Sasken Technologies Limited Pays Fine to Stock Exchanges
Sasken Technologies Limited announced on March 17, 2026, that it has paid a fine of Rs. 11.28 lakhs plus GST to the BSE Limited and National Stock Exchange of India Limited (NSE). The fine was levied for non-compliance with Regulation 17(1) & 20(2) / (2A) of the Listing Regulations.According to a filing, the company received the order from the stock exchanges on March 16, 2026. Sasken Technologies Limited stated that the action will have no impact on its financial, operational, or other activities, quantifiable in monetary terms.
The company remitted the penalty amount by the stipulated timeline, March 16, 2026. Sasken Technologies Limited expressed concern that its request for a personal hearing was not accommodated and its application for withdrawal of the penalty was rejected.
The company affirmed that compliance remains a top priority and that it continues to adhere to all applicable regulations.
| S. No. | Details of events that need to be provided | Information of such event(s) |
|---|---|---|
| 1 | Name of the authority | BSE Limited and National Stock Exchange of India Limited (NSE Limited) |
| 2 | Nature and details of the action(s) taken or order(s) passed | BSE Limited and NSE Limited has levied fine of Rs.11.28 lakhs plus GST for non- compliance of Regulation 17(1) & 20(2) / (2A) of Listing Regulations. |
| 3 | Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the Authority | March 16, 2026 |
| 4 | Details of violation(s) / contravention(s) committed or alleged to be committed | BSE Limited and NSE Limited has levied fine of Rs. 11.28 lakhs plus GST for non- compliance of Regulation 17(1) & 20(2) / (2A) of Listing Regulations. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible. | Nil. |
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