Sasken Technologies Limited — Important, 09-12-2024: Updates

Sasken Technologies Limited reported violations related to the SEBI (Prohibition of Insider Trading) Regulations by two designated persons. Mr. Amit Bhatt, Chief Architect, sold shares totaling Rs. 26,51,802 during the trading window closure without obtaining mandatory pre-clearance, resulting in a warning and a penalty of Rs. 50,000, which will be donated to the Investor Education and Protection Fund (IEPF). Additionally, Ms. Lata Bhat, Global Head of Talent Acquisition, sold shares worth Rs. 16,82,500 under similar circumstances. She received a warning and a penalty of Rs. 35,000, also to be donated to IEPF. Both individuals face ineligibility for future Employee Stock Options (ESOPs) for three years due to these violations. This situation underscores the importance of strictly adhering to insider trading regulations and emphasizes the company's commitment to compliance.