5331792026-05-285331792026-05-282026-05-285331792026-05-28in-capmkt:FinancialYear1Member5331792026-05-28in-capmkt:FinancialYear2Member5331792026-05-28in-capmkt:FinancialYear3Member5331792026-05-282026-05-28in-capmkt:FinancialYear1Member5331792026-05-282026-05-28in-capmkt:FinancialYear2Member5331792026-05-282026-05-28in-capmkt:FinancialYear3Memberiso4217:INRxbrli:pure533179Persistent Systems LimitedPERSISTENTNOTLISTEDINE262H01021NewAcquisition (including agreement to acquire)false2026-05-2814:04:002026-05-28PerSys Estonia OUSubsidiaryConcise Systems OU1610000000100000000290000000falsefalsefalsefalseIT services and IT enabled servicesThe acquisition of the Business will help in consolidating the relationship with a strategic customer and expand our nearshore delivery presence in Eastern Europe. Persistent is the primary service provider to the customer and the Business is already structured as a sub-con arrangement through Persistent. The acquisition is being done to de-risk the long term delivery to the customer as well as to open other avenues of partnership between the customer and Persistent.NAfalseIt is expected that acquisition of the Business will be completed within 4-8 weeks subject to satisfaction of customary closing conditions.Cash620000000The total purchase consideration for the acquisition of the Business is EUR 5.6M i.e., INR 62.40 crores. It includes deferred payment of EUR 1.5M over a period of 2 years.620000000000Concise founded in 2008 in Estonia, provides software engineering and IT Consulting services. Persistent is acquiring part of their business from Concise as mentioned above. The annual revenue from the Business is estimated to be EUR 11.6 M.2024-202516100000002023-202416100000002022-20231650000000EstoniaPersistent through its step-down subsidiary namely PerSys Estonia OU has entered into a Business Purchase Agreement with M/s. Concise Systems OU (Concise) on May 28, 2026, to acquire part of its business. This transaction is subject to customary closing conditions. The business being acquired includes purchased assets, assumed liabilities along with select employees and contractors (Business). The annual revenue from this Business is estimated to be EUR 11.6M. Persistent is not acquiring shares of Concise and only part of their business will be acquired as mentioned above.Also, it is not a related party transaction.