Zen Technologies Ltd. — Interim / Quarterly Report 2021

Oct 30, 2021

ZEN TECHNOLOGIES LIMITED

Certified ISO 9001:2015, ISO 27001:2013, CMMI ML5 Regd. Office : B-42, Industrial Estate, Sanathnagar, Hyderabad - 500 018, Telangana, India. Phone: +914023813281/3294/2894/4894 Fax No: +914023813694 Email: info@zentechnologies.com Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939

Date: 30th October 2021

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Through: BSE Listing Centre Security Code: 533339

To 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

Dear Sir/Madam,

Sub: Outcome of the Board Meeting held on 30th October 2021.

Ref: Intimation under Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

This has reference to our letter dated 23rd October 2021 giving notice of the Board Meeting to consider and approve the unaudited financial results of the Company for the second quarter and half year ended 30th September 2021.

The Board at its meeting held today, i.e. Saturday, 30111 October 2021, inter alia, approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended 30th September 2021. In this regard, please find enclosed:

• a) Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30th September 2021;
• b) Limited Review Report in respect of the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30th September 2021.
• c) Statement of Deviation or Variation as per Regulation 32 of the Listing Regulation.

The meeting of Board of Directors was commenced at 12.00 Noon and concluded at O 1 :30 P.M.

The above information is also being made available on the website of the Company at https://www.zentechnologies.com/outcome-of-board-meetings.

This is for your kind information and records.

Thanking You.

Yours sincerely,

Works: Plot 36. Hardware Park, Near Shamshabad International Airport. Hyderabad - 501 510, Telangana, India

Independent Auditor's Review Report on Quarterly and Half year ended Unaudited Standalone Financial Results of Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

TO THE BOARD OF DIRECTORS OF ZEN TECHNOLOGIES LIMITED

We have reviewed the accompanying statement of unaudited Standalone financial ffesults of ZEN TECHNOLOGIES LIMITED (the "Company") for the quarter and six months)ended September 30, 2021 (the "Statement") attached herewith, being submitted by the company p4rfuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosu?e'-Requirements) Regulations, 2015, as amended.

This statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance 'wffh"he recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS,"14) "Interim Financial Reporting", prescribed under Section 133 of the Companies Act 2013 as amended, read with relevant rules issued thereunder and other accounting principles 'fe~ly accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Informati~rerformed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accou1fan7s' of lndia (ICAI). A review of interim financial information consists of making in~des, prim'arily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit cond~cted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. { .

Based on our review conducted as stated above, nothing has come to our attention that causes us to v believe that the accompanying statement, prepared in accordance with the aforesaid Indian Accounting Standards ("l~~S ') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, ,has not disclosed the information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner Tn which it is to be disclosed, or that it contains any material misstatement.

For Ramasamy Koteswara Rao and Co LLP

Chartered Accountants FRN.No. 010396S /S200084

~/

Murali Krishna Reddy Telluri Partner Membership No: 223022 UDIN: 2 l 223022AAAASK 1526

