Sasken Technologies Ltd

Sasken Technologies Limited announced that it received an appeal order on September 21, 2026, from the Joint Commissioner Appeals, GST Department, Bengaluru, dismissing the company's appeal for fiscal year 2021-22 regarding GST payable on sales by overseas branches. The order confirms a demand of Rs 5,86,88,358 in tax, Rs 4,44,26,283 in interest, and Rs 58,68,836 in penalty, totaling Rs 10,89,83,477. Sasken Technologies stated that the dismissal of the appeal is not expected to have a material impact on the company's financial, operational, or other activities.

Sasken Technologies Limited announced that it received an appeal order from the Joint Commissioner Appeals, GST Department, Bengaluru, dismissing the company's appeal for fiscal year 2020-21 and confirming a tax demand of Rs 6,74,55,558, along with interest of Rs 5,36,39,607 and penalty of Rs 67,62,600, totaling Rs 12,78,57,765. Including recalculated interest of Rs 7,02,60,032, the total demand now stands at Rs 14,44,78,190, stemming from alleged violations related to GST payable under reverse charge and discrepancies between GSTR-2B and GSTR-3B; the company stated that the dismissal has no material financial or operational impact and it intends to appeal the order before GSTAT.

Sasken Technologies Limited informed the BSE Limited and National Stock Exchange of India Limited that it has closed its trading window effective Wednesday, September 16, 2026, until further notice, in connection with the consideration of accounts for the quarter ending September 30, 2026.

Sasken Technologies Limited announced on August 4, 2026, that its Share Allotment Committee approved the allotment of 5,020 equity shares of Rs 10 each to employees, pursuant to the exercise of Restricted Stock Units under the Sasken Employees Share Based Incentive Plan, 2016, which received in-principle approval from BSE Limited on June 15, 2018, and National Stock Exchange of India Limited on June 22, 2018. The total issued share capital of Sasken Technologies Limited after this issue is Rs 151,914,910, with a total of 15,191,491 shares outstanding.

Sasken Technologies Limited announced on August 4, 2026, that its Share Allotment Committee approved the allotment of 5,020 equity shares of Rs 10 each to employees, pursuant to the exercise of Restricted Stock Units under the Sasken Employees Share Based Incentive Plan, 2016, which received in-principle approval from BSE Limited on June 15, 2018, and National Stock Exchange of India Limited on June 22, 2018. The total issued share capital of Sasken Technologies Limited after this issue is Rs 151,914,910, with a total of 15,191,491 shares outstanding.

Sasken Technologies Ltd share price inched up 3.86% to Rs 1812.25 after the company's net profit dropped 18.90% to Rs 23.52 crore, while revenue from operations slightly gained 1.56% to Rs 339.24 crore in Q2FY26 over Q1FY26. The market capitalization of IT Enabled Services industry group stocks on BSE stood at Rs 2.37 lakh crore, gaining 4.42%. It has marginally improved by 4.25% over last one week and heading higher by 14.05% in last one month while the market capitalization of Sasken Technologies Ltd has softened by 0.74% and 38.77% in the same period respectively. Profit before tax (PBT) of Sasken Technologies Ltd stood at Rs 29.57 crore in Q2 FY26, surging by 146.21% year-on-year, and nosediving by 21.00% quarter-on-quarter. EBITDA came in at Rs 22 crore, expanding by 218.44% YoY and jumping 25.84% sequentially. Total expenses grew marginally by 2.16% to Rs 317.9 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 89.83 crore, posting a minor increase of 5.77% YoY, while employee benefits expense was at Rs 174.98 crore, ticking higher by 2.69% YoY. For the TTM ended FY26, revenue from operations jumped by 102.06% to Rs 1113.17 crore, while net profit registered a growth of 16.12% to Rs 58.65 crore, compared to previous TTM. EBITDA tumbled by 889% to Rs 49.73 crore, and PBT jumped 22.27% to Rs 75.82 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 22.83 crore in FY26, as against Rs 57.16 crore in FY25. Sasken Technologies Ltd rallied 16.51% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 4.36% during the same period.

Sasken Technologies will hold a meeting of the Board of Directors of the Company on 31 July 2026.

Sasken Technologies announced that the Annual General Meeting(AGM) of the company will be held on 31 July 2026.

Sasken Technologies has fixed 24 July 2026 as record date for payment of final dividend for FY 2026.

Elpro International Ltd, Thacker & Company Ltd, MIRC Electronics Ltd and Expleo Solutions Ltd are among the other gainers in the BSE's 'B' group today, 11 May 2026.Sasken Technologies Ltd surged 20.00% to Rs 1634.4 at 12:02 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 39096 shares were traded on the counter so far as against the average daily volumes of 903 shares in the past one month. Elpro International Ltd soared 17.22% to Rs 169.2. The stock was the second biggest gainer in 'B' group. On the BSE, 2.84 lakh shares were traded on the counter so far as against the average daily volumes of 1.85 lakh shares in the past one month. Thacker & Company Ltd spiked 16.42% to Rs 1202.9. The stock was the third biggest gainer in 'B' group. On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 26 shares in the past one month. MIRC Electronics Ltd spurt 13.33% to Rs 48.28. The stock was the fourth biggest gainer in 'B' group. On the BSE, 7.83 lakh shares were traded on the counter so far as against the average daily volumes of 2.56 lakh shares in the past one month. Expleo Solutions Ltd jumped 13.27% to Rs 955. The stock was the fifth biggest gainer in 'B' group. On the BSE, 58510 shares were traded on the counter so far as against the average daily volumes of 1841 shares in the past one month. Powered by Capital Market - Live