Zen Technologies Ltd. — Capital/Financing Update 2024

Jul 28, 2024

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Date: July 28, 2024

To Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Through: NEAPS Symbol/Security ID: ZENTEC

To Dept. of Corp. Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Through: BSE Listing Centre Security Code: 533339

Dear Sir/Madam,

Sub: 4[th] Grant of Employee Stock Options (ESOPs) Under “Zen Technologies Limited Employee Stock Option Plan – 2021 (“the Scheme”)”. Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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We wish to inform that, the Nomination and Remuneration Committee of the Board of Directors of the Company, at its meeting held today (i.e., July 28, 2024), has, inter alia, granted 10,500 (Ten thousand and five hundred only) Employee Stock Options (ESOPs) convertible into equal no. of equity shares of face value of Re. 1/- each under the “Zen Technologies Limited Employee Stock Option Plan – 2021”.

The grant of the above stock options is in line with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 as amended from time to time. The Disclosure as required under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure ‘A’.

This intimation is also made available on the Company’s website at the below link: https://www.zentechnologies.com/corporate-announcements

Kindly take the same on record and acknowledge the receipt.

Thanking you. Yours faithfully, For Zen Technologies Limited MOVVA Digitally signed by MOVVA RAGHAVENDRA PRASAD RAGHAVENDRA Date: 2024.07.28 15:13:18 PRASAD +05'30'

M. Raghavendra Prasad Company Secretary and Compliance Officer M.no.: A41798

Ecnl: as above

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Annexure ‘A’

		Annexure ‘A’
S. No	Particulars	Remarks
1	Brief details of options granted	10,500 (Ten thousand and five hundreds only) Employee Stock Options (ESOPs) granted to the eligible employees of the Company under the scheme.
2	Whether the scheme is in terms of SEBI (Share Based Employee Benefits and SweatEquity)Regulations,2021	Yes
3	Total number of shares covered by these options	10,500 (Ten thousand and five hundreds only)of Re. 1/- eachof the Company.
4	Pricing formula/Exercise Price;;	The said options are being granted at ₹ 500/- (Rupees Five hundred Only) per option. The said price is more than the face value of equity shares of the company and less than the prevailing Market Price as on date ofthe grant.
5	Options vested;	Not applicable Options will start vesting after a period of one year from the date of grants
6	Time within which option may be exercised;	Options shall be exercised within 2 years from the date of therespective vesting ofperiod.
7	Options exercised	Not applicable
8	MoneyRealized by exercise ofoptions	Not applicable
9	The total number of shares arising as a resultofexercise ofoption	Not applicable
10	Optionslapsed	Notapplicable
11	Variationof terms ofoptions	Not Applicable
12	Brief details of significant terms;	Zen Technologies Limited Employee Stock Option Plan – 2021 is administered and implemented by Nomination and Remuneration Committee through Zen Technologies Limited Employees Welfare Trust in accordance with the Scheme. The grant of options is based on the eligibility criteria as mentioned in the Scheme. Other significant terms of the scheme are as follows:  Acceptance of the Grant: Within 30 days from the date of issuance of Grant Letter.  Minimum Vesting Period: 01 (one) Year From the date of Grants.  In the present case, the Options granted under the Scheme shall vest over a maximum period of 1 (one) year.  The Shares arising out of Exercise of Vested Options shall not beLocked-in.
13	Subsequent changes or cancellation or exercise ofsuchoptions.	Not Applicable
14	Diluted earnings per share pursuant to issue of equity shares on exercise of options.	Not Applicable

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