Sasken Technologies Limited — Proxy Solicitation & Information Statement 2023

Aug 18, 2023

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

August 18, 2023

National Stock Exchange of India Limited Exchange Plaza, C-1, Block - G, Bandra Kurla Complex, Bandra (E) Mumbai - 400 051

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Dear Sir / Ma’am,

Sub: Newspaper Publication with respect to dispatch of Notice of Postal Ballot pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Scrip Code 532663/ SASKEN

In continuation to our letter dated August 17, 2023 wherein we have intimated your goodselves about the Postal Ballot to be conducted for Re-appointment of Ms. Madhu Khatri (DIN 00480442) as an Independent Director for 2[nd] Term of up to 2 years, please find enclosed a copy of each of the newspaper advertisement titled “Notice of Postal Ballot and E-voting Information”.

The advertisement published in Business Line, all editions (in English) and Kannada Prabha, Bengaluru Edition (in Kannada, vernacular language) today.

This is also hosted on the website of the Company - www.sasken.com/investors/general-meeting.

This is for your information and records.

Thanking you,

Yours faithfully,

For Sasken Technologies Limited Digitally signed by PAAWAN PAAWAN BHARGAVA BHARGAVA Date: 2023.08.18 18:38:06 +05'30'

Paawan Bhargava Company Secretary

Encl. as above

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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

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BENGALURU businessline. FRIDAY ­ AUGUST 18 ­ 2023

news[. ] bl[.] 5

Finfluencers need SEBI, IRDAI licence to ply their trade: ASCI

QUICKLY.

Be on top of tech to realise productivity gains: FM to CAs

GSTN looking for firms to prepare GST 2.0 roadmap

KR Srivats

New Delhi IT’S TIME. Says it is imperative to protect consumers from the consequences of advice from non­experts Finance and Corporate Af­ fairs Minister Nirmala egories such as banking, fin­ material. Sitharaman on Thursday Meenakshi Verma Ambwani ancial services and insur­ “These disclosures should asked chartered accountants New Delhi ance can significantly be superimposed on the to embrace technology in impact consumers’ financial visuals prominently and up­ their professional working, New Delhi: With Infosys’ contract In a bid to safeguard con­ security. “For the purposes front, or mentioned as the noting that such an endeav­ for providing technology sumer interests, the Advert­ of advice on financial invest­ opening remark in the video. our would yield them huge Finance Minister support for GST ending in ising Standards Council of ments covered by regulators In case of blogs or text­ productivity gains in their Nirmala Sitharaman September , GST Network India (ASCI) has tightened such as SEBI or IRDAI, spe­ based posts, disclosures functioning. (GSTN) has started scouting for its guidelines for financial cific registrations and li­ should be stated upfront be­ Only when you do it, use it a consultancy firm to prepare social media influencers cences would be needed to fore the consumer has to and adapt it, you will realise that it the new ICAI course is the bid document for selection also known as “finfluen­ be disclosed in all advertise­ read the post. In podcasts or how much of a change it can in line with the new national of a new service provider and a cers.” It has also put more ments by social media influ­ audio posts, they should be bring towards greater pro­ education policy. “Focus is roadmap for transitioning the onus on social media influ­ encers,” she added. called out at the beginning ductivity”, Sitharaman said now on how to learn than system capacity to the next level encers that endorse health of the advertising content,” at the inaugural session of what to learn. The national — GST 2.0. PTI or nutrition­related claims. NEW MANDATES the self­regulatory body ad­ National CA Conference education policy gives the In its revised guidelines, ASCI has also revised its ded. titled “Sambhavna: CA pro­ creative instinct to learn­ ASCI said that ‘finfluencers’ RAISING THE BAR. Norms for health influencers endorsing guidelines for influencers “Unlike celebrities, whom fession in Digital era” at ing”, she added. can now offer investment­ health products, nutrition­related claims have also been tightened who endorse products that consumers clearly know the Bhubaneswar. PE, VC investments fall related advice only after be­ make claims on health and fields they belong to, they Sitharaman also urged GLOBAL LEADERS 5% to $3.9 billion in July ing registered with the Se­ nutrition. It has said that may not necessarily know CAs to familiarise them­ Sitharaman said that govern­ curities and Exchange Board as a chartered accountant, SEBI has raised concerns such influencers must hold which influencers have the selves on the global develop­ ment was taking all possible of India (SEBI). They should hold a company secretary­ about finfluencers spread­ relevant qualifications such necessary qualification and ments in newer areas like efforts to encourage Mumbai: Private equity and prominently display their ship, among others. ing misleading advice re­ as medical degrees or certi­ expertise to provide the carbon accounting, CSR ac­ chartered accountants to venture capital funds’ registration number along­ Moreover, they are expected garding investments and fication in nursing, nutri­ right advice and also inform counting, and environment, emerge as global leaders in investments in the country side name and to adhere to all disclosure stock trading. It is also ex­ tion, dietetics, physiother­ them of any associated risks. social and governance their profession. In particu­ declined 5 per cent to $3.9 billion qualifications. prerequisites as stipulated pected to release a draft dis­ apy or psychology. To safeguard consumers (ESG). A good handle on the lar, Sitharaman noted that across 59 deals in July, a report “For other financial ad­ by financial sector regulat­ cussion paper on regulating The self­regulatory body from the consequences of expectations on these newer India and the UK are now ne­ said on Thursday. While overall vice, influencers must pos­ ors from time to time,” finfluencers. added that health and finan­ advice from non­experts, areas are critical for CAs to gotiating a free trade agree­ investments were lower than the sess appropriate credentials ASCI added. Manisha Kapoor, CEO cial influencers must give these additional require­ better advise their clients in ment which could augur well $4.1 billion in July last year, the such as a licence from the and Secretary General, proper disclosure about ments should now be fol­ these matters, she said. for Indian CAs who would amount was 17 per cent higher Insurance Regulatory and TIMELY INTERVENTION ASCI, told businessline that their qualifications and re­ lowed by health and finan­ On the new CA course cur­ have a lot to look forward to than June this year, as per the Development Authority of The revised guidelines by inaccurate and deceptive gistration details on all cial influencers,” Kapoor riculum launched on July 1 in working with their coun­ report byconsultancy firm EY. PTI India (IRDAI), be qualified ASCI comes at a time when advertising content in cat­ types of promotional added. this year, Sitharaman noted terparts in England.

