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Zen Technologies Ltd. Capital/Financing Update 2020
60795_rns_2020-08-28_3c0b7660-df58-4132-886a-ba003af72519.pdf
Capital/Financing Update
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Date: 28 August 2020
To Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Through: BSE Listing Centre
Security Code: 533339 Symbol: ZENTEC
To Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 Through: NEAPS
Dear Sir/Madam,
Sub: Disclosure of Information/Event under Regulation 30 of SEBI (LODR) Regulations, 2015 - Updates on Convertible Warrants
Ref: Stock Exchange intimations dated 23 July 2020 and 30 July 2020
With reference to the subject cited above and in continuation to our intimation letters dated 23 July 2020 and 30 July 2020, and due to the approaching deadline for conversion of warrants, the company has received request letter from the Promoters of the company on August 28, 2020 i.e., today and in view of the on-going COVID-19 Pandemic and consequent lockdown restrictions imposed by the Central I State authorities from time to time and to arrange funds for conversion of the warrants before the extended time limit by September 03, 2020, the promoters could arrange funds for partial amount of Rs 450 Lakhs towards payment of balance 75% of consideration of share warrants against the total requirement of 125 3. 97 Lakhs.
Accordingly, The Warrant Holders have sought the following reliefs: -
- ( a) Extension of the tenure for conversion of the warrants by grant of a moratorium of further 3 months upto 03.12.2020 for payment of balance amount of Rs 803.97 Lakhs.
- (b) Such other relief as may be deemed fit by the Board of Directors with any stipulation and permissible by the regulators which would safeguard the interest of warrant holders and of the Company by infusion of further capital though little deferred. 1
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: [email protected] Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939
The company made an application to SEBI based on the request of the Warrant Holders today and any further updates in this regard shall be intimated to the stock exchanges promptly.
The above updates may please be noted.
Thanking you.
Hansraj-Singh Rajput" Company Secretary & Compliance Officer M. No. A38213