Persistent Systems Ltd.

With reference to the reports published on May 15, 2025, by certain financial analysts and media outlets speculating on the likelihood of a material impact on its financial performance related to a customer. As a matter of policy, we do not comment on individual customer situations. However, Persistent Systems has clarified for its investors that there has been no such event that materially impacts the financial performance of the Company.

The above information is a part of company’s filings submitted to BSE.