Sasken Technologies Limited — Others, 03-04-2025: Action(s) taken or orders passed

Sasken Technologies Limited has announced a board meeting to discuss recent orders from the Income Tax Department. The company faces a penalty of ₹17.07 lakh for the AY 2011-12 and an additional tax of ₹28.88 lakh for the AY 2012-13, both related to transfer pricing adjustments. Despite these developments, Sasken indicates that there is no material financial or operational impact from these tax liabilities. The orders are appealable, and the company is assessing its options. This news might foster a neutral impact on investor sentiment, with potential risks linked to ongoing tax disputes.