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 oflndia 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 Jetter 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, so" 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 301h 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 01 :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.

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 (.<rsflts of ZEN TECHNOLOGIES LIMITED (the "Compa~y'') f~r the q~arter and six months \;JPed September 30, 2021 (the "Statement") attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclostt,~%,,Requirements) Regulations, 2015, as amended.

This statement, which is the responsibility of the Company's Manage;tn~t and approved by the Company's Board of Directors, has been prepared in accordance wltfi111!:the recognition and ., measurement principles laid down in Indian Accounting Standard 34, (Ind ASt'34) "Interim Financial Reporting", prescribed under Section 133 of the Companies Act 2013 as amended, read with relevant rules issued thereunder and other accounting principles len~4~1Jy accepted in India. Our responsibility is to express a conclusion on the Statement based o~~'t''review.

We conducted our review of the Statement in accordgpce with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Informati6(J,i:;,{9rmed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountant~ of India (ICAI). A review of interim financial i_nformation con_sists of making ini~e .. s .. ·.'.·.·,.,,.·.,.prim~fir_ily of the Compa~y's personnel respons(ble for financial and accounting matters, and applY\ng analytical and other review procedures. A review is substantially less in scope than an audit cond~tted 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 ~P,!!!t(I audit. Accordingly, we do not express an audit opinion.

Based on our review conducted as s~t\d above, nothing has come to our attention that causes us to believe that the accornjtqnying statement, prepared in accordance with the aforesaid Indian Accounting Standards ("l~l;;,,AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevan(11rules 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 (List:fig,,,pbligations and Disclosure Requirements) Regulations, 2015, as amended, includingjhe manner 'ill 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 223022AAAASK1526

Place: Hyderabad Date: 30-10-2021

			M/s ZEN TECHNOLOGIES LIMITED B-42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India
			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	1,625.17	913.15
	b) Other Income	96.45	73.81	1,061.85	2,538.32	1,478.09	4,957.03
	Total Income	1,721.62	986.96	70.94 1,132.79	170.26	140.16	291.48
2 1	Expenses				2,708.58	1,618.25	5,248.51
	a)Cost of Materials and Components consumed
	b)Changes in inventories of finished goods,	189.83	185.83	60.91	375.65	74.52	753.62
	work-in-progress and Stock-in-Trade
	c)Manufacturing Expenses	211.68	(141.20)	75.85	70.48	62.25	42.39
	d)Employee Benefits Expense	107.43	77.47	75.87	184.90	142.58	331.61
	e)Finance Costs	357.32 21.80	330.88	283.36	688.19	534.71	1,273.23
	f)Depreciation and Amortization Expense	91.95	14.20 99.22	48.43	36.00	59.22	99.56
	g)Other Expenses	646.53	464.43	99.69 342.43	191.17	200.83	399.15
	Total Expenses (a to g)	1,626.54	1,030.82	986.54	1,110.96 2,657.35	530.13	1,780.76
	3 Profit / (Loss) before Tax (1-2)	95,08				1,604.23	4,680.31
$\boldsymbol{4}$	Tax expense		(43.86)	146.25	51.23	14.02	568,20
	$(i)$ Current tax	8.95			8.95
	(ii) Deferred tax	1.42	(9.68)	69.41			186.17
	Total Tax	10.37	(9.68)	69.41	(8.26) 0.69	5.76	(27.66)
	5 Net Profit /(Loss) for the period (3-4)					5.76	158.51
	Other Comprehensive Income	84.71	(34.18)	76.84	50.54	8.26	409.69
	Items that will not be reclassified subsequently to statement of profit or loss
	Income tax relating to items that will not be reclassified to profit / loss			٠	٠		13.18
	Total Other Comprehensive Income						(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 $Rs.$ )	0.11	(0.04)	0.10	0.06	0.01
	(b) Diluted (In Rs.)	0.11	(0.04)	0.10	0.06	0.01	0.52 0.52
	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 24th July, 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 301h October, 2021 is about Rs. 392.63 Crores.

