Sasken Technologies Ltd - 532663 - Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report Sr. No. Particulars Details 1Period for which the report has been issued 31/03/2019 2Date of Report16/05/2019 3 Name of the Certifying Firm G. Shanker Prasad 4 Name of the Certifying Individual G. Shanker Prasad 5Membership TypeACS 6 Membership Number 6357 7 CP No. 6450 8 Whether any observations/qualification reported by the Secretarial Auditor ? NO Sasken Technologies Ltd - 532663 - Format of Initial Disclosure to be made by an entity identified as a Large Corporate
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompaySasken Technologies Ltd 2CINL72100KA1989PLC014226 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY A1+ 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: S. Prasad Designation: Associate Vice President & Company Secretary EmailId: cosec@sasken.com Name of the Chief Financial Officer: Neeta S Revankar Designation: Whole Time Director & CFO EmailId: cosec@sasken.com Date: 23/05/2019 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets. Sasken Technologies Ltd - 532663 - Submission Of Disclosure Under Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit disclosure of Related Party Transactions on consolidated basis for the period ended March 31, 2019, drawn in accordance with the applicable accounting standards. This is for your information and records. Sasken Technologies Ltd - 532663 - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has on May 20, 2019 completed the dispatch of Postal Ballot Notice along with the Explanatory Statement and Postal Ballot Form to the shareholders whose names appear in the Register of Members / List of Beneficial Owners as on May 3, 2019 (a) through electronic means to the members whose e-mail addresses are registered with the Company / Depository Participants; and (b) through physical mode to other members whose e-mail addresses are not registered with the Company / Depository Participants in relation to Special Resolution to be passed for approval of Buy-back of Equity Shares of the Company through Tender Offer route. A Notice in respect of the above was also published in English language in Business Line, all editions and in Kannada Language (vernacular language) in Kannada Prabha, Bengaluru edition on May 21, 2019 (as enclosed). Sasken Technologies Ltd - 532663 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that our RTA - Karvy Fintech Pvt. Ltd. have received an application from Mr. Purushottam Balkrishna Ekande, one of the shareholders for issue of duplicate share certificate in lieu of original share certificate. Name of the Registered Holder Folio No. Share Certificate No. Distinctive Nos. No. of Shares From To Purushottam Balkrishna Ekande SCT9500017 69452 5600416 5600485 70 Please bring this to the notice of members and request them to inform us within one week from the date hereof whether they have any claim or are in possession of above original share certificate. We shall proceed to issue the duplicate share certificate, in lieu of original share certificate, after expiry of the aforesaid period. Sasken Technologies Ltd - 532663 - Announcement under Regulation 30 (LODR)-Cessation
Pursuant to SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September, 2015, we wish to inform that Mr. Bansi S Mehta, one of the Non-Executive Independent Directors of the Company, has ceased to be Director of the Company effective April 23, 2019 in accordance with Section 167(1)(b) of the Companies Act, 2013 (Act) i.e. vacation of office of Director being unable to attend any meetings of the Board of Directors held during the period of twelve months. The particulars required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are provided in attached letter. Sasken Technologies Ltd - 532663 - Financial Results For The Quarter And Year Ended March 31, 2019
Financials We are enclosing herewith the audited financial results (both consolidated and standalone) of the Company for the quarter and year ended March 31, 2019 as taken on record at the Board Meeting held today. Please also find enclosed a copy of each of the following documents: 1. Auditor's Report on (a) standalone and (b) consolidated financial results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 2. Media release being issued on this occasion. 3. Communication to Analysts on Sasken's Business Performance. As provided under Regulation 47(1) (b) of SEBI Listing Regulations, we will be publishing the extract of the audited consolidated financial results in the newspapers. The full format of the Financial Results will be made available on the Company's website (www.sasken.com). We will be uploading the Financial Results on the Stock Exchanges website: BSE Limited and National Stock Exchange of India Limited. Sasken Technologies Ltd - 532663 - Corporate Action-Intimation of Buy back
The Board has unanimously approved the proposal to Buy-back up to 19,98,678 fully paid up Equity Shares of the Company having face value of Rs.10 each ('Equity Share[s]') (representing 11.680% of the total number of equity shares of the Company) at a price not exceeding Rs.850 (Rupees Eight Hundred Fifty only) per Equity Share ('Maximum Buy-back Price') payable in cash for a total consideration not exceeding Rs.16988.76 lakhs (Rupees One Hundred Sixty Nine Crores and Eighty Eight Lakhs and Seventy Six Thousand), excluding transaction costs viz. fees, public announcement publication expenses, printing and despatch expenses, brokerage, applicable taxes such as Securities Transaction Tax, Goods and Service Tax, stamp duty, etc. and other incidental and related expenses ('Transaction Costs') (hereinafter referred to as 'Maximum Buy-back Size'), which is 24.96% and 25.00% of the total paid-up equity capital and free reserves (including securities premium account) as per the audited financial statements of the Company for the financial year ended March 31, 2019, on standalone and consolidated basis respectively, through the 'Tender Offer' route as prescribed under Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 ("Buy-back Regulations") and the Companies Act, 2013 ("Act") and rules made thereunder ("Buy-back"), on a proportionate basis from the equity shareholders / beneficial owners of Equity Shares of the Company, as on the record date to be decided at a later stage, subject to the approval of the shareholders of the Company by way of a special resolution through Postal Ballot and all other applicable statutory / regulatory approvals. The... Sasken Technologies Ltd - 532663 - Corporate Action-Board approves Dividend
Dividend We wish to inform you that vide our letter dated April 12, 2019, we had informed you that the Board would consider a proposal for recommendation of final dividend. The Board of Directors have recommended a final dividend of Rs.7.50 per equity share of Rs.10 each for the year ended March 31, 2019. This is subject to approval of shareholders. In all, the Company has declared and recommended a dividend of Rs.12.50 per equity share of Rs.10 each for the year 2018-19 - 125%, i.e. (a) An interim dividend of Rs.5.00 (50%) per equity share in October, 2018; and (b) Recommended a final dividend of Rs.7.50 (75%) per equity share subject to the approval of shareholders at the forthcoming Annual General Meeting. Sasken Technologies Ltd - 532663 - Outcome of Board Meeting
Please find attached herewith Outcome of Board Meeting wherein following items were considered: 1. Financials 2. Dividend 3. Re-appointment of Executive Directors for a period of up to 5 years 4. Re-appointment of Independent Directors for a term of up to 5 years 5.Buy-back of Shares Kindly take the same on record and disseminate this information to the public.