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Zen Technologies Ltd. — Capital/Financing Update 2023
Sep 26, 2023
60795_rns_2023-09-26_abf5a924-ee03-458e-a56f-c9228a76c7a2.pdf
Capital/Financing Update
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Date: September 26, 2023
To To Listing Department Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400001 Through: NEAPS Through: BSE Listing Centre Symbol/Security ID: ZENTEC Security Code: 533339
Dear Sir/Madam,
Sub: Press Release
Please find attached the press release titled “ZEN TECHNOLOGIES LIMITED SECURES ORDER FROM MINISTRY OF DEFENCE”
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
Movva Digitally signed by Movva Raghavendra Prasad Raghavendra Date: 2023.09.26 09:37:57 Prasad +05'30'
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M. Raghavendra Prasad
Company Secretary and Compliance Officer M.no. A41798
Encl: as above
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PRESS & MEDIA RELEASE
HYDERABAD, SEPTEMBER 26, 2023
ADDITIONAL DETAILS ON THE ORDER WIN FROM MINISTRY OF DEFENCE.
In continuation to our intimation submitted to the stock exchanges on 22 September 2023, Zen Technologies Limited, a leading provider of military training and counter-drone solutions, is pleased to provide further details on landmark order win, received on September 22, 2023, from the Ministry of Defence, Government of India. Valued at approximately ₹227.65 crores, inclusive of GST, the domestic order is for the supply of Anti-Drone systems. Zen was the resultant single vendor for this Anti-Drone systems order. Built into the contract is Comprehensive Maintenance Contract (CMC) post-warranty, at a cost of ₹43.22 crores, inclusive of GST. This significant development reinforces Zen Technologies' market position as a go-to company for Indian IP owned Anti-drone systems. We are committed to execute our cumulative order book for equipment over the next 18 months. We anticipate receiving substantial orders in the coming months.
The break-up of the order book is as follows:
| The break-up of the order book is as follows: | (IN ₹ CRORES, EXCLUDING GST) |
|---|---|
| PRODUCT CATEGORY | TOTAL |
| Training Simulators (including service and AMC) | 819.21 |
| Counter Drone System (including service and AMC) | 648.11 |
| Total | 1,467.32 |
About Zen Technologies Limited
Zen Technologies Limited is a renowned industry leader with over three decades of expertise in delivering cutting-edge military training and Counter-Drone solutions. The company specialises in manufacturing state-of-the-art land-based military training simulators, driving simulators, live range equipment, and counter-drone systems. With a dedicated Research and Development (R&D) facility in Hyderabad, recognized by the Ministry of Science and Technology, Government of India, Zen Technologies has demonstrated its commitment to innovation. The company has filed for over 130 patents, of which over 50 have been granted and has successfully shipped more than 1,000 training systems worldwide.
Contact Us
Afzal Malkani Chief Financial Officer Zen Technologies Limited [email protected]
Abhishek Mehra Diwakar Pingle Investor Relations Advisor Investor Relations Advisor TIL Advisors Private Limited Ernst & Young LLP [email protected] [email protected]
Safe Harbour
This document which have been prepared by Zen Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.
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 world-wide, 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. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
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