Sasken technologies has paid a regulatory fine of Rs 11.28 lakhs plus GST to BSE Limited and National Stock Exchange of India Limited for non-compliance with SEBI Listing Regulations. The company disclosed this information on March 17, 2026, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Action Details

The stock exchanges levied the fine for non-compliance of Regulation 17(1) & 20(2)/(2A) of Listing Regulations, which pertain to board composition and Stakeholders Relationship Committee requirements. The company received the penalty notice on March 16, 2026, and remitted the amount within the stipulated timeline.

Company's Response and Compliance Status

Sasken Technologies has stated that its Board composition and Stakeholders Relationship Committee composition have been regularly maintained as per the requirements of Regulation 17(1) & 20(2)/(2A) of the Listing Regulations. The company expressed concern that their request for a personal hearing was not accommodated by the stock exchanges.

The company's application for withdrawal of penalty was rejected without the opportunity to present their case directly. Sasken Technologies believes a personal hearing would have allowed them to clarify the circumstances and demonstrate their diligent compliance efforts.

Corporate Governance Commitment

The company has assured stakeholders that compliance remains a top priority for Sasken Technologies Limited. Despite the regulatory penalty, the organization continues to maintain adherence to all applicable regulations and has emphasized its commitment to corporate governance standards.

The disclosure was signed by Company Secretary Paawan Bhargava and submitted to both BSE Limited and National Stock Exchange of India Limited as part of the mandatory reporting requirements under SEBI regulations.

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.