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120
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Annual Report 2016-17
The Audit Committee and the Board of Directors look into the related party transactions entered into by the Company
including those with the subsidiary companies.
Details of percentage holding of the Company in the subsidiary companies as on March 31, 2017:
Name of the Subsidiary Company
Registered
in
Holding percentage
Persistent Systems Inc.
USA
100%
Persistent Telecom Solutions Inc.
USA
(100% subsidiary of Persistent Systems Inc. – Step
down subsidiary of the Company)
Persistent Systems Pte. /td.
Singapore
100%
Persistent Systems France S.A.S.
France
100%
Persistent Systems Malaysia Sdn. Bhd.
Malaysia
100%
Persistent Systems Germany GmbH
Germany
100%
Akshat Corporation (dba R-Gen Solutions)
USA
(100% subsidiary of Persistent Systems Inc. – Step
down subsidiary of the Company)
Aepona Holdings /imited
Ireland
(100% subsidiary of Persistent Systems Inc. – Step
down subsidiary of the Company)
Aepona Group /imited
Ireland
(100% subsidiary of Aepona Holdings /imited – Step
down subsidiary of the Company)
Valista /imited
Ireland
(100% subsidiary of Aepona Group /imited – Step down
subsidiary of the Company)
Aepona /imited
U.K.
(100% subsidiary of Aepona Group /imited – Step down
subsidiary of the Company)
Valista Inc.
(Dissolved on June 28, 2016)
USA
(100% subsidiary of Valista /imited – Step down
subsidiary of the Company)
Aepona Software (Private) /imitedA
Sri /anka
(100% subsidiary of Valista /imited – Step down
subsidiary of the Company)
Persistent Systems Israel /td.
Israel
(100% subsidiary of Persistent Systems Inc. – Step
down subsidiary of the Company)
Persistent Systems Me[ico S.A. de C.V.
Me[ico
(100% subsidiary of Persistent Systems Inc. – Step
down subsidiary of the Company)
A The Name has been changed to 'Persistent Systems /anka (Private) /imited' as on May 19, 2017.
5. General meeting details
A. The details of the last three years Annual General Meetings (AGM) held are as follows:
Financial
year
Date
Time
Venue
2013-14
July 26, 2014 11.00 a.m.
Persistent Systems /imited, Dewang Mehta Auditorium, Bhageerath,
402 Senapati Bapat Road, Pune 411 016
2014-15
July 24, 2015 11.00 a.m.
Persistent Systems /imited, Dewang Mehta Auditorium, Bhageerath,
402 Senapati Bapat Road, Pune 411 016
2015-16
July 22, 2016 11.00 a.m.
Persistent Systems /imited, Dewang Mehta Auditorium, Bhageerath,
402 Senapati Bapat Road, Pune 411 016