Persistent Systems Limited circulated its 32nd Annual Report 2021-22 on June 24 2022. In Part A of Annexure C to the Report of the Directors appearing on pages 99 and 100 of the Annual Report while determining the median remuneration of employees the interns who are undergoing an internship with the Company were erroneously included. Due to this error under Note 2 of Part A the median remuneration of employees of the Company was inadvertently disclosed as ? 714 812 whereas the number without considering the interns is ? 1 259 004. Further under Note 4 it was stated that the median remuneration showed a decrease of 35% in FY 2021-22 whereas it has actually increased by 14.5%. The correction in median remuneration has an effect on the ratio of remuneration of directors and key managerial personnel to the median remuneration of employees. Therefore the said disclosure under Part A of Annexure C to the Report of the Directors is being amended and corrected by this Errata.
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