Zen Technologies Ltd. — Capital/Financing Update 2021

May 1, 2021

Statement	of Deviation_I_Variationinutilisation of funds raised	of Deviation_I_Variationinutilisation of funds raised
Nameoflistedentity		Zen TechnologiesLnmred
ModeofFundRaising		Preferential Issueof
		conveniblewarrants
Dateof Raising Funds		I04/02/2019-Date of
		allotment of warrants&
		2. 03/09/2020-Dateof
		allotment ofequir, shares
		upon conversion of
		warrants
Amount Raised(111Rs	J*	17,85,95,440
Report filed forQuarter ended		March31, 2021
MonitoringAgency		Not Applicable
MonitonngAgencyName,if applicable		Not Applicable
IsthereaDeviation_I_Variationinuseoffundsraised		No

Original Object	Modified Object,ifan)'	OriginalAllocation (inRs.)	Modifiedallocation,if any	FundsRs.)	Amount ofUtilised (in Deviation/Variation forthe quarter according toapplicable object	Remarks ifany
Theproceeds of the preferential issuewrllbeuulized	NotApplicable	17,85,95,440	No1		4,46,48,860 None	No
towards researchand development(R&D).			Applicable			Deviations
potentialacquisiuons.exportpromotion.work.ngcapital,						or
capitalexpenditureandgeneralcorporate						Variations
purposes.