Zen Technologies Ltd. — Capital/Financing Update 2021

Nov 25, 2021

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Date: 25[th] November 2021

To To Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai- 400 051 Through: BSE Listing Centre Through: NEAPS

Security Code: 533339

Symbol: ZENTEC

Dear Sir/Madam,

Subject: Intimation of allotment of Compulsorily Convertible Debentures (“CCDs”) and Convertible Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018.

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations, 2015'), we wish to inform you that the Board of Directors of the Company vide circular resolution passed today i.e., 25[th] November 2021 has, inter alia, considered and approved the allotment of 10% Compulsorily Convertible Debentures (“CCDs”) and Convertible Warrants on preferential basis pursuant to Shareholders’ Resolution dated 11[th] November, 2021 and In-principle approval received from the BSE and NSE:

1. Allotment of 4,064,627 (forty lakh sixty four thousand six hundred twenty seven) 10% Compulsorily Convertible Debentures ("CCDs") having face value of Rs. 213/- each, for cash, for an aggregate amount of up to Rs. 865,765,551/-, which shall be converted into equal number of Equity Shares of Rs.1/- each at a premium of Rs. 212/- with in a period of 18 months, on a preferential basis to the persons belonging to "Public Category" specified here-in-below:

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----- Start of picture text ----- Total amount paid (inSName of the Allottee Number of CCDs Rs.) (IncludingNopremium)1. Massachusetts Institute Of163,660 34,859,580Technology2. University of Notre Dame DU LAC 1,405,080 299,282,0403. GP Emerging Markets Strategies LP 405,440 86,358,7204. The Ram Fund LP 452,330 96,346,2905. Pragma Fund SPC - Equities229,652 48,915,876Segregated Portfolio6. Mukul Mahavir Agrawal 1,126,765 240,000,9457. Jateen V Tanna 93,900 20,000,7008. Emerge Capital Opportunities 93,900 20,000,700----- End of picture text -----

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	Scheme
9.	Chanakya Corporate Services PrivateLimited	93,900	20,000,700
	Total	4,064,627	865,765,551

1. Allotment of 4,69,633 Convertible Warrants, convertible into each warrant into one equity share of Rs. 1/- each at a premium of Rs. 212/- upon exercising the Warrant, so as to raise up to Rs. 10,00,31,829/- on a preferential basis to the persons belonging to "Promoter Category" specified here-in-below:

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----- Start of picture text ----- Total amount paid (inNumber of ConvertibleS No Name of the Allottee Rs.) (IncludingWarrants premium) *1 Ashok Atluri 234,883 12,507,5202 Kishore Dutt Atluri 234,750 12,500,438Total 469,633 25,007,958----- End of picture text -----

*25% amount paid towards Subscription Convertible Warrants.

It is further informed that one of the Investor namely The TIFF Keystone Fund, L.P., who has consented to subscribe up to 160,740 CCDs (amounting to Rs.34,237,620/-) had not participated in the offer due to a change in the terms of CCDs.

The information contained in this intimation is also available on the Company’s website https://www.zentechnologies.com, on the website of the National Stock Exchange of India Limited (www.nseindia.com) and BSE Limited (www.bseindia.com). This is for your information and record.

This is for your information and record.

Thanking you.

Yours faithfully,

For Zen Technologies Limited

HANSRAJ Digitally signed by HANSRAJ SINGH SINGH Date: 2021.11.25 18:01:01 +05'30'

Hansraj Singh Rajput Company Secretary and Compliance Officer M. No. F11438

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