Sasken Technologies Limited has announced the allotment of 43,670 equity shares to employees under its Restricted Stock Units (RSU) program. The Share Allotment Committee of the Board of Directors approved this allotment on February 2, 2026, as part of the company's employee incentive initiatives.

Share Allotment Details

The allotted shares carry a face value of Rs. 10 each and were issued under the Sasken Employees Share Based Incentive Plan, 2016. The plan received in-principle approval from BSE Limited on June 15, 2018, and from the National Stock Exchange of India Limited on June 22, 2018.

Impact on Share Capital

Following this allotment, Sasken Technologies' equity structure has been updated with significant changes to the total issued shares and share capital.

Regulatory Compliance

The allotment was conducted pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the SEBI (Share based Employee Benefits and Sweat Equity) Regulations, 2021. The shares will be identical to existing equity shares and were issued at par value.

Company Information

Sasken Technologies Limited, headquartered at No. 139/25, Ring Road, Domlur, Bengaluru – 560071, has its shares listed on both BSE Limited and National Stock Exchange of India Limited. The company secretary Paawan Bhargava signed the regulatory filing on February 2, 2026, confirming the completion of all necessary procedures for the share allotment process under the employee incentive scheme.

Sasken Technologies Limited has provided clarification to BSE regarding significant movement in its stock price, attributing the increase to market conditions while confirming compliance with all disclosure requirements. This development comes alongside ongoing GST proceedings where the company faces demands totaling Rs 45.29 crore.

Stock Price Movement Clarification

In response to BSE's inquiry dated December 26, 2025, Sasken Technologies stated that the significant increase in its stock price is purely due to market conditions. The company emphasized that it has made timely disclosures of all events and information required under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

The company confirmed that there are currently no undisclosed events or information that would have a bearing on its operations or performance requiring disclosure under the listing regulations.

Ongoing GST Proceedings

Meanwhile, Sasken Technologies continues to face GST demands following the dismissal of its appeals by the Joint Commissioner Appeals-5. The orders, received on December 5, 2025, pertain to alleged violations related to reverse charge on payments made to overseas branches.

Company's Position and Compliance

Sasken Technologies maintains that there is no material impact on its financial or operational activities due to the GST proceedings. The company plans to exercise its right to appeal before the Goods and Services Tax Appellate Tribunal (GSTAT).

The trading window for designated persons remains closed effective December 16, 2025, in view of the consideration of financial results for the quarter ending December 31, 2025. Company Secretary Paawan Bhargava signed the clarification, reaffirming the company's commitment to making requisite disclosures as per listing regulations.

Market Implications

While the company attributes the stock price movement to market conditions, investors should consider both the ongoing GST litigation and the company's transparent approach to regulatory compliance. The closure of the trading window indicates upcoming quarterly results, which may provide further insights into the company's operational performance.