Zen Technologies announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.Powered by Capital Market - Live

Zen Technologies has successfully raised Rs 1,000 crore through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on 21 August 2024, and closed on 23 August 2024, saw significant interest from both domestic and international investors, underscoring strong confidence in the company's strategic vision and market position. Zen Technologies allocated 62,46,096 equity shares, each with a face value of Re 1, to qualified institutional buyers (QIBs) at an issue price of Rs 1,601 per share. This pricing represents a discount of approximately 5% to the QIP floor price of Rs 1,685.18 per share, as determined by SEBI regulations. The QIP was oversubscribed by ''5 times, reflecting the high demand and investor confidence in Zen Technologies' growth strategy. Key investors participating in this QIP include Kotak Mutual Fund, White Oak Offshore Fund, White Oak Mutual Fund, Motilal Oswal Mutual Fund, and Bandhan Mutual Fund, amongst others. The proceeds from the QIP will be strategically deployed to accelerate Zen Technologies' growth plans. These include exploring inorganic growth opportunities and funding working capital requirement for the expected rapid growth in the coming years. This capital infusion aligns with the company''s long-term vision to penetrate adjacent markets (Naval and Air Force), to continue deep R&D in the field of counter-drone solutions, and expand its footprint in the global defence market.Powered by Capital Market - Live

Zen Technologies has received the Indian Patent Grant for its innovative Trigger Sensing System, a crucial component of the TacSim' range of products. This patent, granted on 22 August 2024, marks the 17th patent awarded to the company in the calendar year 2024 and the 7th in the financial year 2024- 25. The TacSim' product line is renowned for its Force on Force Training Systems, designed to evaluate and enhance the operational capabilities of the defense forces. This latest patent ispart of a suite of five patents related to the TacSim' range, which includes a Laser Unit, Indoor Tracking Unit, HE36 Grenade Simulator, Weapon Range Estimation System, and now, the Trigger Sensing System. The TacSim' product line is scalable and can incorporate the participants of all three services engaged in an integrated joint training exercise on all types of terrain. Extremely versatile in employment, it is an exceptional training tool for realistic training of tri-service tactical groupings of integrated theatre commands. The Trigger Sensing System, protected under the present Patent will be valid until 22nd October 2030. This system provides an enhanced method for accurately detecting the point of trigger activation in various firearm simulators, ensuring precise and realistic training experiences. It incorporates advanced technologies that simultaneously sense multiple aspects of firearm recoil, including vibration, shock, and sound, thereby minimizing the scope for false triggers and enhancing training accuracy. Powered by Capital Market - Live

Net profit of Zen Technologies rose 63.11% to Rs 76.81 crore in the quarter ended June 2024 as against Rs 47.09 crore during the previous quarter ended June 2023. Sales rose 92.24% to Rs 254.62 crore in the quarter ended June 2024 as against Rs 132.45 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales254.62132.45 92 OPM %43.7352.03 - PBDT113.2671.17 59 PBT110.2569.26 59 NP76.8147.09 63 Powered by Capital Market - Live