Zen Technologies Ltd. — Capital/Financing Update 2021

Sep 3, 2021

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Date: 03[rd] September 2021

To To 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/Security ID: ZENTEC

Dear Sir/Madam,

Sub: Zen technologies secures new order of INR 155 Crores

Please find attached the press release titled "Zen Technologies secures new order of INR 155 Crores".

The above information is also available on the website of the Company: https://www.zentechnologies.com/press-releases

This is for your kind information and records.

Thanking You.

Yours sincerely,

For Zen Technologies Limited

RAVI KUMAR Digitally signed by RAVI KUMAR MIDATHALA MIDATHALA Date: 2021.09.03 08:55:20 +05'30'

Ravi Kumar Midathala Whole-Time Director M. No. 00089921

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Press & Media Release

Hyderabad, September 3, 2021

ZEN TECHNOLOGIES SECURES NEW ORDER OF ~ ₹ 155 CRORES

Zen Technologies Limited secured an order of ~ ₹ 155 crore from Indian Air Force (IAF) for the supply of Counter Unmanned Aircraft Systems (CUAS). The order will be carried out in a 12 month time frame. In the face of stiff competition from foreign companies partnering with Indian companies, Zen Technologies emerged as the lead runner on the back of superior product quality at at competitive pricing. This is Zen Technologies' first significant order in the anti-drone space, and the company remains confident of securing additional orders in the future.

Commenting on the order win, Mr. Ashok Atluri, Chairman, Managing Director & CFO commented:

“This is a significant step toward making India a drone and counter-drone technology export hub. These orders placed on Indian companies can have a multiplier effect on the Indian equipment manufacturers eco-system because products like anti-drone systems have a high export potential to friendly foreign countries. Anti-drone systems and training solutions are in high demand in many countries.”

Order Book Status

With the current order win the order book as on date stands as following:

Particulars	Equipment	AMC	Total
Domestic	159.64	118.52	278.16
Exports	124.45	-	124.45
Total	284.09	118.52	402.61

As a prudent measure, the company has removed ~ ₹ 64 crores order from its order book on account of delay in documentation from the customer. The Company will add back the order in case there is any positive development from the customer.

About Zen Technologies Limited

Zen Technologies Limited is a pioneer and leader in providing world class state-of-the- art Defence Training Solutions, Drones and Anti- Drones solutions and has a proven and impeccable track record in building training systems for imparting defense training and measuring combat readiness of security forces. The company is engaged in indigenous design, development and manufacture of sensors and simulators technology based defence training systems and has relentlessly been providing Defence Training Solutions and seamless services to Ministry of Defence (Armed Forces), Security Forces Police, Para-military forces and is privileged to have served the nation for over 2.5 decades.

The company manufactures land based military training simulators, driving simulators, Live range equipment and Anti drone Systems. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 90 patents and shipped more than 1000 training systems around the world.

Hansraj Singh Rajput

i
Hansraj Sngh Rajput	Diwakar Pingle	Abhishek Mehra
Company Secretary & Compliance Officer Zen Technologies Limited	Investor Relations Advisor	Investor Relations Advisor
cosec@zentechnologies.com	Christensen IR dpingle@ChristensenIR.com	The Investment Lab abhishek@theinvestmentlab.in

SAFE HARBOUR

Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks.

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Press & Media Release