98, Pune 411 004

i

SAST / 2019-20

April 2, 2019

Persistent Systems Limited Bhageerath, 402 Senapati Bapat Road, Pune 411 016

Dear Sir/ Madam,

Sub.: Annual Disclosure by the Promoters under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Please note that we, Anand Suresh Deshpande and Suresh Purushottam Deshpande, Promoters of Persistent Systems Limited (the 'Company') along with Persons Acting in Concert (PAC), hold Equity Shares more than 25% of the paid-up capital of the Company.

In terms of Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find attached the disclosure dated April 2, 2019 for the shareholding as on March 31, 2019 in the prescribed format as Annexure A for your ready reference.

Please acknowledge the receipt.

Thanking you,

Yours sincerely,

Anand Suresh Deshpande Promoter

Suresh Purushottam Deshpande Promoter

Encl.: As above

Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part A- Details of Shareholding

1.Name of the Target Company (TC)	Persistent Systems Limited1.National Stock Exchange of India Limited (NSE)2.BSE Limited (BSE)
2.Name(s) of the stock exchange(s)where the shares of the TC are listed
Particulars of the shareholder(s):3.a.Name of person(s) togetber withPersons Acting in Concert (PAC)whose total holding (including thatin the form of shares, warrants,convertible securities and any otherinstrument that would entitle theholder to receive shares in the TC) ismore than 25% of the voting rightsof the TC.	N.A.
or
b.Name(s) of promoter(s), member ofthe promoter group and PAC withhim.	1.Dr. Anand Suresh Deshpande2.Mr. Suresh Purushottam Deshpande3. Mrs. Sulabha Suresh Deshpande4. Mrs. Sonali Anand Deshpandes.Mrs. Chitra Hemadri Buzruk6.Dr. Mukund Suresh Deshpande7. Mr. Hemadri Narayan Buzruk8. Mr. Padmakar Govind Khare

4.Particulars of the shareholding ofperson(s) mentioned at (3) above	Numberofshares	% w.r.t. totalshare / votingcapitalwhereverapplicable	% of total dilutedShare / voting capitalofTC (*)
As of March 31, 2019, holding of:
a.Shares
i.Dr. Anand Suresh Deshpande	2,28,41,340	28.6839	NA
ii.Mr. Suresh Purushottam Deshpande	5,000	0.0063	NA
iii.Mrs. Sulabha Suresh Deshpande	5,66,000	0.7108	NA
iv.Mrs. Chitra Hemadri Buzruk	4,69,400	0.5895	NA
v.Dr. Mukund Suresh Deshpande	3,74,825	0.4707	NA
vi.Mrs. Sonali Anand Deshpande	1,12,000	0.1406	NA
vii.Mr. Hemadri Narayan Buzruk	7,820	0.0098	NA
viii.Mr. Padmakar Govind Khare	780	0.0010	NA
	0	0	NA
b.Voting Rights(otherwise than by shares)c.Warrants,d.Convertible Securities	NANANA		NA
e.Any other instrument that would	NA
entitle the holder to receive shares inthe TC.			-
Total-.,., .,,--,�·1--�---	2,43,77,165	30.6126(#)	-----·----"wwww_, __ ,,,w,,----"•Hn--�

(*) Diluted share / voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

( # ) Rounded up to the nearest 10 digits.

Note - In case of promoter(s) making disclosure under regulation 30(2), no additional disclosure under regulation 30(1) is required.