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Sasken Q2 FY18-19 result announced July 18, 2018

Transfer of shares to IEPF


Certificate of Incorporation issued by RoC on 14th Feb 17 pursuant to change of name
Newspaper Advertisement
Final Approval – BSE
Final Approval – NSE

Sasken Q4 FY16-17 result announced
April 19, 2017

Ind AS Presentation (Preliminary Impact Assessment)

Sasken Q3 FY16-17 result announced
January 18, 2017

BUY-BACK 2016-17

Intimation of Buy-back Committee Meeting to be held on 23rd Dec 16
Outcome of Buy-back Committee Meeting held on 23rd Dec 16
Filing of Special Resolution & Public Announcement with Stock Exchanges on 26th Dec 16
Filing of Draft Letter of Offer with Stock Exchanges on 28th Dec 16
Filing of Corrigendum to Public Announcement with Stock Exchanges on 30th Jan 2017
Schedule of Events
Intimation to Stock Exchange of Closing Date of Buy-back February 16, 2017
Filing of Post Buy-back Public Announcement with Stock Exchanges on 2nd March 2017


Passing of special resolutions through postal ballot / e-voting for:

  1. Buy-back of Equity Shares of the Company through Tender Offer route;
  2. Creating Sasken Employees’ Share Based Incentive Plan 2016; and
  3. Changing the name of the Company.
Commencement of voting From 10.00 am (IST) on November 25, 2016
End of voting Up to 5.00 pm (IST) on December 22, 2016


Application made to Stock Exchanges

The Board of Directors of the Company at its meeting held on September 14, 2015 has approved the draft Scheme of Amalgamation of Sasken Network Engineering Limited, the wholly owned subsidiary with Sasken Communication Technologies Limited, the holding Company.

The application was submitted to the exchanges on September 28, 2015. BSE & NSE have uploaded the Scheme on their websites on October 20, 2015 & October 19, 2015 respectively.

BSE and NSE have given their Observation Letter on December 8, 2015.

Link to BSE website:
Link to NSE website:  

Application and Petition made to the Hon’ble High Court of Karnataka

SNEL filed an application bearing Company Application No. 141 of 2016 with the Hon’ble High Court of Karnataka on 30th March, 2016. The application was heard by the Hon’ble High Court on 1st April, 2016 and passed orders dispensing with the meetings of the equity shareholders and unsecured creditors of SNEL for approving the Scheme of Amalgamation.

Thereafter, SNEL filed a Petition bearing Company Petition No. 106 of 2016 with the Hon’ble High Court of Karnataka on 26th April, 2016. The Hon’ble High Court at its hearing on 28th April, 2016 had ordered publication of notice of the petition in the Bengaluru editions of The Hindu and Udayavani and accordingly the same was published on 10th May, 2016.

Notice in respect of Petition filed with the Hon’ble High Court of Karnataka

Withdrawal of Petition

As the Company is going ahead with buy-back of its shares and in compliance with SEBI (Buy-back of Securities) Regulations, 1998, SNEL had applied for withdrawal of the Petition with a liberty to revive the same. The Hon’ble High Court was pleased to permit withdrawal of the Petition as prayed for. A certified copy of the Order has been received and filed with Ministry of Corporate Affairs.

Update on Withdrawal of Petition sent to Stock Exchanges

BUY-BACK 2015-16

Commencement of voting From 10.00 am (IST) on May 25, 2015
End of voting Up to 5.00 pm (IST) on June 23, 2015
Disclosure of voting results

S. Prasad
Associate Vice President & Company Secretary
Sasken Technologies Ltd.
(formerly Sasken Communication Technologies Ltd.)
139/25, Ring Road, Domlur,
Bengaluru – 560 071. 
CIN: L72100KA1989PLC014226
For Investor queries:;
E-mail ID:
Tel: + 91 80 6694 3000
Fax: + 91 80 2535 1309

Registrar and Share Transfer Agent:
Karvy Computershare Pvt. Ltd.
Karvy Selenium, Tower B, Plot 31-32,
Gachibowli, Financial District, Nanakramguda,
Hyderabad – 500 032.
CIN: U72400TG2003PTC041636
Tel: +91 40 6716 2222
Toll Free No.: 1-800-3454-001
Fax: +91 40 2342 0814
Contact Person: Mr. Ganesh Chandra Patro,
Sr. Manager
E-mail ID: