Zen Technologies Ltd. — Capital/Financing Update 2021

Jul 24, 2021

Statementof Deviation/Variationin utilisation	offundsraised
Nameoflisted entity	Zen Technologies Limited
ModeofFund Raising	Preferential Issue of
	convertible warrants
DateofRaising Funds	1.04/02/2019-Dateof
	allotment of warrants&
	2. 03/09/2020-Dateof
	allotment of equity shares
	upon conversion of
	warrants
Amount Raised (in Rs.)*	17,85,95,440
Renort filed for Quarter ended	June 30, 2021
Monitoring Azencv	Not Aoolicable
Monitoring Agency Name,ifaonlicable	Not Anolicable
Is there a Deviation_I_Variation in useoffunds raised	No
If yes, whether the same is pursuanttochange in terms of a	Not Applicable
contract or objects, which was approved by the shareholders
If Yes, Dateofshareholder Annroval	Not Aoolicable
Exolanation for the Deviation_I_Variation	Not Aoolicable
Comments of the Audit Committee after review	None
Comments of the auditors,ifanv	None
Obieets for which funds have been raisedandwhere there has been a deviation, in the following table

OrigillalObjectThe proceedsof thepreferential issue will be utilizedtowards research and development (R&D),potential acquisitions, export promotion, working capital,capital expenditure and general corporate	Modified Object, ifanyNot Applicable	OriginalAllocation (inRs.)17,85,95,440	Modifiedallocation,ifanyNotApplicable	FundsRs.)	AmountofUtilised (in Deviation/Variation forRemarks iftbequarteraccording to anyapplicable obiect4,46,48,860 NoneNoDeviationsorVariations
purposes.