Sasken Technologies Limited — AGM Information 2021

Jun 30, 2021

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BSE Limited, Department of Corporate Services - CRD Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001

June 30, 2021

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: Newspaper advertisement titled ‘Notice of the 33[rd] Annual General Meeting and e-voting information.

Ref: Scrip Code: SASKEN / 532663

Please find attached copies of the newspaper advertisement titled ‘Notice of the 33[rd] Annual General Meeting and e-voting information’ published on June 26, 2021 in The Hindu Business Line, all editions in English language and Kannada Prabha, Bengaluru Edition in vernacular language.

This is also hosted on the Company’s website, at www.sasken.com.

This is for your information and records.

Thanking you,

Yours faithfully, For Sasken Technologies Limited

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S. Prasad Associate Vice President & Company Secretary

Encl. as above

Sasken Technologies Limited

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139/25, Ring Road, Domlur, Bengaluru 560071, India T: +91 80 6694 3000, F: +91 80 2535 1133, E: info@sasken.com CIN: L72100KA1989PLC014226 | www.sasken.com

BENGALURU

NEWS

7

BusinessLine SATURDAY[•] JUNE 26[•] 2021

BSNL pins hopes on ₹20,000­crore dues from DoT for revival

BSNL pins hopes on ₹20,000­crore dues from DoT for revival Govt extends FAME-II All unions of troubled PSU decide to unions in the coming days, tary Retirement Scheme (VRS), scheme by another 2 years while they have called for a monetisation of assets, provid­ OUR BUREAU ment of its manufacturing eco­ press their demands on a priority basis meeting on July 1 to decide on a ing sovereign guarantee for New Delhi, June 25 system in the country. ‘Charter of Demands’ to help bonds for funds to be raised by The government on Friday ex­ RAJESH KURUP by DoT. However, these were revive the firm. the firms. tended the Faster Adoption and Positive response Mumbai, June 25 paid from BSNL’s account. While BSNL provided VRS to Manufacturing of Electric Welcoming the step, Sohinder With its revival plans yet to DoT also owes BSNL dues un­ Cost cutting measures about 79,000 employees, mon­ Vehicles in India Phase II (FAME­ Gill, Director General, Society Of gain momentum, beleaguered der various heads such as Re­ Earlier, a BSNL officers’ group etisation of assets, guarantee II) scheme for two years to allow Manufacturers Of Electric telecom operator Bharat Sanc­ imbursement of leave encash­ The telecom dept’s dues to BSNL include payment for government had sought the withdrawal of for fund raising and its 4G the electric vehicle (EV) industry Vehicles (SMEV) said, “This will har Nigam Ltd (BSNL) is now ment for the PSU’s staff for the projects, building rents and excess pension contribution 200 excess Principal General plans are yet to take off. Worse, more time to extend the bene­ allow the EV industry more time pinning its hopes on ₹20,000­ period they worked with DoT, Managers and General Man­ the salaries of employees are fits to customers. “It is decided to extend the benefits to cus­ crore of dues from Depart­ support for rural telephony charges for service provided to week, and it was decided to agers posted on deputation also delayed by almost a that FAME India Phase II scheme tomers due to recent amend­ ment of Telecommunications and interest on surrendered DoT among others. seek this on a priority basis from DoT to the company, cit­ month. Following the VRS, is extended for a period of two ments and achieve the target un­ (DoT) to save the day. WiMax spectrum. Other dues “These bills are running up from DoT. The amount, if it ing “huge liabilities” to the BSNL had outsourced the years (up to March 31, 2024),” a der the scheme. In the last few According to sources close to include cost of surrendered to more than ₹20,000 crore comes in, could be used for PSU. maintenance of its landline Gazette Notification said. months, we have seen many the development, the salaries CDMA spectrum, excess pen­ since 2000. The dues pending BSNL’s revival,” one of the In October 2019, the Union and broadband connections. The phase­II scheme was im­ measures have been announced and pension contribution of sion contribution paid, pay­ from DoT was discussed at All sources said. The pending pay­ Cabinet approved a ₹69,000­ However, a huge number of plemented for three years from by Central and State govern­ officers who were deputed to ment for government projects, Unions and Associations of ment will be one of the major crore revival package for BSNL connections were shut down April 1, 2019, for faster adoption ments, which have brought pos­ DoT by BSNL were to be footed building rents and telecom BSNL (AUAB) meeting last themes for agitations by the (and MTNL), including a Volun­ due to poor maintenance. of electric mobility and develop­ itive sentiments in the industry.”

