Persistent Systems: Disclosure For Large Corporate

In terms of the SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018 the details of the Company are as follows:

a. Specified securities - Equity Shares of the Company are listed on the BSE Limited and the National Stock Exchange of India Limited.

b. Outstanding borrowing of the Company as on March 31 2021 - The outstanding borrowing of Company as on March 31 2021 on standalone basis is INR 0.75 Crores (INR 0.739 Crores towards principal and INR 0.011 Crores towards interest accrued but not due) which is less than the prescribed limit of INR 100 Crores provided in the said circular.

c. Credit Rating - In recent past the Company has not taken any credit rating and hence this is not applicable.

Accordingly we hereby confirm that our Company is not a Large Corporate and request you to take the same on record.