Zen Technologies Ltd. — Capital/Financing Update 2022

Nov 12, 2022

**Statement of Deviation / Variation in utilisation of funds raised **!Nameoflisted entityIZenTechnologiesLimited	**Statement of Deviation / Variation in utilisation of funds raised **!Nameoflisted entityIZenTechnologiesLimited
ModeofFundRaising	PreferentialIssueof
	convertiblewarrants&
	compulsoryconvenible
	debentures
DateofRaisingFunds	25thNovember202l
AmountRaised(inRs.Lakhs)	8,907.73
ReportfiledforQuarterended	30thSep 2022
MonitoringAgency	NotApplicable
MonitoringAgencyName,ifapplicable	INotApplicable
IsthereaDeviation/Variationinuseoffundsraised	INo
Ifyes, whetherthesameispursuanttochangeintermsofa	[NoiApplicable
contractorobjects,whichwasapprovedbytheshareholders
lfYes,DateofshareholderApproval	NotApplicable
ExplanationfortheDeviation/Variation	INotApplicable
CommentsoftheAuditCommitteeafterreview	None
Commentsofthe auditors,ifanv	None
Objectsforwhichfundshavebeenraisedandwheretherehasbeenadeviation,in		thefollowingtable
OriginalObject	IModifiedObject,ifany	OriginalIModifi~dAllocation(inRs.allocation,Lakhs)ifany		IFundsUtilised Rs.InLakhs)	(inlDeviation/VariationforAmountofthe**quarter according to ****applicable object **	Remarksif 1any
The proceedsofthepreferential issueshallbeutilizedto	INotApplicable		8,907.73!Not	8,907.73INone		!No
meettheAnnualBusinessPlansoftheCompany,research			Applicable			Deviations
anddevelopment(R&D),potentialacquisitions,export and						or
businesspromotion,working capital,capitalexpenditure,						Variations
exploringnewinitiativesandforothergeneralcorporate
purposes.
Deviationorvariationcouldmean:
(a)DeviationintheobjectsorJ)_LJ!Jl.OSesforwhichthefunds	havebeenraisedor
_(_b.2Deviationinthe amountoffundsactuallyutilizedasagainstwhatwasoriginallydisclosedor
(c)Change111tennsofacontractreferredtointhefundraisingdocument i.e.prospectus,letterofoffer,etc