Crowded 5G network solutions segment may see a price war

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O-RAN opens doors to new vendors to the same software platform. them credibility and cus­
“With O­RAN, the core of the tomers. Sridhar said that
enter the space and develop products software which operates large IT companies could
base stations for the network provide system integration
AYUSHI KAR “O­RAN prevents vendor becomes standardised. Since similar to how TCS will integ­
Mumbai, June 25 lock­in; provides the carrier there is not much complex­ rate various elements of the
Telecom equipment segment with choices; promotes a ity to this task, companies 5G stack for Airtel.
could soon see a price war competitive environment cannot innovate too much to Reliance and Bharti Airtel
with as many as 10 Indian en­ for equipment manufactur­ provide a product that does developing Indian­made 5G
tities entering the fray to of­ ing; provides a level playing Indian operators have already this task distinctively better,” solutions could prove the
fer 5G network solutions field between large Network announced their own versions the expert said. According to world that they have the cap­
based on open source tech­ Equipment Manufacturers of ‘Made in India’ 5G solutions the expert, it is unlikely abilities to integrate a multi­
nologies. Companies includ­ (NEMs) and start­ups in the global operators will choose vendor, multi­technology
ing TCS, Saankhya Labs, ITI space.” own versions of ‘Made in In­ the Indian players as they network globally.
Ltd., STL Tech, HFCL, Tejas Badri Gomatam, Group dia’ 5G network solutions, may prefer to build their On a strategic level,
Networks and Tech CTO of the digital networks with the most recent being own solutions in­house or homegrown development of
Mahindra are making their integrator, STL Tech, said, the Bharti­Airtel and TCS enlisting vendors that offer 5G technologies could
move with an eye not only “We have been keeping an partnership. Reliance Jio is an even lower price. provide India a major ad­
on the Indian market but eye on the O­RAN develop­ also ready with its indigen­ Gomatam from STL Tech, vantage. According to tele­
also the globe. ments for quite some time ously developed platform. however, remains optimistic. com industry analyst Hem­
O­RAN (Open Radio Access and slowly building capabil­ Nahata believes that new “By investing into this space ant Joshi, self­dependence in
Network) is the new industry ities to provide 5G technolo­ competition will bring forth from the very beginning we operating a telecom network
standard for the Radio Ac­ gies. We already have a port­ innovation in technology as have the first movers advant­ is even more essential given
cess Network supplier eco­ folio of products available, well as drive down the price age,” he said. According to the geopolitical skirmishes
system that enables new customers in India, Japan of network components. But Gomatam, STL’s previous with China and the con­
vendors to participate in the and the US, and are investing this will not be easy. An in­ track record in the network sequent security and supply
network solutions space, 3 per cent of our revenue dustry expert on the condi­ solutions space is bringing chain issues.
which until now was domin­ into R&D.” tions of an­
ated by a handful of players, Mahendra Nahata, Man­ onymity
including Ericsson and aging Director of Telecom­ told Busi-
Nokia. With the hardware munications company HFCL, nessLine
and software technologies said he plans to invest ₹200 that there
for this becoming standard­ crore in the span of the next will be lim­
ised and open source, new 12 months on developing 5G ited product
players can enter the market solutions. differenti­
to develop products. ation since
According to V Sridhar, Opportunity to innovate? everyone
Professor at the Centre of IT Indian operators have will be
and Policy at IIIT Bangalore, already announced their building on
Forex reserves drop to $603.93 b
PRESS TRUST OF INDIA billion to $561.540 billion
Mumbai, June 25 for the reporting week, as BUSINESS OFFER
Sliding from a lifetime per data by the Reserve
BUSINESS FOR SALE
high, India’s forex re­ Bank of India.
serves declined by $4.148 After a $490­million LAXMISATYAM VENTURES Pvt Ltd (LSV)
billion to reach $603.933 rise in the previous week, is selling their Retail Business
in Sports & Fitness @ Nallagandla,
billion for the week the gold reserves de­ Hyderabad. We want to SELL it in
ended June 18 due to a fall clined by $2.170 billion to FULL.Interested parties can con-
in gold and currency as­ $35.931 billion, the data tact us − 9100100973.
sets, RBI data showed on showed. The special EDUCATIONAL
Friday. The forex kitty drawing rights (SDRs)
had surged by $3.074 bil­ with the International PRIVATE TUITIONS
lion to a record high of Monetary Fund dipped ONLINE SPOKEN English class.
$608.081 billion in the by $14 million to $1.499 8910122039.
previous reporting week. billion.
The country’s reserve
$1.9-b fall in FCA position with the IMF
The foreign currency as­ also decreased by $46
sets (FCA), a major com­ million to $4.965 billion
ponent of the overall re­ in the reporting week,
serves, declined by $1.918 the data showed.
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