Sasken Technologies Allots 43,670 Equity Shares to Employees Under RSU Plan

Sasken Technologies Limited has announced the allotment of 43,670 equity shares to employees under its Restricted Stock Units (RSU) program. The Share Allotment Committee of the Board of Directors approved this allotment on February 2, 2026, as part of the company's employee incentive initiatives. Share Allotment Details The allotted shares carry a face value of Rs. 10 each and were issued under the Sasken Employees Share Based Incentive Plan, 2016. The plan received in-principle approval from BSE Limited on June 15, 2018, and from the National Stock Exchange of India Limited on June 22, 2018. Parameter: Details Number of Shares Issued: 43,670 Face Value per Share: Rs. 10 Exercise Price per Share: Rs. 10 Date of Issue: February 2, 2026 ISIN Number: INE231F01020 Distinctive Numbers: 30357924 to 30401593 Impact on Share Capital Following this allotment, Sasken Technologies' equity structure has been updated with significant changes to the total issued shares and share capital. Metric: Amount Total Issued Shares After Allotment: 15,186,471 Total Issued Share Capital: Rs. 151,864,710 Premium per Share: Not applicable Regulatory Compliance The allotment was conducted pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with the SEBI (Share based Employee Benefits and Sweat Equity) Regulations, 2021. The shares will be identical to existing equity shares and were issued at par value. Compliance Parameter: Details Lock-in Period: Not applicable Listing Status: To be listed once credited to allottees' demat accounts Listing Fees: Not applicable Share Certificate: Not applicable Company Information Sasken Technologies Limited, headquartered at No. 139/25, Ring Road, Domlur, Bengaluru – 560071, has its shares listed on both BSE Limited and National Stock Exchange of India Limited. The company secretary Paawan Bhargava signed the regulatory filing on February 2, 2026, confirming the completion of all necessary procedures for the share allotment process under the employee incentive scheme. Sasken Technologies Limited has provided clarification to BSE regarding significant movement in its stock price, attributing the increase to market conditions while confirming compliance with all disclosure requirements. This development comes alongside ongoing GST proceedings where the company faces demands totaling Rs 45.29 crore. Stock Price Movement Clarification In response to BSE's inquiry dated December 26, 2025, Sasken Technologies stated that the significant increase in its stock price is purely due to market conditions. The company emphasized that it has made timely disclosures of all events and information required under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Parameter: Details Inquiry Date: December 26, 2025 BSE Scrip Code: 532663 Trading Window Status: Closed from December 16, 2025 Reason for Closure: Financial results consideration for Q3 FY26 The company confirmed that there are currently no undisclosed events or information that would have a bearing on its operations or performance requiring disclosure under the listing regulations. Ongoing GST Proceedings Meanwhile, Sasken Technologies continues to face GST demands following the dismissal of its appeals by the Joint Commissioner Appeals-5. The orders, received on December 5, 2025, pertain to alleged violations related to reverse charge on payments made to overseas branches. Fiscal Year: Tax (Rs) Interest (Rs) Penalty (Rs) Total Demand (Rs) 2017-18: 9,25,77,483 10,56,90,513 92,57,748 20,75,25,744 2018-19: 11,39,66,780 12,00,30,558 1,13,96,679 24,53,94,017 Company's Position and Compliance Sasken Technologies maintains that there is no material impact on its financial or operational activities due to the GST proceedings. The company plans to exercise its right to appeal before the Goods and Services Tax Appellate Tribunal (GSTAT). The trading window for designated persons remains closed effective December 16, 2025, in view of the consideration of financial results for the quarter ending December 31, 2025. Company Secretary Paawan Bhargava signed the clarification, reaffirming the company's commitment to making requisite disclosures as per listing regulations. Market Implications While the company attributes the stock price movement to market conditions, investors should consider both the ongoing GST litigation and the company's transparent approach to regulatory compliance. The closure of the trading window indicates upcoming quarterly results, which may provide further insights into the company's operational performance. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. 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