In a recent update, Persistent Systems Limited has confirmed the completion of the acquisition of identified assets of SoHo Dragon LT, UAB, a company based in Lithuania, on March 13, 2025. The acquisition follows the earlier intimation made by the company on February 13, 2025, under the reference number NSE & BSE / 2024-25 / 252.

This acquisition, which falls under the compliance of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has met all necessary customary closing conditions as of the stated date. This includes adhering to SEBI Circular ref. no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023, along with any amendments made to the regulation over time. The completion of this acquisition signifies a significant step forward for Persistent Systems in its global expansion and strategic growth.

The company emphasized that the acquisition is in accordance with SEBI's corporate governance and disclosure regulations, reinforcing its commitment to transparent operations. The finalization of this acquisition aligns with the company’s goal of expanding its capabilities in the international market, particularly in the Lithuanian region, and enhancing its technology and service offerings.

Persistent Systems is a leader in IT services and solutions and is known for its innovative approach in the field of digital transformation. With this acquisition, the company will have greater leverage in the region, helping them enhance their service portfolio, expand market share, and access new business opportunities.

The acquisition is expected to lead to an expansion of business operations and bolster Persistent Systems' presence in Lithuania. The transaction, while aligning with the company’s broader growth strategy, is expected to be beneficial in strengthening its global operations and positioning as a leader in the global IT services market.

Persistent Systems has assured stakeholders that all necessary regulatory approvals have been obtained and that the company remains committed to complying with applicable regulations in all future business transactions. The company continues to focus on maintaining its strong financial health and offering sustainable solutions to clients across the globe.

For further updates, stakeholders and the public can refer to the company’s official communication channels.

This announcement is in line with the company’s prior filing with the National Stock Exchange of India Limited (NSE) and BSE Limited, under the reference symbols PERSISTENT and 533179, respectively. Persistent Systems also requested that the stock exchanges acknowledge the receipt of this information for their records.

Acknowledging the acquisition and moving forward, Persistent Systems looks forward to utilizing the newly acquired assets to drive continued innovation and create value for all stakeholders involved. This step reflects the company’s dedication to growth and strategic acquisitions aimed at fostering long-term success.

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