Place : Hyderabad Date: so" Oct 2021

DIN: 00056050

	Mis ZEN TECHNOLOGIES LIMITED CIN: L 72200TG I 993PLC015939 B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India
	Un-Audited Standalone Balance Sheet as at 30th Sept 2021
			{ R• in lakhs)
	Particulars	As at 30.09.21	As at 31.03.21
		(Un Audited)	(Audited)
I	IASSETS
	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 ( d) Intangible assets	91.72	93.23
	(e) Financial assets	10.54	12.78
	(i) Investments
	(ii) Deposits	2,434.16	2,409.16
	(f) Deferred Tax Assets(Net)	48.15	50.20
	(g) Other non-current assets	2,063.94	2,055.67
	Total Non-Current Assets	59.07	32.07
	II I Current assets	10,682.74	10,753.64
	(a) Inventories
	(b) Financial assets	861.51	915.90
	(i) Trade receivables	2,201.90
	(ii) Cash and cash equivalents	412.98	1,739.25
	(iii) Bank balances other than (ii) above	4,089.57	1,502.49 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	963.56	471.19
	Total Current Assets	13,571.29	11,608.15
	Total Assets (I + II)	24,254.03	22,361.79
I	IEQUITY AND LIABILITIES
	Equity
	(a) Equity Share Capital
	(b) Other Equity	795.10 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 Dues to creditors other than micro and small enterprises	24.13	13.90
	(iii) Other Financial liabilities	227.07 299.05	234.84 313.86
	(b) Other current liabilities	2,183.05	217.18
	(c) Current Tax Liabilities (Net)	6.93	7.57
	Total Current Liabilities	_b773.83	860.69
	Total Equity and Liabilities (I + II)	- 24,254.03 I	22,361.79

	Standalone Cashflow Statement
	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	2,698.57
	(lncrease)/Decrease in Other financial assets	15199	(2,854.50)	(2,57104)
	(Increase )/Decrease in Inventories	54.39	29.02	119.39
	· (lncrease)/Decrease in Other Current Assets	(403.59)	755.85	788.21
	(Increase)/Decrease in Other Non Current Assets	(27.00)	(33.95)	9.91
	lncrease/(Decrease) in Trade Payables	2.46	(317 91)	(263 87)
	lncreasel(Decrease) in Other financial liabilities	( 14.44)	321.15	73.27
	lncreasel(Decrease) in Other Current liabilities	1,965.87	71.50	(139.89)
	lncreasel(Decrease) in Provisions	1171	(4.11)	22.45
	Cash generated from operations	1,394.65	349.76	1,552.56
	Taxes Paid	(4004)	(128 83)	(283 21)
	Net Cash from operating activities	1,354.60	220.93	1,269.35
II	Cash nows from Investing Activities
	Acquisition of property, plant and equipment and CWIP	(62.07)	(3144)	(16305)
	Investment in Subsidiary companies	(25 00)	(768.69)	(81889)
	Interest received	154.54	110.47	234.50
	(lncrease)/Decrease in Other Bank Balances	(2,263.56)	(276.18)	(1,076.93)
	Advance for Fixed Assets		-	61.59
	Net Cash From/ (Used In) Investing Activities	(2,196.09)	(965.84)	(l,762.78)
	m 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)	(4829)	(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 ClN: L 72200TG l 993PLC015939

Cash and Cash Equivalents include following for the Cash now purpose

Particulars	IlalfYear ended30 September 2021	Half Year endcd30 September 2020	Year ended31 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 Parent&tt&nd its subsidiaries together referred to as "the Group") for the quarter and six months ended SeptemlfeJ;;,,30, 2021 (the "S!atement") attached herewith, b~in.g submitt~d ~y the parent p~rsuant to{··.·l···''JJ .. ,~i[·e. quireinent of Regulation 33 of the SEBI (Listing Obligations and Disclosure ~eqmrements) Regulations,2015,as amended. '" ^a

