Zen Technologies Limited — Others, 18-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Zen Technologies Limited has announced a board meeting on the financial results for the quarter and half-year. The company successfully raised Rs. 979.51 Cr through a Qualified Institutional Placement (QIP), deploying the funds mainly for working capital (Rs. 371.26 Cr), acquisitions and strategic initiatives (Rs. 105.70 Cr), and general corporate purposes (Rs. 93.16 Cr). The company reports disciplined fund utilization with no deviation from the planned uses, highlighting prudent financial governance that supports its growth and operational strategies.