Sasken Technologies Limited has formally notified stock exchanges about an upcoming Board of Directors meeting scheduled for March 24, 2026. The company communicated this information to both BSE Limited and National Stock Exchange of India Limited on March 17, 2026.

Meeting Details

The Board meeting has been convened to consider business related matters, though specific agenda items have not been disclosed in the notification. The meeting is scheduled for Tuesday, March 24, 2026.

Regulatory Compliance

The notification was issued pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures compliance with mandatory disclosure requirements for listed companies.

Official Communication

Company Secretary Paawan Bhargava digitally signed the official communication on March 17, 2026 at 17:18:51 +05'30'. The notification was submitted to both BSE Limited and National Stock Exchange of India Limited through web upload, demonstrating the company's commitment to transparent corporate governance practices. The formal communication was addressed to the Department of Corporate Services at both exchanges, maintaining proper regulatory protocol.

Sasken Technologies Limited has received penalty notices from stock exchanges BSE and NSE for alleged regulatory non-compliance, the company disclosed in a filing dated March 2, 2026. The penalties relate to purported violations of board composition and committee structure requirements under the listing regulations.

Penalty Details and Timeline

The company received email notifications from both exchanges on February 27, 2026, regarding penal action for non-compliance of Regulation 17(1) & 20(2)/(2A) of the Listing Regulations. The penalty structure and timeline are detailed below:

Regulatory Violations Alleged

Both BSE and NSE have imposed the fine for alleged non-compliance with specific listing regulation provisions. The violations pertain to:

• Regulation 17(1): Board composition requirements
• Regulation 20(2)/(2A): Stakeholders Relationship Committee composition norms

The financial impact on the company is limited to the penalty amount, with no other operational or business activities affected by the regulatory action.

Company's Response and Defense

Sasken Technologies has contested the penalty, maintaining that its governance structures have been compliant with regulatory requirements. The company stated that its Board composition and Stakeholders Relationship Committee composition have been regularly aligned with the requirements of Regulation 17(1) & 20(2)/(2A) of the Listing Regulations.

Waiver Applications Filed

The company has proactively sought relief from the imposed penalties through formal waiver applications. Key details of the waiver process include:

• Previous Application: Filed on December 8, 2025
• Coverage Period: Up to September 30, 2025
• Reference Communication: Exchange email dated November 28, 2025
• Current Status: Applications submitted to both NSE and BSE

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and was signed by Company Secretary Paawan Bhargava. The company emphasized that despite the penalty notices, there has been no actual non-compliance with the specified regulations regarding board and committee composition requirements.