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Persistent Systems Limited Regulatory Filings 2023

Dec 16, 2023

60826_rns_2023-12-16_44c122da-2a4e-4c9d-b85c-73a5384f269b.pdf

Regulatory Filings

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NSE & BSE / 2023-24 / 186

December 16, 2023

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

Ref: Symbol: PERSISTENT

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

Ref: Scrip Code: 533179

Dear Sir/Madam,

Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular bearing ref. no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 (‘the SEBI Circular’), we wish to inform you the requisite details of communication received by Persistent Systems Inc from the overseas authority:

Sr. No.	Particulars	Details
1	Name of the authority	Vermont State Department of Taxes
2	Nature and details of the action(s)taken, initiated or order(s) passed	Orders passed/ Action takenPenalty - USD 255.53 levied on Subsidiary Entity namelyPersistent Systems Inc.
3	Date of receipt of direction or order,including any ad-interim or interimorders, or any other communicationfrom the authority	The communication was received by the US Officethrough mail, and the same was then intimated to IndiaOffice on December 15, 2023
4	Detailsoftheviolation(s)/contravention(s)committedoralleged to be committed	Penalty for shortfall of tax payment for FY 21-22 in caseof Persistent Systems Inc. due to adjustment of previousyear overpayment amount against liability of earlier yearby the Department.
5	Impact on financial, operation orother activities of the listed entity,quantifiable in monetary terms to theextent possible	There is no material impact on financials, operations orother activities of the Listed Company.