Saven Technologies Limited
Saven Technologies Limited has submitted a formal clarification to BSE Limited's Listing Compliance Department regarding the escrow payment mechanism requirements.
The company received an email from BSE dated July 15, 2026, requesting submission of details relating to the Escrow Payment Mechanism.
In response, Saven Technologies clarified that the Escrow Payment Mechanism is not applicable to the company as it has not issued any instruments or arrangements for which this mechanism is required under the relevant SEBI Regulations. The specific regulatory reference cited is Para 4 of Continuous disclosures and compliances by listed entities under SEBI (Issue and Listing of Municipal Debt Securities) Regulations, vide circular number SEBI/HO/DDHS/CIR/P/2019/134 dated November 13, 2019.
The company concluded that no disclosure or submission is required in this respect and requested BSE to take this clarification on record.
The letter was digitally signed by Vasista Raghava Padmannagari, Company Secretary of Saven Technologies Limited, on July 16, 2026 at 12:38:39 IST.