Persistent Systems Limited — Regulatory Filings 2023

Apr 25, 2023

==> picture [108 x 25] intentionally omitted <==

NSE & BSE / 2023-24 / 014

April 25, 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 Sirs/Madam,

Sub: Related Party Transactions for the half-year ended as of March 31, 2023

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and all other applicable regulations, if any, the disclosures of related party transactions on a consolidated basis for the half-year ended March 31, 2023, are enclosed for your records.

Request you to note, the details in XBRL format have been submitted to both stock exchanges on April 25, 2023, by 0359 HRS IST.

Please acknowledge the receipt.

Thanking you,

Yours sincerely,

For Persistent Systems Limited

Amit Digitally signed by Amit Murari Murari Atre Date: 2023.04.25 Atre 05:19:20 +05'30' Amit Atre Company Secretary ICSI Membership No. A20507

Encl: As above

Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLC056696

Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - info@persistent.com | Website - www.persistent.com

==> picture [673 x 496] intentionally omitted <==

----- Start of picture text -----

Details of the party (listed entity /subsidiary) entering into the transaction Type of related party Details of other related party Value of the related party transaction as approved by the audit approval by audit Remarks on transaction during the reporting Value of either party as a result of the In case monies are due to transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments
Sr No. Details of the counterparty transaction transaction committee committee period
Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance balanceClosing (loan/ issuance of debt/ Nature of indebtedness any other etc.) Details of other indebtedness Cost Tenure intercorporate deposit/ Nature (loan/ advance/ investment ) Interest Rate (%) Tenure unsecuredSecured/ will be utilised by the ultimate recipient of funds (endusage)Purpose for which the funds
1 Persistent Systems Limited Dr. Anand Deshpande, Chairman and Managing Key management personnel of entity or parent Dividend paid 640.41 Yes 640.41 - -
Director
2 Persistent Systems Limited Dr. Anand Deshpande, Chairman and Managing Key management personnel of entity or parent Any other transaction Short term employee benefits 18.82 Yes 18.82 - -
Director
3 Persistent Systems Limited Mr. Sandeep Kalra, Executive Director and Chief Key management personnel Dividend paid 1.68 Yes 1.68 - -
Executive Officer
4 Persistent Systems Limited Mr. Sandeep Kalra, Executive Director and Chief Key management personnel Any other transaction Short term employee benefits 72.64 Yes 72.64 - -
Executive Officer
5 Persistent Systems Limited Mr. Sunil Sapre, Executive Director and Chief Key management personnel Dividend paid 0.33 Yes 0.33 - -
Financial Officer
6 Persistent Systems Limited Mr. Sunil Sapre, Executive Director and Chief Key management personnel Any other transaction Short term employee benefits 9.97 Yes 9.97 - -
Financial Officer
7 Persistent Systems Limited Mr. Amit Atre, Company Secretary Key management personnel Dividend paid 0.07 Yes 0.07 - -
8 Persistent Systems Limited Mr. Amit Atre, Company Secretary Key management personnel Any other transaction Short term employee benefits 2.56 Yes 2.56 - -
9 Persistent Systems Malaysia Sdn. Bhd. Mr. Azlin Ghazali, Director Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 6.31 Yes 6.31 - -
10 Persistent Systems Germany GmbH Mr. Christian Bucholdt, Director Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 9.12 Yes 9.12 - -
11 Persistent Systems France SAS Mr. Arnaud Pierrel, Director General Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 7.83 Yes 7.83 - -
12 Persistent Systems S.R.L. Mr. Rajasekar Sukumar, Director Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 28.53 Yes 28.53 - -
13 Youperience Limited Mr. Steven Ward, Director Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 10.90 Yes 10.90 - -
14 Persistent Systems France SAS Mr. Bruno Orsier, Director Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 6.03 Yes 6.03 - -
15 Persistent Systems, Inc., USA Mr. Thomas Klein, Director Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 26.32 Yes 26.32 - -
16 Persistent Systems Limited Ms. Avani Davda Independent Director Dividend paid 2.45 Yes 2.45 - -
17 Persistent Systems Limited Mr. Arvind Goel Independent Director Dividend paid 2.25 Yes 2.25 - -
18 Persistent Systems Limited Dr. Mukund Deshpande Promoter Group Dividend paid 6.80 Yes 6.80 - -