Place: Hyderabad Date: 30-10-2021

		B-42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India	M/s ZEN TECHNOLOGIES LIMITED CIN:L72200TG1993PLC015939
	Statement of Un-Audited Standalone financial results for the Quarter and Half Year Ended 30th September 2021
							(Rs. In lakhs)
S.No	Particulars	Quarter ended 30 Sept 2021	Ouarter ended 30 Jun 2021	Quarter ended 30 Sept 2020	Half Year ended 30 Sept 2021	Half Year ended 30 Sept 2020	Year ended 31 Mar 2021
	1 Income	Un-audited	Un-audited	Un-audited	Un-audited	Un-audited	Audited
	a) Revenue From Operations
	b) Other Income	1,625.17	913.15	1,061.85	2,538.32	1,478.09	4,957.03
	Total Income	96.45 1,721.62	73.81	70.94	170.26	140.16	291.48
			986.96	1,132.79	2,708.58	1,618.25	5,248.51
	2 Expenses
	a)Cost of Materials and Components consumed	189.83	185.83	60.91	375.65	74.52	753.62
	b)Changes in inventories of finished goods,
	work-in-progress and Stock-in-Trade	211.68	(141.20)	75.85	70.48	62.25	42.39
	c)Manufacturing Expenses	107.43	77.47	75.87	184.90	142.58	331.61
	d)Employee Benefits Expense e)Finance Costs	357.32	330.88	283.36	688.19	534.71	1,273.23
	f)Depreciation and Amortization Expense	21.80	14.20	48.43	36.00	59.22	99.56
	g)Other Expenses	91.95	99.22	99.69	191.17	200.83	399.15
	Total Expenses (a to g)	646.53	464.43	342.43	1,110.96	530.13	1,780.76
		1,626.54	1,030.82	986.54	2,657.35	1,604.23	4,680.31
	$3$ Profit / (Loss) before Tax (1-2) 4 Tax expense	95,08	(43.86)	146.25	51.23	14.02	568,20
	(i) Current tax	8.95			8.95		186.17
	(ii) Deferred tax	1.42	(9.68)	69.41	(8.26)	5.76	(27.66)
	Total Tax	10.37	(9.68)	69.41	0.69	5.76	158.51
	5 Net Profit /(Loss) for the period (3-4)	84.71	(34.18)	76.84
61	Other Comprehensive Income				50.54	8.26	409.69
	Items that will not be reclassified subsequently to statement of
	profit or loss		٠	ä,
	Income tax relating to items that will not be reclassified to profit				٠		13.18
	/ loss
	Total Other Comprehensive Income				٠		(3.67) 9.51
	7 Total Comprehensive Income for the year (5+6)	84.71	(34.18)	76.84	50.54	8.26	419.20
	8 Paid-up Equity Share Capital
	(Rs. 1/- per Equity Share)	795.10	795.10	795.10	795.10	795.10	795.10
	9 Earning per Share
	(Face Value of Rs. 1/- each)
	(a) Basic (In Rs.)
	(b) Diluted (In Rs.)	0.11 0.11	(0.04)	0.10	0.06	0.01	0.52
			(0.04)	0.10	0.06	0.01	0 5 2
	Weighted average equity shares used in computing earnings per 10 equity share
	Basic
	Diluted	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000
		79,510,000	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000

Notes to Standalone Un-Audited Financial Results for the Quarter & Half Year ended 30th Sept 2021.

• 1. The Financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified by the Companies (Indian Accounting Standard) rules 2015 as amended.
• 1. The aforementioned results have been reviewed & recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on so" Oct, 2021.
• 1. The figures for previous periods/ Year have been Recasted and Regrouped, wherever necessary.
• 1. The entire operations of the Company relate to only one segment viz., Training & Simulation. Hence segmental reporting as per Ind AS 108 is not made.
• 1. The value of the orders on hand as at so" October, 2021 is about Rs. 392.63 Crores.