This statement, which is the responsibility of the Parent's Managemenf~d ]approved by the Company's Board of Directors, has been prepared in accordance with tf:f{ recognition and measu~ement prin~iples laid dow~ in Indian Accounting ~tandard 34,~1.*wig,~'.AS 34) "Interi~ Financial Reportmg", Prescribed under section 133 of the Companies Act 2013 ,s'a:inended, read with relevant rules issued thereunder and other accounting principles genera~~ 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 Informatid?i',:e,~tormed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accourlfants of India (ICAI). A review of interim financial information consists of making inqµ;il.l~es, primlrily of the Company's personnel responsible for financial and accounting matters, and applyipg"analytical and other review procedures. A review is substantially less in scope than an audit cond((lf~d in accordance with Standards on Auditing and consequently does not enable us to q,,;r~itl assurance that we would become aware of all significant matters that might be identified in an au~fitlAccordingly, we do not express an audit opinion.

The statement includes the results'\0~1,the following entities:

• 1. Zen Technologies INC, USA, iWholly-Owned Subsidiary
• 1. Unistring Tech Sol:nTf\11s Private Limited, Subsidiary

~,d'<

1. Zen Medical ;ech~olo~,es Private Limited, Wholly-Owned Subsidiary

We did not i:e~i~\¥~lt1e interim financial information in respect of three subsidiaries included in the unaudited conso'lidate'd ,, financial results, whose interim financial reflect total assets of Rs.1853 .03 Lakhs as"mat,Septefuber 30, 2021, total revenues of Rs.4~.18 Lakhs and Rs. 130.68 lakhs for the quarte~~{1d six months ended September 30, 2021 respectively, total net loss after tax of Rs 144.48 and Rs.:i~<j,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 RAMCHANDRA ARCADE, D.No.8-2-293/82/Jlll/573/M/ 1stFloo~) 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 SEBJ (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"'~LP

Charte FRN.No. 01 /S200084 ccountants

Partner Membership No: 223022 UDIN: 21223022AAAASL1081

Place: Hyderabad Date: 30-10-2021

		B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India	Zen Technologies Limited
			CTN: L 72200TG 1993PLC015939
	Statement of Un-Audited Consolidated financial results for the Quarter and Half Year Ended 30th September 2021
S No	Particulars	Quarter ended 30 Sept 2021	Quarter ended 30 June 2021	Quarter ended 30 Sept 2020	30 Sept 2021	Half Year ended Half Year ended 30 Sept 2020	(Rs. In lakhs) Year ended 31 March 2021
	1 Income	Un-audited	Un-audited	Un-audited	Un-audited	Un-audited	Audited
	a) Revenue from Operations	t,575.42
	b) Other Income	96.95	996.23 74.95	1235.35 71.06	2,571.65	1,651.59	5,463.96
	Total Income	1,672.37	1,071.18	1,306.41	171.90 2,743.SS	140.32 1,791.91	302.18 5,766.14
	2 Expenses
	a) Cost of materials Consumed b) Changes in inventories of finished goods, work-in-progress and Stock-in-Trade	255 00	257.77	146.61	512.77	254.28	1,021.64
	c) Manufacturing Expenses	73.87 9438	(163.41) 90.52	35.17	(89.54)	(72.06)	(141.25)
	(d) Employee benefits expense	488.93	429.94	106.98 369.02	184.90 918.87	155.15 703.32	417.19
	(e) Finance costs	27.21	15.67	50.24	42.88	63.01	1,559.93 109.15
	(t) Depreciation and amortization expense (g) Other expenses	117.81	125 2	121.79	243.01	246.11	495.22
	Total Expenses (a tog)	678.59 1,735.79	48261	314.49	1,161.20	517.54	1,868.13
			1,238.29	1,144.30	2,974.09	1,867.34	S,330.01
	3 Profit /(Loss) Before Tax (1-2) 4 Tax expenses	(63.42)	(167.11)	162.10	(230.54)	(75.43)	436.13
	- Income Tax	8.95			8.95		186.17
	- Deferred Tax	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 to:
	Shareholders of the Company Non Controlling interest	(155) (72.29)	(113.61) (43.82)	78.05 14.42	(115.16) (116.11)	(55.59) (25.60)	31.1.14 (33.77)
	6 Other comprehensive income
	a) (i) Items that will not be reclassified to profit or Joss			26.55
	(ii) Income tax relating to items that will not be reclassified to profit or loss					26.55	13.18
	b) (i) Items that will be reclassified to profit or loss					-	(3.67)
	(ii) Income tax relating to items that will be reclassified to	(0.75)	(9.79)	-	(10.54)	-	(16.84)
	profit or loss	0.2t	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.SO)	119.02	(238.88)	(54.64)	274.72
	Attributable to:
	Shareholders of the Company
	Non Controlling interest	(2.08) (72.29)	(120.68) (43.82)	104.60 14.42	(122.76) (11611)	(29 04) (25.60)	308.49 (33.77)
	8 Paid-up Equity Share Capital	795.10	795.10	795.10	795.10	795.10	795.10
	(Rs. I/- per Equity Share)
	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 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 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 24th July, 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 reportablesegments under Ind AS 108.
• 1. The value of the orders on hand as at so" October, 2021 is about Rs.392.63 Crores.

