Sasken Technologies Limited has informed the Exchange about Action(s) taken or orders passed
SASKEN · price
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Awaiting price reaction for this filing.
Sasken Technologies has been informed by BSE and NSE about a fine of Rs. 2.68 lakhs plus GST for alleged non-compliance of Regulation 17(1) (Board composition) and Regulation 20(2)/(2A) (Stakeholders Relationship Committee composition) of SEBI Listing Regulations. The communication from the exchanges was received on 27th February 2026. The company states there is no financial or operational impact beyond the fine amount itself. Sasken has already filed an application for waiver of these penalties on 8th December 2025, in response to an earlier exchange email dated 28th November 2025. The company maintains that its Board and committee composition has consistently met the regulatory requirements and is contesting the non-compliance finding.
The penalty is very small (Rs. 2.68 lakhs plus GST) and is unlikely to materially affect the company or its stock price. Since the company is actively contesting the penalty and has already applied for a waiver, shareholders need not be concerned. The issue appears to be a procedural/technical compliance dispute rather than a substantive governance failure.