Sasken Technologies Limited has informed the Exchange about Action(s) taken or orders passed
SASKEN · price
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Sasken Technologies has paid a fine of Rs. 11.28 lakhs plus GST each to BSE and NSE for non-compliance with Regulation 17(1) and 20(2)/(2A) of SEBI's Listing Regulations, which relate to Board composition and Stakeholders Relationship Committee composition. The penalty was levied on March 16, 2026, and the company remitted the amount within the stipulated timeline. Sasken stated that its board and committee composition have been in line with requirements and expressed disappointment that its request for a personal hearing was not granted, with its waiver application rejected without being heard. The company has assured stakeholders that compliance remains a top priority.
The fine is small relative to the company's size and is unlikely to materially affect financials or operations. However, the dispute over the penalty and the denied personal hearing could be a minor governance concern for some investors, though Sasken maintains it has been compliant.