Place: Hyderabad

Date: 301h October, 2021 Chairman and Managing Director

DIN: 00056050

	Mis ZEN TECHNOLOGIES LIMITED CIN:L 72200TG 1993PLC015939
B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India Un-Audited Standalone Balance Sheet as at 30th Sept 2021
	f Rdn lakhs)
		As at 30.09.21	As at 31.03.21
	Particulars	(Un Audited)
	I IASSETS		(Audited)
	Non-current assets
	(a) Property,Plant and Equipment	5,974.32	6,100.52
	(b) Capital work-in-progress	0.84
	(c) Right-of-use asset	91.72	93.23
	(d) Intangible assets	10.54	12.78
	( e) Financial assets
	(i) Investments	2,434.16	2,409.16
	(ii) Deposits	48.15	50.20
	(t) Deferred Tax Assets(Net)	2,063.94	2,055.67
	(g) Other non-current assets	59.07	32.07
	Total Non-Current Assets	10,682.74	10,753.64
	II I Current assets
	(a) Inventories	861.51	915.90
	(b) Financial assets
	(i) Trade receivables	2,201.90	1,739.25
	(ii) Cash and cash equivalents	412.98	1,502.49
	(iii) Bank balances other than (ii) above	4,089.57	1,826.00
	(iv) Other financial assets	4,990.30	5,132.29
	(c) Current Tax Assets (Net)	51.48	21.03
	( d) Other current assets Total Current Assets	963.56	471.19
	Total Assets (I + II)	13,571.29	11,608.15
		24,254.03	22,361.79
I	I EQUITY AND LIABILITIES
	Equity
	(a) Equity Share Capital	795.10
	(b) Other Equity	20,491.14	795.10
	Total Equity '	21,286.24	20,520.12 21,315.22
	II I Liabilities
	Non-current liabilities
	( a) Financial Liabilities
	(i) Borrowings	7.25	11.26
	(ii) Lease liabilities	8.97	8.59
	(b) Provisions	177.73	166.03
	Total Non-Current Liabilities	193.95	185.88
	Current liabilities
	(a) Financial Liabilities
	(i) Borrowings	33.61	73.33
	(ii) Trade payables
	Dues to micro enterprises and small enterprises	24.13	13.90
	Dues to creditors other than micro and small enterprises	227.07	234.84
	(iii) Other Financial liabilities	299.05	313.86
	(b) Other current liabilities	2,183.05	217.18
	(c) Current Tax Liabilities (Net) Total Current Liabilities	6.93	7.57
		_b.773.83	860.69
	Total Equity and Liabilities (I + II)	- 24,254.03 I	22,361.79

	Standalone Cashflow Statement			(Rs.in lakhs)
	Particulars	Half Year ended 30 September 2021	Half Year ended 30 September 2020	Year ended 31 March 2021
		IUn Audited)	(Un Audited)	(Audited)
I	Cash Flows from Operating Activities
	Net profit before tax	51.23	14.02	568.20
	Adjustments for :
	Depreciation and amortization expense	191.17	200.83	399.15
	Interest Income	(162.49)	(110.47)	(251.34)
	Finance Cost	36.00	59.22	99.56
	Operating profit before working capital changes	115.91	163.60	815.56
	Movements in Working Capital
	(lncrease)/Decrease in Trade Receivables	(462 65)	2,219.11 (2,854.50)	2,698.57 (2,571.04)
	(Increase)/Decrease in Other financial assets	151.99		119.39
	(lncrease)/Decrease in Inventories	54.39	29.02 755.85	788.21
	(Increase)/Decrease in Other Current Assets	(403.59)
	(lncrease)/Decrease in Other Non Current Assets	(27.00)	(33.95)	9.91
	lncrease/(Decrease) in Trade Payables	2.46	(317 91)	(26387)
	lncrease/(Decrease) in Other financial liabilities	(14.44)	321.15	73.27
	lncrease/(Decrease) in Other Current liabilities	1,965.87	71.50	(139.89) 22.45
	lncrease/(Decrease) in Provisions	11.71	(4.11) 349.76	1,552.56
	Cash generated from operations	t,394.65
	Taxes Paid Net Cash from operating activities	(40 04) t,354.60	(128 83) 220.93	(283.21) 1,269.35
	II Cash nows from Investing Activities	(62.07)	(3 I.44)	(163.05)
	Acquisition of property, plant and equipment and CW!P	(2500)	(76869)	(81889)
	Investment in Subsidiary companies	154.54	110.47	234.50
	Interest received	(2,263.56)	(276.18)	(1,076.93)
	(lncrease)/Decrease in Other Bank Balances Advance for Fixed Assets		-	61.59
	Net Cash From/ (Used In) Investing Activities	(2,196.09)	(965.84)	(1,762.78)
	Ill Cash nows from Financing Activities
	Repayment of Long term borrowings	(3.67)	(3.37)	(7.52)
	Dividend paid	(79.51)	(318.04)	(318.04)
	Finance costs paid	(124.77)	(48 29)	(46.55)
	Amount received towards share warrants		1,339.46	1,339.46
	Net Cash From/ (Used In) Financing Activities	(207.95)	969.76	967.35
	Net lncrease/(Decrease) in cash and cash equivalents	(1,049.44)	224.85	473.92
	Cash and Cash equivalents at the beginning of the year	1,436.67	962.75	962.75
	Cash and Cash equivalents at the end of the year	387.23	1,187.60	1,436.67