Renewed interest from global firms in E&P sector to have limited impact

PSUs can pool their re­ imports for meeting do­ companies are reducing oil/ petus to focus on improving urbanisation, S&P Global Rishi Ranjan Kala sources and jointly acquire mestic demand. gas investments while trans­ recovery factors. Commodity Insights said New Delhi such assets. The BP Energy Outlook itioning to a broader fuel “Indian public sector oil/ adding that the total primary Domestic exploration has and International Energy mix,” the analysis pointed gas companies can pool re­ energy demand more than The renewed interest shown yielded mixed results over Agency (IEA) estimate that out. sources and jointly bid for doubled from 2000 to 2020, by international oil and gas the last decade with no new India’s energy demand would Still, there is potential to these assets. They can also surging to 937 million tons of majors in India’s exploration major discoveries, the ana­ grow at about 3 per cent per boost output at Indian oil and partner with strategic inter­ oil equivalent (Mtoe) from & production (E&P) sector is lysis report, prepared by S&P annum till 2040, against the gas fields using secondary national investors that want 417 Mtoe. expected to have a limited im­ Global Commodity Insights global rate of 1 per cent. Be­ and tertiary recovery techno­ to access India’s growing do­ Still, India’s energy con­ pact as these firms are redu­ Chief Energy Strategist Atul sides, India is likely to ac­ logies. Average recovery mestic energy market. sumption per capita is less cing investments in the sec­ Arya and Executive Director, count for around 25 per cent factors in India are 20­30 per Greater ownership of foreign than 1/10th of the US’s. How tor, S&P Global Commodity Energy Transitions and of the global energy demand cent compared with global oil/gas supplies will ensure India meets its growing en­ Insights has said. Clean Tech Consulting Gauri growth between 2020­2040. averages of 35­40 per cent, it energy security for India and ergy demand and changes its The agency in its latest Jauhar, said. added. help in managing price volat­ primary energy mix over the analysis on India’s energy The government has re­ LIMITED IMPACT The report emphasised ility,” it suggested. coming decade will substan­ transition pointed out that as newed its interest in boosting “Renewed interest in India that application of new tech­ India’s energy transition tially influence global energy several companies are divest­ domestic production of oil from international oil and gas nologies, including digital, reflects its robust economic markets and help determine ing their interest in oil and and gas in the country as it companies is likely to have machine learning and data growth, with a fast­expand­ if, and when, global emissions gas assets, Indian oil and gas aims to check dependence on limited impact because these analytics, offers further im­ ing middle class and rapid targets are reached, it added.

