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Zen Technologies has released its QIP utilization report, showing proceeds are being deployed as planned. Out of Rs 979.51 Cr net proceeds from the QIP, Rs 627.22 Cr has been utilized to date. During the last quarter, Rs 57.11 Cr was used, with significant amounts directed towards working capital (Rs 37.72 Cr) and inorganic growth (Rs 15.36 Cr), which includes acquiring stakes in TISA Aerospace and Vector Technics. The remaining Rs 352.29 Cr of unutilized funds are held in fixed deposits. No deviations from the stated objectives were noted, assuring investors of disciplined capital allocation.