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Zen Technologies Ltd. — Capital/Financing Update 2023
May 25, 2023
60795_rns_2023-05-25_c8834eca-416b-4ec2-8187-d0b6170ea442.pdf
Capital/Financing Update
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Date: May 25, 2023
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: Press Release - Allotment of Equity Shares --o0o--
Please find attached Press Release relating to Allotment of Equity Shares on Conversion of Compulsory Convertible Debentures and Convertible Warrants.
The above information is also available on the website of the Company: https://www.zentechnologies.com/press-releases
Kindly take the same on record and acknowledge the receipt.
Thanking you, Yours faithfully, For Zen Technologies Limited
Movva Digitally signed by Movva Raghavendra Raghavendra Prasad Date: 2023.05.25 12:30:35 Prasad +05'30'
M. Raghavendra Prasad Company Secretary and Compliance Officer M. no. A41798
Encl: as above
PRESS & MEDIA RELEASE
Hyderabad, May 25, 2023
Allotment of Equity Shares on Conversion of CCDs and Convertible Warrants
In accordance with the resolution passed by the shareholders of the Company, and pursuant to the in-principle approval granted by the BSE and NSE on November 11, 2021 the Board of Directors, vide circular resolutions dated May 24, 2023, has approved the following:
The allotment of 40,64,627 equity shares of ₹ 1/- each on conversion of compulsorily convertible debentures (CCDs) to the holders of CCDs belonging to "Public Category” as detailed below:
| Sr. No. Name of the Allottee Number of Equity Shares Allotted 1. University of Notre Dame DU LAC 14,05,080 2. Mukul Mahavir Agrawal 11,26,765 3. Chanakya Corporate Services Private Limited 93,900 4. The Ram Fund LP 4,52,330 5. GP Emerging Market Strategies LP 4,05,440 6. Pragma Fund SPC - Equities Segregated Portfolio 2,29,652 7. Massachusetts Institute of Technology 1,63,660 8. Jateen V Tanna 93,900 9. Emerge Capital Opportunities Scheme 93,900 Total 40,64,627 |
Sr. No. Name of the Allottee Number of Equity Shares Allotted 1. University of Notre Dame DU LAC 14,05,080 2. Mukul Mahavir Agrawal 11,26,765 3. Chanakya Corporate Services Private Limited 93,900 4. The Ram Fund LP 4,52,330 5. GP Emerging Market Strategies LP 4,05,440 6. Pragma Fund SPC - Equities Segregated Portfolio 2,29,652 7. Massachusetts Institute of Technology 1,63,660 8. Jateen V Tanna 93,900 9. Emerge Capital Opportunities Scheme 93,900 Total 40,64,627 |
Sr. No. Name of the Allottee Number of Equity Shares Allotted 1. University of Notre Dame DU LAC 14,05,080 2. Mukul Mahavir Agrawal 11,26,765 3. Chanakya Corporate Services Private Limited 93,900 4. The Ram Fund LP 4,52,330 5. GP Emerging Market Strategies LP 4,05,440 6. Pragma Fund SPC - Equities Segregated Portfolio 2,29,652 7. Massachusetts Institute of Technology 1,63,660 8. Jateen V Tanna 93,900 9. Emerge Capital Opportunities Scheme 93,900 Total 40,64,627 |
|
|---|---|---|---|
| 1. | University of Notre Dame DU LAC | 14,05,080 | |
| 2. | Mukul Mahavir Agrawal | 11,26,765 | |
| 3. | Chanakya Corporate Services Private Limited | 93,900 | |
| 4. | The Ram Fund LP | 4,52,330 | |
| 5. | GP Emerging Market Strategies LP | 4,05,440 | |
| 6. | Pragma Fund SPC - Equities Segregated Portfolio | 2,29,652 | |
| 7. | Massachusetts Institute of Technology | 1,63,660 | |
| 8. | Jateen V Tanna | 93,900 | |
| 9. | Emerge Capital Opportunities Scheme | 93,900 | |
| Total | 40,64,627 | ||
The allotment of 4,69,633 equity shares on conversion of convertible warrants to the holders of warrants belonging to “Promoter Category” as detailed below:
| Sr. No. Name of the Allottee Number of Equity Shares Allotted 1. Ashok Atluri 2,34,883 2. Kishore Dutt Atluri 2,34,750 Total 4,69,633 |
Sr. No. Name of the Allottee Number of Equity Shares Allotted 1. Ashok Atluri 2,34,883 2. Kishore Dutt Atluri 2,34,750 Total 4,69,633 |
Sr. No. Name of the Allottee Number of Equity Shares Allotted 1. Ashok Atluri 2,34,883 2. Kishore Dutt Atluri 2,34,750 Total 4,69,633 |
|
|---|---|---|---|
| 1. | Ashok Atluri | 2,34,883 | |
| 2. | Kishore Dutt Atluri | 2,34,750 | |
| Total | 4,69,633 | ||
The allotted equity shares will be credited to the respective allottees' demat accounts within the stipulated timeframe, in accordance with the applicable regulations.
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PRESS & MEDIA RELEASE
Mr Ashok Atluri, Chairman and Manging Director, expressed his gratitude with the successful conversion of CCDs and convertible warrants, stating,
“Over the past year, we have diligently utilised the capital received to fuel our ambitious growth plans, invest in research and development, strengthen our presence in the export markets, and capitalize on emerging opportunities within the domestic market.
We are delighted to have renowned names on our shareholding, including Massachusetts Institute of Technology, University of Notre Dame DU LAC, GP Emerging Markets Strategies LP, The Ram Fund LP, Pragma Fund SPC - Equities Segregated Portfolio, Mukul Mahavir Agrawal, Jateen V Tanna, Emerge Capital Opportunities Scheme, and Chanakya Corporate Services Private Limited. It is a privilege to have such esteemed entities share our vision of creating long-term value, and we sincerely appreciate their confidence in Zen Technologies.
I extend my heartfelt gratitude to the allottees for their unwavering support. This conversion to equity shares further strengthens our balance sheet as we look forward to pursuing our growth objectives with greater vigour.“
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 109 patents and shipped more than 1,000 training systems around the world.
Contact Us
Afzal Malkani Chief Financial Officer Zen Technologies Limited [email protected]
Diwakar Pingle Abhishek Mehra Investor Relations Advisor Investor Relations Advisor Ernst & Young TIL Advisors Private Limited [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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