BSECompany Update2d ago · 22 Sept 2026, 10:55 pm

Please find enclosed details of the Order passed by the Joint Commissioner Appeals, GST Department, Bengaluru.

Sasken Technologies Ltd · 532663

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Sasken Technologies Ltd has received an order from the Joint Commissioner Appeals, GST Department, Bengaluru, dismissing their appeal and confirming a tax demand of Rs. 12,78,57,765, including interest and penalty, for FY 2020-21. The company states that there is no material impact on its financials or operations.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Sasken Technologies Ltd - 532663 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

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BSE Limited September 22, 2026 Department of Corporate Services - CRD Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 National Stock Exchange of India Limited Exchange Plaza, C-1, Block - G, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 By Web Upload Dear Sir / Ma’am, Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Update on Tax litigation or dispute Ref: Scrip Code BSE: 532663 | NSE Symbol: SASKEN Pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, please find enclosed details of the Order passed by the Joint Commissioner Appeals, GST Department, Bengaluru. This is for your information and records. Thanking you, Yours faithfully, For Sasken Technologies Limited Paawan Bhargava Company Secretary Encl. as above Sasken Technologies Limited 139/25, Ring Road, Domlur, Bengaluru 560071, India T: +91 80 6694 3000, E: info@sasken.com CIN: L72100KA1989PLC014226 | www.sasken.com Annexure 1 S. No. Details of events that need to be provided Information of such event(s) 1. Name of the authority Joint Commissioner Appeals - 5, LGSTO 046 – Bengaluru, DGSTO - 5, Bengaluru, Karnataka 2. Nature and details of the action(s) taken or order(s) passed The Company has received appeal order under section 107(1) of the SGST Act, 2017 and CGST Act 2017 for FY 2020-21 dismissing the appeal filed by company and confirming the demand raised by DCCT Audit 5.9 and Demand involved is Tax:6,74,55,558/- Interest Rs. 5,36,39,607/- and Penalty Rs. 67,62,600/- (Total - 12,78,57,765/-). Also please note that interest amount has been recalculated at the time of issuing appeal order till the date of order and interest as per APL 04 is 7,02,60,032/-. And hence total demand with interest calculated upto date is Rs. 14,44,78,190/- 3. Date of receipt of direction or order, including any ad- interim or interim orders, or any other communication September 22, 2026 from the Authority 4. Details of violation(s) / contravention(s) committed or GST payable under reverse charge on alleged to be committed payments made to overseas branches by HO and GSTR-2B vs. GSTR-3B mismatch. 5. Impact on financial, operation or other activities of the There is no material impact on financial, no listed entity, quantifiable in monetary terms to the extent impact on operation or other activities of the possible. Company due to the dismissal of appeal. These Orders are currently appealable, and we will exercise our right to appeal before GSTAT.