Persistent Systems Limited — Major Shareholding Notification 2021

Apr 6, 2021

NSE & BSE / 2021‐22 / 01

April 1, 2021

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

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

Ref: Scrip Code: 533179

Dear Sir/Madam,

Ref: Symbol: PERSISTENT

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 1, 2021 from Dr. Anand Suresh Deshpande and Mr. Suresh Purushottam Deshpande for the shareholding as on March 31, 2021 in the prescribed format as Annexure 1.

Please acknowledge the receipt.

Thanking you,

Yours Sincerely, For Persistent Systems Limited

Amit Atre Company Secretary ICSI Membership No.: A20507

Encl.: As above

Dr. Anand Deshpande 101 Vanashree Apartment 94 / 20. Erandavane Prabhat Road, Lane 11 Pune 411 004

Mr. S. P. Deshpande "Renuka", 39/54, Erandvana, Prabhat Road, Lane 9B, Pune 411 004

SAST / 2021-22

April 1, 2021

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 1, 2021 for the shareholding as on March 31, 2021 in the prescribed format as Annexure A for your ready reference.

Please acknowledge the receipt.

Thanking you,

Yours sincerely,

Anand Deshpande

Anand Suresh Deshpande Promoter

Encl.: As above

eshpande

Suresh Purushottam Deshpande Promoter

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

$\sim 10^7$

Part A - Details of Shareholding

Name of the Target Company (TC) 1.	Persistent Systems Limited
Name(s) of the stock exchange(s) 2. where the shares of the TC are listed	1. National Stock Exchange of India Limited (NSE) 2. BSE Limited (BSE)
3. Particulars of the shareholder(s):
a. Name of person(s) together with Persons Acting in Concert (PAC) whose total holding (including that in the form of shares, warrants, convertible securities and any other instrument that would entitle the holder to receive shares in the TC) is more than 25% of the voting rights of the TC.	N.A.
or
b. Name(s) of promoter(s), member $ 1\rangle$ . of the promoter group and PAC with him.	Dr. Anand Suresh Deshpande Mr. Suresh Purushottam Deshpande 2. Ms. Sulabha Suresh Deshpande 3. Ms. Sonali Anand Deshpande 4. 5. Ms. Chitra Hemadri Buzruk Dr. Mukund Suresh Deshpande 6. Mr. Hemadri Narayan Buzruk 7. Mr. Padmakar Govind Khare 8. Mr. Arul Anand Deshpande 19. 10. Ms. Gayatri Hemadri Buzruk 11. M/s. Rama - Purushottam Foundation

12. Particulars of the shareholding of person(s) mentioned at (3) above	Number of shares	% w.r.t. total share / voting capital wherever applicable	% of total diluted Share / voting capital of TC $(*)$
As of March 31, 2020, holding of:
Shares a.
Dr. Anand Suresh Deshpande ì.	22,849,840	29.8984	NA
Mr. Suresh Purushottam Deshpande ii.	5,000	0.0065	NA
Ms. Sulabha Suresh Deshpande iii.	46,000	0.0602	NA
Mrs. Chitra Hemadri Buzruk iv.	469,400	0.6142	NA
Dr. Mukund Suresh Deshpande V.	400,025	0.5234	NA
Mr. Sonali Anand Deshpande vi.	112,000	0.1465	NA
vii. Mr. Hemadri Narayan Buzruk	7,820	0.0102	NA
Mr. Padmakar Govind Khare viii.	880	0.0012	NA
Mr. Arul Anand Deshpande ix.	10,000	0.0131	NA
Ms. Gayatri Hemadri Buzruk x.	10,000	0.0131	NA
Rama - Purushottam Foundation xi.	Nil	Nil	NA
b. Voting Rights (otherwise than by shares)	NA
Warrants, $C_{\star}$	NA
Convertible Securities $d_{\infty}$	NA
Any other instrument that would e. entitle the holder to receive shares	ΝA
in the TC.
Total	23,910,965	$31.2868$ (#)

(*) 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.

Part B**

Name of the Target Company: Persistent Systems Limited

Name(s) of the person and Persons Acting in Concert (PAC) with the person	Whether the person belongs to Promoter/Promoter
	group
Dr. Anand Suresh Deshpande	Promoter
Mr. Suresh Purushottam Deshpande	Promoter
Ms. Sulabha Suresh Deshpande	Promoter Group
Ms. Sonali Anand Deshpande	Promoter Group
Ms. Chitra Hemadri Buzruk	Promoter Group
Dr. Mukund Suresh Deshpande	Promoter Group
Mr. Hemadri Narayan Buzruk	Promoter Group
Mr. Padmakar Govind Khare	Promoter Group
Mr. Arul Anand Deshpande	Promoter Group
Ms. Gayatri Hemadri Buzruk	Promoter Group
Rama - Purushottam Foundation	Promoter Group

(**) Part B shall be disclosed to Stock Exchanges but shall not be disseminated

Anand Deshpande

Anand Suresh Deshpande Promoter

estypande

Suresh Purushottam Deshpande Promoter

Date : April 1, 2021 Place : Pune