Sasken Technologies Limited has been hit with fines totaling Rs 8.82 lakh by India's two major stock exchanges for alleged non-compliance with board composition regulations. The company, however, disputes these allegations and plans to seek withdrawal of the penalties.

Regulatory Action

The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) have each imposed a fine of Rs 4.41 lakh (excluding GST) on Sasken Technologies. The penalties are related to alleged non-compliance with Regulations 17(1) and 20(2)/(2A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Alleged Non-Compliance

The fines pertain to the composition of the company's Board of Directors and the Stakeholders Relationship Committee. Regulations 17(1) and 20(2)/(2A) set forth requirements for the structure and membership of these corporate bodies.

Company's Response

Sasken Technologies has stated that it will contest the fines. The company asserts that the composition of its Board and the Stakeholders Relationship Committee has consistently met the requirements set forth under the relevant regulations.

In a statement, the company declared, "We wish to inform that the composition of the Board and the Stakeholders Relationship Committee has consistently met the requirements set forth under Regulation 17(1) and 20(2)/(2A) of the Listing Regulations."

Next Steps

The company has announced its intention to file an application for the withdrawal of the imposed fines. This move underscores Sasken Technologies' confidence in its compliance with the regulatory requirements.

Impact on Operations

Sasken Technologies has stated that the fines will not have any impact on its financial or operational activities, beyond the monetary value of the penalties themselves.

Investors and stakeholders will likely be watching closely as Sasken Technologies navigates this regulatory challenge. The outcome of the company's application for withdrawal of fines could have implications for its corporate governance perception in the market.

Sasken Technologies Limited , a leading provider of product engineering and digital transformation services, has announced a significant addition to its leadership team. Ms. Nirmala Datla will join the company as Chief of Data Science and Engineering and Site Head for Hyderabad, effective November 24, 2025.

Leadership Enhancement

Ms. Datla brings over three decades of experience in Product Engineering and Engineering Services to her new role at Sasken Technologies. Her appointment is expected to strengthen the company's capabilities in data science and engineering.

Impressive Track Record

Nirmala Datla's career highlights include:

• Executive Vice President at HCL Technologies
• Regional Portfolio Director at Microsoft India
• Significant tenure at Motorola India, playing a crucial role in the growth of its Hyderabad center
• Earlier roles at the Centre for Development of Telematics (C-DoT) and the Avionics R&D division of Hindustan Aeronautics Ltd.

Her experience extends to managing portfolio sizes exceeding 600 million, primarily focused on digital business across various industry verticals.

Educational Background

Ms. Datla's educational qualifications include:

• Executive Program in Business Management from IIM Calcutta
• Advanced Diploma in Management from AIMA-CME
• B.Tech in Electronics & Communications from JNTU Hyderabad

Financial Context

While this appointment is a significant development for Sasken Technologies, it's worth noting the company's recent financial performance. Based on the latest balance sheet data:

The company has shown growth in total assets and a significant increase in current assets, which could provide a strong foundation for future initiatives under Ms. Datla's leadership.

As Sasken Technologies continues to evolve in the rapidly changing tech landscape, the appointment of Nirmala Datla as Chief of Data Science and Engineering signals the company's commitment to strengthening its expertise in crucial technological domains.