Sasken Technologies Holds 38th Annual General Meeting, Declares Dividend and Approves Key Appointments
Sasken Technologies Limited held its 38th Annual General Meeting (AGM) on Friday, July 31, 2026. The meeting was conducted via Video Conferencing (VC), commencing at 10:00 am IST and concluding at 11:15 am IST.The AGM was chaired by Mr. Rajiv C. Mody, Chairman, Managing Director & CEO of the Company. After confirming the requisite quorum, the Chairman welcomed shareholders and invited introductions from the Directors. The meeting included discussions on all matters set forth in the notice dated June 12, 2026.
Members were provided opportunities to ask questions or express views regarding the resolutions through VC, audio, and web chat options.
Key Resolutions Transacted at the AGM
The proceedings of the AGM resulted in the passing of several ordinary and special business resolutions. The key outcomes include the adoption of financial statements, a dividend declaration, and various appointments.The following transactions were completed during the meeting:
| Category | Resolution Details | Type |
|---|---|---|
| Ordinary Business 1 | Adoption of Audited Financial Statements (including Consolidated Financial Statements) for the financial year ended March 31, 2026. | Ordinary |
| Ordinary Business 2 | Declaration of a Final Dividend amounting to Rs. 13 per equity share of Rs. 10 each for the financial year ended March 31, 2026. | Ordinary |
| Ordinary Business 3 | Appointment of Director in place of Mr. Pranabh D. Mody (DIN: 00035505), who retires by rotation and offers his candidature for re-appointment. | Ordinary |
| Ordinary Business 4 | Re-appointment of M/s. M S K A & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 105047W/W101187), as Statutory Auditors of the Company for a second term until the conclusion of the 43rd AGM in 2031. | Ordinary |
| Special Business 5 | Appointment of Mr. V. Suryanarayanan (DIN: 05187922) as Independent Director for up to five years. | Special |
The Board had appointed Mr. Gopalakrishnaraj H H, a Practicing Company Secretary (Membership No. FCS 5654 and CP No. 4152), to act as the Scrutinizer responsible for conducting the e-voting process transparently.
All resolutions presented in the notice of the 38th AGM were considered passed on July 31, 2026, contingent upon receiving the requisite majority.
SASKEN Stock Price Movement
Shares of Sasken Technologies Limited rallied on Friday, gaining 4.29% to settle at ₹1811.80 after strengthening throughout the session. Trading activity saw 60,540 shares pass through the market as the equity moved toward its daily highs.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.