Sasken Technologies Limited has received an intimation order from the Income Tax Centralized Processing Centre (CPC) with a tax demand of ₹1,45,100, the company informed stock exchanges on February 6, 2026. The order relates to the company's superannuation fund trust for Assessment Year 2025-26.

Tax Order Details

The Income Tax order was issued under section 143(1) and received by the company on February 6, 2026. The order specifically concerns Sasken Superannuation Fund Trust, where surcharge was added to the tax payable, resulting in the demand creation.

Company's Response and Impact Assessment

Sasken Technologies has assessed that there is no material impact on its financial position, operations, or other activities due to this intimation order. The company emphasized that the order is currently appealable and stated its intention to exercise the right to appeal before CIT - Appeals.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation also follows SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, regarding updates on tax litigation or disputes.

The company secretary Paawan Bhargava signed the regulatory filing, ensuring compliance with stock exchange notification requirements for both BSE and NSE.

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.