Re-appointment of M/s. M S K A & Associates LLP, Chartered Accountants, as Statutory Auditors for a period of up to 5 years: The first term of M/s. M S K A & Associates LLP, Chartered ....
SASKEN · price
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Sasken Technologies held its Board Meeting on May 8, 2026, and approved the audited consolidated financial results for Q4 and FY ended March 31, 2026. Consolidated revenue from operations grew to Rs.33,402 lakhs in Q4 and Rs.111,317 lakhs for the full year, compared to Rs.14,801 lakhs and Rs.55,091 lakhs respectively in the prior year—nearly doubling due to the acquisition of Borqs International Holding group (now step-down subsidiaries effective April 8, 2025). Profit after tax for FY2026 stood at Rs.5,865 lakhs vs Rs.5,051 lakhs in FY2025. The Board recommended a final dividend of Rs.13 per share (bringing cumulative dividend to Rs.25 per share including Rs.12 interim dividend). The company now reports under two segments: Software Services and Product Solutions. The statutory auditor MSKA & Associates LLP is being recommended for re-appointment for a second term of up to five years (from 38th to 43rd AGM). An exceptional charge of Rs.830.80 lakhs was recorded due to new labour codes.
Strong financial performance with near-doubling of revenue year-on-year due to the Borqs acquisition. The new product solutions segment adds diversification. The continuation of the same auditor provides stability and continuity in financial reporting standards. Dividend payout remains attractive for shareholders.