Zen Technologies Ltd. — Capital/Financing Update 2020

Oct 9, 2020

ZEN TECHNOLOGIES LIMITED

Certified ISO 9001:2015, ISO 27001:2013, ISO 14001:2015, CMMI ML5 Regd. Office : B-42, Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India Phone: +914023813281, Fax No: +914023813694 Email: info@zentechnologies.com Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939

Date: 09 October 2020

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Through: BSE Listing Centre

To National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Koria Complex, Bandra (E), Mumbai- 400 051 Through: NEAPS

Security Code: 533339 Symbol/Security ID: ZENTEC

Dear Sir/Madam,

Sub: Media release on operational update

We are enclosing herewith a copy of Media Release dated 09 October 2020 on the operational update of the company.

This is for your information and record.

Thanking You.

Works: Plot 36, Hardware Park. Near Shamshabad International Airport, Hyderabad - 501 510, Telangana, India

Updates: Receipt of orders from Indian as well international customers for Annual Maintenance contract and supply of products.

• 1. This is to inform you that today we have received an order from a government customer for Annual Maintenance Contract for a period of 5 years for an approximate value of~ 40 Cr.
• 1. On export front the Company recently received an order for supply of Zen's simulators to a West African army for about USO 1.4 million and the same has been partially executed.

Further the Company received order for supply of Zen's simulators to a Middle East country for about 700,000 USO. The order is expected to be executed during Q3 of FY 2020-21.

Both the export orders aggregate to~ 15.56 Crores (converted USO@~ 73.28).

About Zen Technologies Ltd. (Zentec)

Zen Technologies is a leading defense training solutions provider. It was incorporated in the year 1993 with an aim to develop state-of-the-art training simulators for weapons and allied defence equipment.

Zen, over the years, has developed expertise in designing, developing and manufacturing various types of simulators. The company has supplied over 450 simulators to over 100 customers. Its customers are located across the length and breadth of the country. Its main customers are Defence, Services, State Police forces, Para Military forces and the Navy of a South-East Asian country.

Disclaimer: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes. Local political or economic developments and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Zen Technologies Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.