Sasken Technologies Ltd

Sasken Technologies Ltd has received an order from the Joint Commissioner Appeals, GST Department, Bengaluru, dismissing its appeal for FY 2020-21. The order confirms a demand of ₹6,74,55,558 in tax, ₹5,36,39,607 in interest, and ₹67,62,600 in penalty, totaling ₹12,78,57,765. The interest amount has been recalculated to ₹7,02,60,032, bringing the total demand with updated interest to ₹14,44,78,190. The alleged violations include GST payable under reverse charge on payments to overseas branches and GSTR-2B vs. GSTR-3B mismatch. The company states there is no material impact on its financials or operations and plans to appeal the order before the GSTAT.

Sasken Technologies Ltd has received an unfavorable order from the Joint Commissioner Appeals, GST Department, Bengaluru. The appeal filed by the company for FY 2021-22 has been dismissed, confirming a demand of ₹5,86,88,358/- in tax, ₹4,44,26,283/- in interest, and ₹58,68,836/- in penalty, totaling ₹10,89,83,477/-. The issue pertains to GST payable under reverse charge on sales by overseas branches. Despite the significant financial demand, the company states there is no material impact on its financial, operational, or other activities.

Sasken Technologies Ltd has announced the closure of its trading window effective September 16, 2026, until further notice. This closure is in anticipation of the board's consideration of the company's financial accounts for the quarter ending September 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, aimed at preventing insider trading during the sensitive period of financial reporting.

Sasken Technologies Ltd. conducted an earnings call on August 3, 2026, to discuss its audited financial results for the quarter ended June 30, 2026. The call, held virtually, was attended by the company's management team, including the Chairperson, MD & CEO, CFO, and other key executives. A transcript of the call has been made available on the company's website and hosted as per SEBI Listing Regulations. The discussion covered the company's performance and outlook, with management highlighting its evolution into a 'Chip-to-Cognition' engineering partner.

Sasken Technologies Ltd announced on August 3, 2026, the allotment of 5,020 equity shares of ₹10 face value each to its employees. This allotment is part of the Sasken Employees Share Based Incentive Plan, 2016. The company's total issued shares will increase to 15,191,491, and the issued share capital will rise to ₹151,914,910. The shares are identical to existing ones and were issued at par. The company will seek listing of these shares upon credit to the allottees' demat accounts.

Sasken Technologies Ltd convened its 38th Annual General Meeting (AGM) on July 31, 2026, via Video Conferencing. The meeting commenced at 10 am IST and concluded at 11:15 am IST. The company informed that the Scrutinizer's Report and Voting Results for the resolutions passed at the AGM are enclosed as per SEBI regulations. The AGM addressed ordinary business, including the adoption of Audited Financial Statements for the fiscal year ended March 31, 2026. The e-voting facility was managed by NSDL, with remote e-voting open from July 26 to July 30, 2026.

Sasken Technologies Ltd held its 38th Annual General Meeting (AGM) on July 31, 2026, via Video Conferencing. The meeting, chaired by Mr. Rajiv C. Mody, commenced at 10 am IST and concluded at 11:15 am IST. Key agenda items included the adoption of audited financial statements for FY26, declaration of a final dividend of ₹13 per equity share, appointment of a director, and the re-appointment of statutory auditors. Additionally, Mr. V. Suryanarayanan was appointed as an Independent Director for up to 5 years. All resolutions were deemed passed subject to requisite majority.

Sasken Technologies Ltd announced the declaration of its standalone and consolidated audited financial results for the quarter ended June 30, 2026. The results were approved at a Board Meeting held today. The company will publish extracts of the audited consolidated financial results in newspapers and make the full financial results available on its website and stock exchange platforms. The auditor's report confirms the consolidated financial results present a true and fair view.

Sasken Technologies Ltd has announced the declaration of its standalone and consolidated audited financial results for the quarter ended June 30, 2026. The results were approved at a Board Meeting held today. The company also submitted the Auditor's Report and a media release. Full financial results will be available on the company's website and published in newspapers as per SEBI regulations. The auditor's report confirms the consolidated financial results present a true and fair view.

Sasken Technologies Ltd announced its standalone and consolidated audited financial results for the quarter ended June 30, 2026. The company confirmed that the results were taken on record at a Board Meeting held today. The filing also includes the Auditor's Report on both standalone and consolidated financial results as per SEBI Listing Regulations. A media release and communication to analysts on business performance are also enclosed. The extract of the audited consolidated financial results will be published in newspapers and made available on the company's website and stock exchange websites.