Zen Technologies Limited B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India CIN: L 72200TG 1993PLC015939

Cash and Cash Equivalents include following for the Cash flow purpose

Pa rticu la rs	Half Vear endcd30 September 2021	Half Vear endcd30 September 2020	Year ended3l March 2021
Cash and Cash Equivalents/ Bank Balances	412.98	1,236.95	1,502.49
Less: OD/CC accounts forming part of Cash & Cash Equivalents	25.75	49.35	65.81
Cash and Cash Equivalents/ Bank Balances	387.23	1,187.60	1,436.68

Independent Auditor's Review Report on Quarterly and Half year ended Unaudited Consolidated Financial Results of Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

TO THE BOARD OF DIRECTORS OF ZEN TECHNOLOGIES LIMITED

We have reviewed the accompanying statement of Unaudited Consolidated Financial Results of ZEN TECHNOLOGIES LIMITED (the "Parent") and its subsidiaries (the Parentxand its subsidiaries together referred to as "the Group") for the quarter and six months ended Septernbeg.Itl, 2021 (the "Statement") attached herewith, being submitted by the parent pursuant tot ti~~ requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure ¥)quirements) Regulations,2015,as amended. -

This statement, which is the responsibility of the Parent's Management,-a12_<!;approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34,Jind AS 34) "Interim Financial Reporting", Prescribed under section 133 of the Companies Act 2013\i?al)lended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial lnformatidn Per(ormed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accoun~n?s of India (ICAJ). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit cond&lfed in accordance with Standards on Auditing and consequently does not enable us to obiain assurance that we would become aware of all significant matters that might be identified in an aud~Accordingly, we do not express an audit opinion.

The statement includes the results1o~the following entities:

• 1. Zen Technologies INC, USA, 'wholly-Owned Subsidiary
• 1. Unistring Tech Solpti'ons Private Limited, Subsidiary
• 1. Zen Medical Technolo\Les Private Limited, Wholly-Owned Subsidiary

We did not r,e~ew~he interim financial information in respect of three subsidiaries included in the unaudited consol~attd financial results, whose interim financial reflect total assets of Rs.1853.03 Lakhs as a4,September 30, 2021, total revenues of Rs.48.18 Lakhs and Rs. 130.68 lakhs for the quarter and sJx months ended September 30, 2021 respectively, total net loss after tax of Rs 144.48 and Rs.mo.99 ,,, Lakhs for the quarter and six months ended September 30, 2021 respectively and total comprehensive loss of Rs.147.95 lakhs and Rs.257.53 lakhs for the quarter and six months ended September 30, 2021 respectively as considered in the statement. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the management and our conclusion on the statement, in so far it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and management and procedures performed by us as stated in above paragraph.

SRI RAMCHANDRAARCADE, D.No.8-2-293/82/Jlll/573/M/ 1st Floor, Road No.82, Jubilee Hills, Hyderabad - 500096. Ph: 23394982/85, E-mail: rkandco@gmail.com, Website : www.rkandco.in

Our opinion on the statement is not modified in respect of the above matter with respect to our reliance on the work done and the reports of the other auditors.

Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the aforesaid Indian Accounting Standards ("Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Ramasamy Koteswara Rao and Co,.L).P

Charte\ed ¢ccountants FRN.No. 010396SVS200084

Date: 30-10-2021 M~""urali Krishna Reddy Telluri Partner Membership No: 223022 UDIN: 21223022AAAASL1081

