Sasken Technologies Ltd.

Sasken Communication Technologies has informed that the Board of Directors of the Company at its meeting held on October 27, 2016 from 4.30 pm to 8.30 pm, has unanimously approved the Buy-back of fully paid up Equity Shares by the Company having face value of Rs 10 each up to 2,824,544 Equity Shares (representing 15.94% of the total paid-up equity share capital of the Company) at a maximum price of Rs 425 (Maximum Buy-back Price) per Equity Share payable in cash for a total consideration not exceeding Rs 12,004.31 Lakhs.

The above information is a part of company’s filings submitted to BSE.