Sasken Technologies Limited has received an Assessment Order from the Income Tax Department creating a tax demand of Rs 8.14 crore. The company informed stock exchanges about this development on March 24, 2026, pursuant to regulatory disclosure requirements.

Assessment Order Details

The Assessment Order was issued under section 143(3) read with section 144B by the Assessment Unit of the Income Tax Department. The order includes specific adjustments to the company's returned income:

Company's Response and Impact Assessment

Sasken Technologies has clarified that there is no material impact on the company's financial position or operational activities due to this assessment order. The management emphasized that these orders are currently appealable under the existing legal framework.

Next Steps

• The company will exercise its right to appeal before CIT-Appeals
• No immediate operational disruption expected
• Assessment order received on March 24, 2026

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under sub-para 20 of Para A of Part A of Schedule III. The company also referenced SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding tax litigation updates.

The company secretary Paawan Bhargava signed the disclosure document, ensuring proper regulatory compliance and transparency with stakeholders regarding this tax matter.

Sasken Technologies Limited has informed stock exchanges about the outcome of its Board of Directors meeting held on March 24, 2026. The technology company filed the disclosure with BSE Limited and National Stock Exchange of India Limited following the completion of the board session.

Board Meeting Details

The Board of Directors convened for a focused session to deliberate on business-related matters. The meeting was conducted within a structured timeframe, demonstrating efficient corporate governance practices.

Regulatory Compliance Framework

The meeting outcome disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework ensures transparency in corporate decision-making processes and keeps stakeholders informed about significant board activities.

Company Secretary Paawan Bhargava digitally signed the disclosure document on March 24, 2026, confirming the company's adherence to prescribed disclosure timelines and regulatory obligations.

Corporate Communication

The disclosure was simultaneously submitted to both major stock exchanges where the company's shares are listed. BSE Limited received the communication referencing scrip code 532663, while the National Stock Exchange of India Limited was informed under the symbol SASKEN.

The formal communication maintained standard corporate protocols, with the document bearing the company's official letterhead and digital authentication. This systematic approach to regulatory reporting reflects the company's commitment to maintaining transparent stakeholder communication and compliance with listing requirements.