Place: Hyderabad

		B -42 Industrial Eslale, Sanalhnagar Hyderabad - 500 018, Telangana, India	Zen Technologies Limited
	Statement of Un-Audited Consolidated financial results fer the Quarter and Half Year Ended 30th September 2021		CIN:L72200TGI993PLCOI5939
							(Rs. In lnkhs)
S No	Particulars	Quarter ended 30 Sept 202 I	Quarter ended 30 June 2021	Quarter ended 30 Sept 2020	30 Sept 2021	Half Year ended Half Year ended 30 Sept 2020	Year ended 31 March 2021
		Un-audited	Un-audited	Un-audited	Un-audited	Un-audited	Audited
	1 Income a) Revenue from Operations
	b) Other Income	1,575.42 96.95	996.23 74 95	1235.35	2,571.65	1,651.59	5,463.96
	Total Income	1,672.37	1,071.18	71.06 1,306.41	171.90 2,743.SS	140.32	302.18
	2 Expenses					1,791.91	S,766.14
	a) Cost of materials Consumed b) Changes in inventories of finished goods,	255.00	257. 77	146.61	512.77	254.28	1,021.64
	work-in-progress and Stock-in-Trade c) Manufacturing Expenses	73.87	( 163.41)	35.17	(89.54)	(72.06)	(141.25)
	(d) Employee benefits expense	94.38	90.52	106.98	184.90	155.15	417.19
	(e) Finance costs	488.93 27.21	429.94 15.67	369.02	918.87	703.32	1,559.93
	(f) Depreciation and amortization expense	117.81	125.2	50.24 121.79	42.88 243.01	63.01 246.11	109.15
	(g) Other expenses	678.59	482.61	314.49	1,161.20	517.54	495.22 1,868.13
	Total Expenses (a tog)	1,735.79	1,238.29	1,144.30	2,974.09	1,867.34	5,330.01
	3 Profit/(Loss) Before Tax (1-2)	(63.42)	(167.11)	162.10	(230.54)	(75.43)	436.13
	4 Tax expenses
	- Income Tax - Deferred Tax	8.95			8.95		186.17
		1.45	(9.68)	69.63	(8.23)	5.76	(27.41)
	5 Net Profit for the period (3-4)	(73.82)	(157.43)	92.47	(231.27)	(81.19)	277.37
	Attributable lo:
	Shareholders of the Company	(1.55)	(113.61)	78.05	(115.16)
	Non Controlling interest	(72.29)	(43.82)	14.42	(116.11)	(55.59) (25.60)	311.14 (33.77)
	6 Other comprehensive income
	a) (i) Hems Iha! will not be reclassified lo profit or loss			26.55
	(ii) Income tax relating to items that will not be reclassified					26.55	13.18
	to profit or loss			-		-	(3.67)
	b) (i) Hems that will be reclassified to profit or loss	(0.75)	(9.79)	-	(10.54)	-	(16.84)
	(ii) Income lax relating to items Iha! will be reclassified to
	profit or loss	0.21	2.72	-	2.93
						-	4.69
	Total other comprehensive income/(loss) net of tax	(0.54)	(7.07)	26.55	(7.61)	26.55	(2.64)
	7 Total Comprehensive income (5+6)	(74.36)	(164.50)	119.02	(238.88)	(54.64)	274.72
	Attributable to:
	Shareholders of the Company	(2.08)
	Non Controlling interest	(72.29)	(120.68) (43.82)	104.60 14.42	(122.76) (116.11)	(29.04) (25.60)	308.49
							(33.77)
	8 Paid-up Equity Share Capital (Rs. I/- per Equity Share)	795.10	795.10	795.10	795.10	795.10	795.10
	9 Earnings per share
	(Face Value of Rs. I/- each)
	(a) Basic (In Rs.)	(0.00)	(0.14)	0.10	(0.14)	(0.07)	0.39
	(b) Diluted (In Rs)	(0.00)	(0.14)	0.10	(0.14)	(0.07)	0.39
	Weighted average equity shares used in computing earnings 10 per equity share
	Basic	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000
	Diluted	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000	79,510,000

Notes to Consolidated Un-Audited Financial Results for the Quarter & Half Year ended 30th Sept 2021.

• 1. The Financial results of the company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified by the Companies (Indian Accounting Standard) rules 2015 as amended.
• 1. The aforementioned results have been reviewed & recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 30th Oct, 2021.
• 1. The figures for previous periods/ Year have been Recasted and Regrouped, wherever necessary.
• 1. The Group's operations predominantly consist of Training & Simulation. The Group's Chief Operating decision Maker (CCDM) review the operations of the Group as a single reportable segment and operations from other than Training & Simulation does not qualify as a reportable segment as these operations are not material. Hence there are no reportable segments under Ind AS 108.
• 1. The value of the orders on hand as at 301h October, 2021 is about Rs.392.63 Crores.

