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Zen Technologies Ltd. Capital/Financing Update 2020
60795_rns_2020-09-02_a3570c9b-304f-41fd-ba6e-abbaeca6592c.pdf
Capital/Financing Update
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ZEN TECHNOLOGIES LIMITED
Certified ISO 9001:2015, ISO 27091:2013, ISO 14001:2015, CMMI ML5 Regd. Office : B-42, lndusjrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India Phone: +91 40 23813281, Fax No: +91 40 23813694 Email: [email protected] Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939
Date: 02 September 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: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and amendment thereto.
With respect to the above mentioned, please find attached herewith the clarification letter dated 02nd September 2020 received from the Promoters & Promoter Group of the company titled "Subscription of equity share warrants by payment of balance consideration of 75% ".
We request you to take the same on record.
Thanking You.
Works: Plot 36, Hardware Park, Near Shamshabad International Airport, Hyderabad - 501 510, Telangana, India
2nd September 2020
The Board of Directors Zen Technologies Limited B-42, Industrial Estate, Sanathnagar, Hyderabad- 500018, Telangana, India
Sub: - Subscription of equity share warrants by payment of balance consideration of 75°/o I
Respected Sirs/Madam,
We have already remitted around 478 Lakhs on 01.09.2020. In addition, in the best interest of the Company we deemed it necessary and were constrained to dilute a portion of promoter group's existing equity to facilitate subscription of share warrants on or before due date i.e., 4th September 2020 and accordingly sold 18,01,000 equity shares on l " September 2020.
Our above action is for strengthening the Company's financials and capital base during the pandemic and challenging times without which the equity warrants would have been forfeited and the Company would have been deprived of resources and capital.
We further inform that promoters group do not intend to do any further dilution in the near future and our existing dilution is a very special action forced upon us by the pandemic.
Assuring you of our best services to the Company
Thanking You.
Yours Truly For and on behalf of Promoters and Promoters Group
ASH OK ~g!~~~~gned ATLURI ATLU RI Date:2020.09.02 14:38:38 +05'30'
Ashok Atluri Managing Director and Promoter
KISHORE· Digitallysigned by KISHORE DUTT ATLURI Date: 2020.09.02 14:40:00 +05'30' oun ATLURI
Kishore Dutt Atluri President and Promoter