Zen Technologies Limited — Others, 14-05-2025: Monitoring Agency Report

Zen Technologies Limited has announced Crisil Ratings’ monitoring report on the utilization of Rs 979.51 Cr raised via QIP. So far, Rs 270.60 Cr has been deployed towards working capital (Rs 410 Cr allocation), acquisitions and strategic initiatives (Rs 350 Cr allocation), and general corporate purposes (Rs 219.51 Cr allocation). The remaining Rs 409.39 Cr is held in fixed deposits earning 7.4-7.8% interest. There have been no delays or deviations in fund usage, reflecting disciplined capital management aligned with Zen’s growth and operations.