Place : Hyderabad

Date: 301h October, 2021 Chairman and Managing Director

DIN:00056050

B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India	CIN:L 72200TG1993PLC015939
Consolidated Balance Sheet as at 30th September 2021
S.No		( Rs.in lakhs)
Particulars	As at 30.09.21	As at 31.03.21
I	Unaudited	(Audited)
I ASSETS
Non-current assets
(a) Property plant and Equipment	6,040.63	6,171.78
(b) Capital work-in-progress	0.84
(c) Right-of-use asset	91.72	93.23
(d) Goodwill ( e) Intangible assets	115.80	115.80
(t) Financial assets	539.61	576.66
(i) Investments
(ii) Deposits	224.22	224.22
(g) Deferred Tax Assets (Net)	48.25	50.20
(h) Other non-current assets	2,067.97	2,056.79
	69.17	32.05
Total Non-Current Assets	9,198.21	9,320.73
II I Current assets
(a) Inventories	1,574.22 1	l,468.59
(b) Financial assets	I
(i) Trade receivables	2,460.46	1,860.45
(ii) Cash and cash equivalent	l,049.92	2,154.40
(iii) Bank balances other than (ii) above	4,191.58	1,873.86
(iv) Other financial assets	4,990.30	5,135.10
( c) Current Tax Assets (Net)	51.48	21.03
( d) Other current assets	724.96	497.68
Total Current Assets Total Assets (I+ II)	15,042.92	13,011.11
	24,241.13	22,331.84
I EQUITY AND LIABILITIES I
Equity
(a) Equity Share Capital	795.10	795.10
(b) Other Equity	19,455.16	19,645.26
(c) Non-controlling interests	509.25	625.36
Total Equity	20,759.51	211065.72
II I Liabilities
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings	131.59	119.68
(ii) Lease Liabilities (b) Provisions	8.97	8.59
(c) Deferred Tax Liability	l 77. 73	166.03
Total Non Current Liabilities	0.11 318.40	0.09
Current liabilities		294.38
(a) Financial Liabilities
(i) Borrowings	90.82	68.13
(ii)Trade payables
Dues to micro enterprises and small enterprises	24.13	13.90
Dues to creditors other than micro and small enterprises	297.89	305.59
(iii) Other Financial liabilities	344.46	354.26
(b) Other current liabilities	2,398.99	226.97
(c) Current Tax Liabilities (Net)	6.93	2.89
Total Current Liabilities	3,163.22	971.74
Total Equity and Liabilities (I+ II)	24,241.I3	22,331.84

Zen Technologies Limited B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India CIN:L72200TGI993PLCOI5939