19 Persistent Systems Limited Mr. Simon Nicholas Llyod-Jenkins Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 9.99 Yes 9.99 - -
20 Persistent Systems Switzerland AG (Formerly known as Mr. Beat Kach Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 8.34 Yes 8.34 - -
21 Persistent Systems Switzerland AG (Formerly known as PARX Werk AG) Mr. Daniel Seiler Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 10.00 Yes 10.00 - -
22 Capiot Software Private LimitedPARX Werk AG) Mr. Sameer Bendre Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 13.29 Yes 13.29 - -
23 Capiot Software Private Limited Mr. Hitesh Salla Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 4.46 Yes 4.46 - -
24 Persistent Systems Limited Mrs. Sulabha Suresh Deshpande Promoter Group Dividend paid 0.01 Yes 0.01 - -
25 Persistent Systems Limited Ms. Roshini Bakshi Independent Director Any other transaction Sitting fees and Commission 2.40 Yes 2.40 - -
26 Persistent Systems Limited Mr. Pradeep Bhargava Independent Director Dividend paid 0.34 Yes 0.34 - -
27 Persistent Systems Limited Mr. Anand Jingran Independent Director Any other transaction Sitting fees and Commission 0.59 Yes 0.59 - -
28 Persistent Systems Limited Mr. Deepak Phatak Independent Director Any other transaction Sitting fees and Commission 2.10 Yes 2.10 - -
29 Persistent Systems Limited Mr. Praveen Kadle Independent Director Any other transaction Sitting fees and Commission 2.55 Yes 2.55 - -
30 Persistent Systems Limited Mr. Arul Deshpande Promoter Group Dividend paid 0.28 Yes 0.28 - -
31 Persistent Systems Limited Mr. Arul Deshpande Promoter Group Any other transaction Sitting fees and Commission 1.53 Yes 1.53 - -
32 Persistent Systems Limited Mr. Suresh Deshpande Promoter Group Dividend paid 0.01 Yes 0.01 - -
33 Persistent Systems Limited Mrs. Sonali Anand Deshpande Promoter Group Dividend paid 3.14 Yes 3.14 - -
34 Persistent Systems Limited Mrs. Chitra Buzruk Promoter Group Dividend paid 13.15 Yes 13.15 - -
35 Persistent Systems Limited Mr. Narasinha (Avadhoot) Upadhye Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 2.20 Yes 2.20 - -
36 Persistent Systems Limited Mr. Sachin Dewasthalee Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 3.95 Yes 3.95 - -
37 Persistent Systems Limited Mr. Amit Atre, Company Secretary Key management personnel Any other transaction Share based payments 4.66 Yes 4.66 - -
38 Persistent Systems, Inc., USA Mr. Thomas Klein, Director Key Managerial Personnel (Subsidiary) Any other transaction Share based payments 41.45 Yes 41.45 - -
39 Persistent Systems Limited Mr. Simon Nicholas Llyod-Jenkins Key Managerial Personnel (Subsidiary) Any other transaction Share based payments 11.91 Yes 11.91 - -
40 Persistent Systems Lanka (Private) Limited Mr. R Venkateswaran Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 4.98 Yes 4.98 - -
41 Persistent Systems Lanka (Private) Limited Mr. R Venkateswaran Key Managerial Personnel (Subsidiary) Any other transaction Share based payments 31.47 Yes 31.47 - -
42 Persistent Systems Limited Mr. Sameer Dixit Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 5.31 Yes 5.31 - -
43 Persistent Systems Limited Mr. Sameer Dixit Key Managerial Personnel (Subsidiary) Any other transaction Share based payments 9.08 Yes 9.08 - -
44 Persistent Systems Limited Dr. Ambuj Goyal Independent Director Dividend paid 2.20 Yes 2.20 - -
45 Capiot Software Inc. Mr. Vasudeva Anumukonda Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 15.50 Yes 15.50 - -
46 Capiot Software Inc. Mr. Vasudeva Anumukonda Key Managerial Personnel (Subsidiary) Any other transaction Share based payments 1.44 Yes 1.44 - -
47 Software Corporation International Mr. D. Keith Sides Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 11.56 Yes 11.56 - -
48 Persistent Systems Mexico, S.A. de C.V. Ms. Guadalupe Torres Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 2.64 Yes 2.64 - -
49 Fusion360 LLC Mr. Eric Massenburg Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 47.99 Yes 47.99 - -
50 Persistent Systems S.R.L. Mr. Brijesh Chandel Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 59.43 Yes 59.43 - -
51 Capiot Software Pty Ltd Mr. Abilash Mohan Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 7.29 Yes 7.29 - -
52 Persistent Systems Limited Mr. Dan’l Lewin Independent Director Dividend paid 2.05 Yes 2.05 - -
53 Data Glove IT Solutions Limitada Mr. Rajiv Korpal Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 22.23 Yes 22.23 - -
54 Data Glove IT Solutions Limitada Mr. Rahul Bajaj Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 22.98 Yes 22.98 - -
----- End of picture text -----

