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Sasken Technologies Ltd.

BSE: 532663 Sector: IT
NSE: SASKEN ISIN Code: INE231F01020
BSE 00:00 | 19 Jul 933.90 -29.40
(-3.05%)
OPEN

990.00

HIGH

997.00

LOW

915.00

NSE 00:00 | 19 Jul 936.45 -31.40
(-3.24%)
OPEN

990.00

HIGH

998.00

LOW

922.00

OPEN 990.00
PREVIOUS CLOSE 963.30
VOLUME 3929
52-Week high 1140.00
52-Week low 429.00
P/E 16.51
Mkt Cap.(Rs cr) 1,598
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 990.00
CLOSE 963.30
VOLUME 3929
52-Week high 1140.00
52-Week low 429.00
P/E 16.51
Mkt Cap.(Rs cr) 1,598
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sasken Technologies Ltd. (SASKEN) - Chairman Speech

Company chairman speech

Dear Shareholder

I am pleased to inform you that this marks the thirtieth year since we began ourjourney as a humble yet bold startup in 1989. I firmly believe that we are on a trajectorythat will see us grow faster and emerge stronger as we are on course to achieve our bold5x5 vision.

Embracing change has been the credo with which we have operated. Our new brand identityencapsulates our vision renewed energy and purpose. Our new identity is backed by ourbrand promise which includes the commitment to uphold ‘Intellectual Integrity' bybeing ‘Tech-first' and ‘World-Class' in all our endeavors.

As I reflect on this journey our key learnings have been to improve assessment ofopportunities mitigate associated risks and translate technical knowledge to servecustomer needs. We are well placed to leverage our core competence to address the needs ofmultiple industry verticals. The ability to make our expertise fungible build an agileorganization be prepared to respond to the demands of business in the digital era is ourkey di3erentiator. Our leadership team has pro-actively worked to position your Company asa service provider with a full complement of ‘Chip to Cognition' solutions in linewith our stated vision.

The confidence to be a strategic partner to our customers stems from our long-standingexpertise in silicon platforms embedded software communication technologies standardsand more recently digital technologies. The growth that we have posted through the fiscalyear 2018 further reiterates the achievability of the goals laid out in our 5x5 vision.

Our strength lies in the ability to keep abreast of the latest developments intechnology and help customers commercialize them. Our expertise serves to help ourcustomers achieve several advantages including shortened development life cyclesincorporate latest technologies gain significant market share among others. We take pridein the fact that we have powered the global launch of over 100+ unique products withcollective shipments exceeding a billion units.

In their 2017 ranking of product engineering service companies Zinnov – arenowned independent consulting firm validated our claim of being a leader in productengineering services. Your Company finds a place in the leadership zone in semiconductorsand telecommunications and among the leading players in automotive consumer electronicsand industrial automation.

I am delighted to share the highlights of how your Company has helped customers deliverworld-class products. In the satellite segment we have bagged the most significant dealin the history of the Company. We have been entrusted to build several variants ofsatellite terminals that are slated to launch in 2020. In the automotive segment wecontinue to help tier-1 OEMs and semiconductor companies build integrated communicationsystems. Our new services include solutions for enhanced driver assistance and safety.World leaders in the semiconductor segment actively partner with us to enhance theirproduct lines and support customers worldwide. Our industrial customers see us as theirsoftware arm bringing novel solutions in manufacturing and heavy engineering sectors.

As a progressive company we invest in technologies that define the future by creatingwhat experts call an Integrated Digital Mesh. Our ability to combine strengths in embeddedand digital services will catapult us to a position of leadership to build uniquesolutions for the physical and digital worlds.

DIVIDEND DATA

During the year your Company paid two interim dividends of (a) Rs. 2.50 per equityshare in Oct 2017; and (b) Rs. 3.00 per equity share in Feb 2018. Your Directors haverecommended a final dividend of Rs. 4.50 per equity share for the approval of shareholdersat the Annual General Meeting. The total dividend for the year ended Mar 31 2018 would beRs. 10 per equity share of Rs.10 each. I trust that you would be happy to note that yourCompany has maintained its track record of paying dividends since its listing in 2005.

On behalf of my managing team and I I thank you for staying invested in Sasken andpromise to do our best to uphold the interests of all our stakeholders.

Thanking you

Rajiv C. Mody

(Chairman Managing Director and CEO)