Consolidated Cashflow Statement
Particulars	Half Year ended 30 September 2021	Half Year ended 30 September 2020	Year ended 31 March 2021
	(Un Audited)	(Un Audited)	(Audited)
I Cash Flows from Operating Activities
Net profit before tax	(230.54)	(75.43)	436.13
Adjustments for:
Depreciation and amortization expense	243 01	246.11	495.22
Interest Income	(163.90)	(110.61)	(254.05)
Finance Cost	37.94	62.40	105.43
Foreign Exchange Fluctuation	2.24	( 18.59)	42.00
Operating profit before working capital changes	(111.26)	103.88	824.74
Movements in Working Capital
(lncrease)/Decrease in Trade Receivables	(599.75)	2,605.40	3,010.74
(lncrease)/Decrease in Other financial assets	151.99	(3,623.19)	(3,339.73)
(lncrease)/Decrease in Inventories	(105.63)	( I 05.29)	(64.25)
(lncrease)/Decrease in Other Current Assets	( 139.37)	739.48	908.69
(lncrease)/Decrease in Other Non Current Assets	(27.00)	(33.95)	9.91
Increase/(Decrease) in Trade Payables	495.63	(386.89)	(354.82)
lncrease/(Decrease) in Other financial liabilities	(31.87)	278.33	21.75
Increase/(Decrease) in Other Current liabilities lncrease/(Decrease) in Provisions	1,677.07	98.73	(14858)
	18.32	(4.12)	4.58
Cash generated from operations	1,328.14	(327.62)	873.02
Taxes Paid	(43.15)	(128.83)	(283.21)
Net Cash from operating activities	1,284.99	(456.45)	589.81
II Cash nows from Investing Activities
Purchase of Fixed Assets (Including CWIP)	(70.10)	(47.36)	(198.40)
Interest Income	155.95	110.61	254.05
(lncrease)/Decrease in Other Bank Balances	(2,321.14)	(276.18)	(1,093.77)
Advance for Fixed Assets	-	-	61.59
Net Cash From/ (Used In) Investing Activities	(2,235.29)	(212.93)	(976.54)
IIJ Cash nows from Financing Activities
Proceeds/(Repayment) from Borrowings	1431	31.17	(17.53)
Dividend paid	(79.51)	(318.04)	(318.04)
Finance Cost	(126.71)	(62.40)	(105.43)
Proceeds from Share Capital issued during the year	-	0.20	-
Amount received towards share warrants	-	1,339.46	1,339.46
Net Cash From/ (Used In) Financing Activities	(191.91)	990.39	898.46
in cash and cash equivalents Net Increase/(Decrease)	(1,142.21)	321.01	511.73
Cash and Cash equivalents at the beginning of the vear	2,092.87	1,581.14	1,581.14
Cash and Cash equivalents at the ending of the year	950.67	1,902.15	2,092.87

Cash and Cash Equivalents include the following for Cash now purpose

Particulars	Half Year ended30 September 2021	Half Year ended30 September 2020	Year endedJI March 2021
Cash and Cash Equivalents/ Bank Balances Less: Change in OD/CC accounts forming part of Cash & Cash	1,049.92	l,951.50	2,154.40
Equivalents	99.24	49.35	61.52
Cash and Cash Equivalents/ Bank Balances	950.68	1,902.15	2,092.88

Statement of Deviation I Variation in utilisation of funds raised
Name of listed entity	I Zen Technologies Limited
Mode of Fund Raising	Preferential Issue of
	convertible warrants
Date of Raising Funds	I.04/02/2019 - Date of
	allotment of warrants &
	2. 03/09/2020 - Date of
	allotment of equity shares
	upon conversion of
	warrants
Amount Raised fin Rs.)"	l 7,85,9\440
Report filed for Quarter ended	September 30, 202 l
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable	Not Applicable
Is there a Deviation I Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms ofa I Not Applicable
contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation I Variation	Not Applicable
Comments of the Audit Committee after review	None
Comments of the auditors, if any	None

Objects for which funds have been raised and where there has been a deviation, in the following table Original Object	Modified Object, if any	Original Allocation (in Rs.)	II a ocanon, if I any	Modified IF d U ·1· d (" ID n/V Rs.)	Amount of un s ti rse in eviano ariatton ,or ' the quarter according to applicable object	Remarks if any
The proceeds of the preferential issue will be utilized towards research and development (R&D), potential acquisitions, export promotion, working capital, capital expenditure and general corporate	Not Applicable	17,85,95,440INot	Applicable	4,46,48,8601None I		No Deviations or Variations
I PUl]).05eS. *Out of the total amount raised, 25% of the amount i.e., Rs. 4,46,48,860/- bas been received by the company towards warrant subscription at the time of allotment of warrants. Further, the balance 75% of the amount i.e., Rs. 13,39,46,580/- has been received at the time of allotment of equity shares upon conversion of warrants.
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

(c) Change in terms ofa contract referred to in the fund raising document i.e. prospectu~ letter of offer, etc

Note: Unutilised amounts of the issue as at 30th September 2021 have been tem£orarily deployed in fixed deposit with Scheduled Banks.

DIN: 00056050

Date - 30th October 202 l Place - Hyderabad