Zen Technologies Ltd. — Capital/Financing Update 2025

Jun 22, 2025

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June 22, 2025

To

Listing Department

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

To

Dept. of Corp. Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Symbol: ZENTEC

Scrip Code: 533339

Dear Sir/Madam,

Sub: Press Release

Please find attached press release on the strategic acquisition of majority stake in TISA Aerospace Private Limited.

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 faithfully,

For Zen Technologies Limited

SOURAV Digitally signed by SOURAV DHAR DHAR Date: 2025.06.22 13:11:21 +05'30' Sourav Dhar Company Secretary & Compliance Officer

Encl: as above

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PRESS & MEDIA RELEASE

Zen Technologies Limited Announces Strategic Acquisition of Majority Stake in TISA Aerospace Private Limited

Hyderabad, India – June 22, 2025: Zen Technologies Limited announces the approval of the acquisition of a majority stake in TISA Aerospace Private Limited (“TISA”), an emerging defence technology company specializing in indigenously developed loitering munitions and unmanned aerial vehicles (UAVs). The Board of Directors has unanimously approved the acquisition, which will be executed through a combination of share purchase from existing shareholders of TISA and acquisition of compulsorily convertible debentures (CCDs) from existing holder issued by TISA.

This investment represents a focused entry into the high-growth domain of loitering munitions and the ecosystem around it — a rapidly evolving category of precision-guided weaponry that has demonstrated significant operational relevance in modern warfare.

Commenting on the acquisition, Mr. Ashok Atluri, Chairman and Managing Director of Zen Technologies Limited, said

“This acquisition is a decisive step towards strengthening Zen’s position in the rapidly evolving defence drone sector. TISA’s expertise in loitering munitions provides us with immediate access to advanced technologies and platforms that align with the emerging operational requirements of the Armed Forces.

TISA has achieved significant R&D milestones, including the successful execution of a project for DRDO with critical design assistance from IIT Madras. By integrating these capabilities with our existing strengths in anti-drone systems and propulsion technologies, we are building a broader and more future-ready defence portfolio.

This move is well-aligned with India’s urgent need for self-reliance in defence capabilities, particularly in drones and loitering munitions. We see strong potential in product integration across platforms, enabling us to scale faster and compete more effectively in both domestic and global markets.”

About TISA Aerospace Private Limited:

Founded in December 2020, TISA Aerospace is dedicated to the design, development, and manufacture of advanced loitering munitions and UAVs tailored for defence applications. The company has successfully delivered loitering munitions meeting DRDO specifications and is developing new variants for the Indian Army. TISA’s vision is to become a global leader in the loitering munitions market with a strong “Made in India” focus.

About Zen Technologies Limited:

Zen Technologies Limited is a pioneer and leader in providing world class state-of-the-art Defence Training and Anti-Drone solutions and has a proven track record in building training systems for imparting defense training and measuring combat readiness of security forces. 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 172+ patents and shipped more than 1,000 training systems around the world. For further information, please visit: www.zentechnologies.com

Contact Us

Afzal Malkani

Chief Financial Officer Zen Technologies Limited investors@zentechnologies.com

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PRESS & MEDIA RELEASE

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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