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The latest update is out from Sasken Technologies Ltd ( (IN:SASKEN) ).
Sasken Technologies has disclosed that both BSE and the National Stock Exchange have imposed a combined fine of Rs. 2.68 lakh plus GST for alleged non-compliance with Regulation 17(1) and 20(2)/(2A) of the SEBI Listing Regulations. The exchanges cited lapses related to board composition and the Stakeholders Relationship Committee, although Sasken maintains its governance structures have remained compliant during the relevant period.
The company stated that the financial impact is limited to the quantum of the penalties and will not affect its operations. Sasken has already applied for a waiver of these fines for the period up to 30 September 2025, signaling its intent to contest the exchanges’ view of non-compliance while underscoring its commitment to align with SEBI’s corporate governance norms.
More about Sasken Technologies Ltd
Sasken Technologies Ltd is an India-based technology company headquartered in Bengaluru, operating in the IT and engineering services sector. It provides product engineering, digital transformation, and R&D services to global customers, with a focus on telecom, semiconductors, automotive, and enterprise solutions.
Average Trading Volume: 1,970
Technical Sentiment Signal: Hold
Current Market Cap: 17.51B INR
See more insights into SASKEN stock on TipRanks’ Stock Analysis page.