Zen Technologies Limited — Others, 05-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Zen Technologies Limited reported no deviations in the utilization of funds raised through their recent Qualified Institutional Placement (QIP), amounting to Rs. 979.43 crores. The Audit Committee reviewed the fund usage for the quarter ending September 30, 2024, confirming that funds allocated for working capital, inorganic growth, and general corporate purposes were utilized as planned. The completed QIP involved issuing 62,16,096 equity shares at an issue price of Rs. 160 per share.