Zen Technologies Ltd. — Capital/Financing Update 2020

Aug 10, 2020

Date: 10 August 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 Kurla Complex, Bandra (E), Mumbai – 400 051 Through: NEAPS

Security Code: 533339

Symbol/Security ID: ZENTEC

Dear Sir/Madam,

Sub:Media release on operational updates

We are enclosing herewith a copy of Media Release dated 10 August 2020.

This is for your information and record.

Thanking You.

Hon'ble Defence Minister Rajnath Singh yesterday announced a list of 101 items that the Defence Ministry will stop importing. Indian Armed Forces — Army, Navy and Air Force — will only procure these items from domestic defence industry. India has been one of the world's largest importer of defence equipment. This announcement is expected to give a tremendous boost to the domestic defence industry.

The list of 101 items to be procured domestically includes 9 simulators. All the said simulators are designed, developed and manufactured by Zen Technologies Limited. We expect the announcement to provide the much needed push for the domestic defence industry and, particularly, players like Zen that have invested heavily into R&D and produced a number of indigenously designed, developed and manufactured training systems.

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.