India forays into cathode active material production through PPP

NTPC inks pact to hive off mining business to its subsidiary

the key component of CAMs. ment from the company said. 17, 2023, in New Delhi. The NTPC Mining Ltd through a Our Bureau This is product is used in the The company has partnered up Press Trust of India BTA shall become effective Business Transfer Agree­ Hyderabad manufacturing of advanced with YLB of Bolivia for a con­ New Delhi upon completion of the con­ ment. The deal was ap­ Lithium­ion cells that would sistent and secure supply of bat­ ditions precedent men­ proved by the Audit Com­ In a bid to achieve self­reliance help the electric vehicles in­ tery grade lithium carbonate State­owned power giant tioned in the BTA,” a BSE mittee and Board of and reduce global dependence dustry and other industrial necessary for the production. NTPC on Thursday inked a filing stated. Directors. on Cathode materials, India is applications. “After years of R&D, we have business transfer agree­ On July 29, 2023, the The consideration of this looking into Cathode Active The company was formed to come up with a technology that ment (BTA) to hive off its company informed the transaction is ₹7,794.99 Material (CAM) production support the Government of In­ is fool­proof, economical and mining business, compris­ bourses about the approval crore, based on book value through public­private partner­ dia’s Advanced Chemistry Cell ­ sustainable. We are very confid­ ing six coalfields, to its arm of the Board of Directors of as per the Audited Finan­ ship (PPP). PLI scheme, targetted to local­ ent that we will be India’s leader NTPC Mining Ltd. NTPC Ltd for hiving off its cials as of March 31, 2023, The ARCI (International Ad­ ise the manufacturing of Li­ion in cathode materials and Tier­1 “NTPC Ltd and NTPC coal mining business, con­ payable through a combina­ vanced Research Centre for cells and batteries in India and supplier to global original Mining Ltd (NML) have ex­ sisting of 6 coal mines, to its tion of cash/ equity shares/ Powder Metallurgy and New will continue to operate as a equipment manufacturers, ecuted the BTA on August wholly­owned subsidiary debt liability. Materials), which works under public­private partnership with while creating a secure supply the Union Ministry of Science ARCI. chain in India and supporting and Technology, in collabora­ “Altmin has already secured the local clean energy trans­ tion with Altmin has come out interest from major battery ition,” said Mourya Sunkavalli, with the maiden product – Lith­ players for product deployment Founder and Managing Dir­ ium Ferrous Phosphate (LFP), in India and globally,” a state­ ector of Altmin.

‘India needs to take the lead in affordable medical device manufacturing’

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Our Bureau
New Delhi
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India should take the lead in manufacturing of affordable medical devices, the Union Minister of Health & Family Welfare and Chemicals & Fer­ tilizers, Mansukh Mandaviya, said on Thursday. Speaking at the India Union Health & Family Welfare MedTech Expo 2023 in Gu­ Minister Mansukh Mandaviya jarat, the Minister said, the country is already recognised as the ‘Pharmacy of the World’ two important steps that have and it “has to become the already been taken to promote leader in the manufacturing of infrastructure development affordable, innovative and and strengthen testing facilit­ quality medical devices”. ies for medical devices here. “Our goal is to become self­ According to Dr VK Paul, reliant in the medical device Member, NITI Aayog, the In­ sector and reduce our import dian MedTech sector is now at dependency,” he said. an inflection point and needs The Export­Promotion “to move in the direction of ex­ Council for Medical Devices ponential growth in terms of and a scheme for Assistance of quantity, quality and global Medical Device Cluster are reach”.

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CM YK