Sasken Technologies Limited — Regulatory Filings 2021

Feb 15, 2021

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BSE Limited February 15, 2021 Dept. 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

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Dear Sir / Ma’am,

Sub: Submission of Disclosure on Related Party Transactions Ref: Scrip Code 532663/ SASKEN

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit disclosure of Related Party Transactions on consolidated basis for the period ended December 31, 2020, drawn in accordance with the applicable accounting standards.

The financials for the quarter ended December 31, 2020 were taken on record by the Board at its meeting held on January 20, 2021.

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.

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Sasken Technologies Limited

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

Related party disclosures as of December 31, 2020 a) Following is the list of subsidiaries / controlled trust / joint ventures / other related	Related party disclosures as of December 31, 2020 a) Following is the list of subsidiaries / controlled trust / joint ventures / other related	Amount in Rs. Lakhs parties of the Company:	Amount in Rs. Lakhs parties of the Company:
Particulars	Country of Incorporation	Ownership interest as at
		December 31, 2020	March 31, 2020
Subsidiaries Sasken Finland Oy. (‘Sasken Finland’) Sasken Inc. (‘Sasken Inc.’) Sasken Communication Technologies (Shanghai) Co. Ltd. (‘Sasken China’) Sasken Communication Technologies Mexico, S.A. de C.V (‘Sasken Mexico’)	Finland USA China Mexico	100% 100% 100% 100%	100% 100% 100% 100%
Controlled trusts Sasken Foundation Sasken Employee Welfare Trust	India India
Joint ventures TACO Sasken Automotive Electronics Limited (‘TSAE’) - Under Liquidation	India	50%	50%
Other relatedparties		Nature of relationship
SAS Employees Provident Fund Trust Sasken Employees Gratuity Fund Trust Sasken Employees Superannuation Fund Trust	India India India	Post -Employement benefit plan of Sasken Post -Employement benefit plan of Sasken Post -Employement benefitplan of Sasken
b) Following is the list of other relatedparties:
Name of the relatedparty	Relationship
(i) Key Managerial Personnel('KMP'):
Mr. Rajiv C Mody Ms. Neeta S. Revankar Mr. S. Prasad	CompanySecretary Chairman and Managing Director Whole-time Director and Chief Financial Officer
(ii) Parties other than KMPs:
Mr. Bharat Patel Mr. Sanjay M Shah Mr. Sunirmal Talukdar Ms. Madhu Khatri Mr. Pranabh D. Mody Dr. G. Venkatesh	Woman Independent Director Independent Director Independent Director Independent Director Non-executive Director Non-executive Director
c) Relatedparty compensation
Particulars Short term employee benefits- KMPs Short term employee benefits- Others	Quarter ended December 31, 2020	Half Year ended September 30, 2020	Year ended March 31, 2020
	256.94 34.50	405.09 62.00	467.23 101.70
Total	291.44	467.09	568.93
Post-employment benefits comprising gratuity and compensated absences are not disclosed as these are determined for the Company as a whole.

d) Related Party Transactions other than those with KMP:
Particulars	Transactions during
	Quarter ended December 31, 2020	Half Year ended September 30, 2020	Year ended March 31, 2020
i) Cross charges for common administrative services - Sasken Finland - Sasken Inc. ii) Software development services rendered to: - Sasken Inc. iii) Software Development Services procured from - Sasken Finland - Sasken Inc iv) Interest earned on loan given to - Sasken Finland v) Dividends received from: - Sasken Finland - Sasken Inc. - Sasken China vi) Investments in Subsidiaries and Joint Ventures during the year - Sasken Inc vii) Loans given to: - Sasken Finland - Sasken Employee Welfare Trust viii) Loans repaid: - Sasken Employees welfare Trust - Sasken Finland ix) Contribution towards Corporate Social Responsibility expenditure: - Sasken Foundation x) Capital Repatriation - Sasken China	17.07 - - - 2.85 - 147.38 - - - - 654.50 - -	6.39 41.52 14.50 - 40.41 25.50 - - - - - - 345.31 85.00 -	7.27 88.88 185.68 21.08 102.97 59.70 - 473.23 - - - - 258.88 15.00 377.04
Particulars	Balances outstanding as at
	Quarter ended December 31, 2020	Half Year ended September 30, 2020	Year ended March 31, 2020
i) Loans outstanding from - Sasken Finland - Sasken Employee Welfare Trust ii) Amounts receivable towards reimbursement of expenses - Sasken China - Sasken Inc. - Sasken Finland iii) Trade payables - Sasken Mexico - Sasken China - Sasken Inc. - Sasken Finland iv) Deferred revenue - Sasken Inc. v) Trade receivables - Sasken Inc. vi) Unbilled and contract revenues - Sasken Inc.	- 201.92 47.41 - - 2.09 201.68 - - - -	647.46 201.92 47.84 18.15 3.01 2.11 203.53 13.22 3.33 - - -	951.98 201.92 49.11 7.36 - 2.17 208.92 13.57 8.06 - 10.42 9.32