Sasken Technologies Ltd

Dear Shareholders,

As one of the founders, I take immense pride in leading this 35-year-young Company; and I use the word young deliberately.

Because even though we have decades of engineering excellence behind us, our spirit remains driven by curiosity, courage, and an unquenchable desire to improve. We have persevered through the years, constantly adapting to stay relevant to our marquee customers, many of whom are Fortune 500 companies and have been with us for decades. In an industry shaped by rapid transformation, Sasken has remained grounded in purpose and disciplined in execution.

At the heart of Sasken's resilience lies our

Chip-to-Cognition DNA - the ability to connect silicon to software, edge to cloud, AI and machine learning. It is this deep, horizontal strength across the product lifecycle that continues to power our relevance in an increasingly connected world. We have built this journey by combining engineering rigour with an enterprise mindset to create impact, not just code.

As we reflected on this legacy and looked ahead, it became evident that our next phase of growth required sharper focus and scaled ambition. This thinking gave rise to our 60x4x3 strategy, a bold, enterprise-wide mission to:

Focus and grow at least 60 of our

Marquee customers

Grow and sustain them to at least $4 Mn each and if the potential is larger, then work on growing them into even larger accounts

In 3-year timeframe - by FY '27

As an Organization, the mission 60x4x3 is the north star that has aligned every function and every level of the Organization. It has helped us sharpen our focus, challenge our limits, and energize our teams with clarity of purpose.

Over the past five quarters, we have delivered consistent revenue growth, closing FY 2025 with 3550.91 crores in consolidated revenues, a 35.6% YoY increase. Quarter after quarter, this growth trajectory has reaffirmed the choices we've made and the direction we've taken. More importantly, we now see 17+ of our customers contribute $1 million+ in revenue. During the last year, we have seen a steady increase in the number of active customers, reflecting the growing trust in Sasken's capabilities. Our portfolio shows a healthy balance of long-standing anchor accounts and newer, fast-scaling relationships.

The customer breakup by revenue is progressively shifting towards higher-value clients, reinforcing the effectiveness of our 60x4x3 mission and our focus on driving sustainable, high-impact partnerships. Credit for this entire growth goes to every Sasian, who have worked relentlessly with the single-minded focus to march towards this mission of ours.

This year, we deepened our capabilities across high-impact technologies:

Generative AI, where we launched accelerators to expedite software delivery and intelligent log analysis.

Automotive SDVs, ADAS, and Digital Cockpits, through scalable software frameworks and Virtual Cockpit platforms.

NTN Satellite Communications, where we are contributing to D2D innovation, gateway development, and next-gen MSS/LEO solutions.

Cybersecurity and Product Security, with a shift-left focus to embed compliance and resilience from the design stage.

To achieve these, we took a conscious call to proactively invest into the development of these technologies, which we can take to our customers. We will see this resulting in deeper engagement with our customers in the coming years.

We also took some bold actions on how to grow business in an inorganic manner. We realized that some of the areas which are expected to be high growth areas and market requires us to think outside the box. Silicon Design, ODM and setting up of Sasken Japan Co. Ltd, a wholly owned subsidiary are such decision we took to build new vectors of growth particularly from domain and market perspectives.

• Our focused push in Sasken Japan subsidiary is gaining strong momentum. We are setting up regional teams, engaging directly with OEMs and Tier-1s, and building a reputation for quality and trust.

• Strategic investment in Sasken Silicon

Technologies Pvt. Ltd. & Sasken Silicon Inc. has strengthened our capabilities in semiconductor design and foundry services; an area of strategic importance as silicon becomes central to innovation across sectors.

• Acquisition of Borqs International Holding Corp along with its wholly owned subsidiaries, reflect our strategic commitment to become a comprehensive, end-to-end ODM player. This move strengthens our ability to deliver integrated value across the smart device ecosystem, from concept and design to development and manufacturing. It allows us to collaborate more closely with customers and ecosystem partners, enabling us to drive innovation in scale, enhance relevance, and deepen our impact across markets.

These strategic investments are creating a differentiated Sasken, one that is deep in domain expertise, rich in partnerships, and ambitious in its goals.

While our business is growing, what truly excites me is the cultural transformation underway. Teams across Sasken are taking more ownership, making faster decisions, and pushing for outcomes. We have focused deeply on goal alignment across all levels, and this is evident in the sharpness of execution we are now seeing. Every team, every individual now sees how their work contributes to the success of our 60x4x3 mission.

Our focus on people is equally relentless. FY 2025 saw one of the lowest attrition rates in the past 17 years, a direct outcome of our investment in engagement, recognition, learning, and growth. From new leadership development programs and DEI initiatives to a reinvigorated employer brand, we are nurturing a high-trust, high-performance culture. Our Great Place to Work? recertification and recognition by Avtar Seramount are proud validations of our people-first approach.

At the same time, our brand visibility across customers, partners, and talent is at its highest. We are now being seen and heard in conversations that matter:

• At Mobile World Congress, CES, Satellite Show, Autotech Show and other industry forums, where our teams have showcased cutting-edge solutions.

• In domains like automotive SDVs, 5G/6G, satellite communications, and on-device AI, where Sasken is partnering in programs that shape the future.

• Our partnerships with AWS, ARM, BlackBerry, Databricks, and more continue to grow, enabling us to co-innovate and co-deliver differentiated value to our customers across automotive, semiconductors, smart devices, telecoms, and industrials.

As I look at FY26, I am filled with optimism and confidence. Our priorities are clear:

• Razor sharp focus on how to grow the customer accounts and be relevant to them all the time, show continued success in our 60x4x3 mission,

• Successfully integrating Borqs to create a unified, agile, and build an ODM business.

• Scaling our Japan Operations and Sasken Silicon,

• Deepening our investments in AI, product security, digital twins, cloud-native development, and cyber-resilient design.

• Continuing to build a company that is transparent, inclusive, and driven by accountability at all levels.

To our shareholders, partners, customers, and employees — thank you for believing in Sasken. We are not just building a company that grows; we are building one that endures, inspires, and leads.

The best is yet to come.