==> picture [673 x 140] intentionally omitted <==

----- Start of picture text -----

55 Data Glove IT Solutions Limitada Ms. Vanessa Hernandez Carrera Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 2.76 Yes 2.76 - -
56 Mediaagility India Private Limited Mr. Manish Khattar Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 8.72 Yes 8.72 - -
57 Persistent Systems Lanka (Private) Limited Mr. Nadarajan Surendren Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 3.05 Yes 3.05 - -
58 Persistent Systems Malaysia Sdn. Bhd. Ms. Audrey Reutens Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 1.68 Yes 1.68 - -
59 Persistent Systems Malaysia Sdn. Bhd. Mr. John Ryan Key Managerial Personnel (Subsidiary) Any other transaction Sitting fees and Commission 2.35 Yes 2.35 - -
60 Persistent Systems Limited Mr. Aditya Pathak Relative of Director Dividend paid 1.13 Yes 1.13 - -
61 Persistent Systems Limited Mrs. Asha Sapre Relative of Director Dividend paid 1.66 Yes 1.66 - -
62 Persistent Systems Limited Ms. Roshini Bakshi Independent Director Dividend paid 0.20 Yes 0.20 - -
63 Capiot Software Inc Mr. Anil Kshirsagar Key Managerial Personnel (Subsidiary) Any other transaction Earnout payment 10.78 Yes 10.78 - -
64 Persistent Systems Limited Mr. Sunil Sapre, Executive Director and Chief Key management personnel Any other transaction Other payment 0.30 Yes 0.30 - -
Financial Officer
65 Persistent Systems Limited Mrs. Asha Sapre Relative of Director Any other transaction Other payment 0.30 Yes 0.30 - -
66 MediaAgility UK Ltd Mr. Nilesh Chavda Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 5.06 Yes 5.06 - -
67 Mediaagility India Private Limited Mr. Nirdesh Kumar Chahal Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 1.22 Yes 1.22 - -
68 Mediaagility India Private Limited Mr. Shekhar Patankar Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 1.12 Yes 1.12 - -
69 Mediaagility India Private Limited Mr. Kamal Puri Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits (29.65) Yes (29.65) - -
70 MediaAgility S de RL de CV Mr. Abhay Sathe Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits 0.05 Yes 0.05 - -
71 MediaAgility Inc. Mr. Rajesh Abhyankar Key Managerial Personnel (Subsidiary) Any other transaction Short term employee benefits (2.47) Yes (2.47) - -
----- End of picture text -----