Place : Hyderabad

I

Date: so" October, 2021 Chairman and Managing Director DIN:00056050

	Mis ZEN TECHNOLOGIES LIMITED CIN:L 72200TG1993PLC015939 B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India
	Consolidated Balance Sheet as at 30th September 2021
S.No			( Rs.in lakhs)
	Particulars	As at 30.09.21	As at 31.03.21
		Unaudited	Audited
I	I ASSETS
	Non-current assets
	(a) Property plant and Equipment	6,040.63	6, 171.78
	(b) Capital work-in-progress ( c) Right-of-use asset	0.84
	(d) Goodwill	91.72	93.23
	( e) Intangible assets	115.80	115.80
	(f) Financial assets	539.61	576.66
	(i) Investments
	(ii) Deposits	224.22	224.22
	(g) Deferred Tax Assets (Net)	48.25 2,067.97	50.20
	(h) Other non-current assets	69.17	2,056.79
			32.05
	Total Non-Current Assets	9,198.21	9,320.73
Il	[Current assets
	(a) Inventories	1,574.22 I I	1,468.59
	(b) Financial assets
	(i) Trade receivables	2,460.46	1,860.45
	(ii) Cash and cash equivalent	1,049.92	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) ( d) Other current assets	51.48	2103
	Total Current Assets	724.96	497.68
	Total Assets (I+ II)	15,042.92	13,011.11
		24,241.13	22,331.84
I	!EQUITY AND LIABILITIES
	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	21,065.72
	II !Liabilities
	Non-current liabilities
	(a) Financial Liabilities (i) Borrowings
	(ii) Lease Liabilities	131.59	119.68
	(b) Provisions	8.97	8.59
	(c) Deferred Tax Liability	177.73 0.11	166.03
	Total Non Current Liabilities	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)	24,241.13	22,331.84

Zen Technologies Limited B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India CIN:L 72200TG1993PLCOl5939

Consolidated Cashflow Statement
Particulars	Half Year ended 30 September 2021	Half Year ended 30 September 2020	Year ended 31 March 2021
	IV n Audited)	IUn 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	246.1 l	495.22
Interest Income	(16390)	(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
(Increase )/Decrease in Other financial assets	151.99	(3,623.19)	(3,339.73)
(Increase )/Decrease in Inventories	(105.63)	(105.29)	(64.25)
(Increase)/Decrease in Other Current Assets	( 139.37)	739.48	908.69
(lncrease)/Decrease in Other Non Current Assets	(27.00)	(33.95)	9.91
lncrease/(Decrease) in Trade Payables	495.63	(386.89)	(354.82)
lncrease/(Decrease) in Other financial liabilities lncrease/(Decrease) in Other Current liabilities	(31.87)	278.33	21.75
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	(4315)	(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
(Increase )/Decrease in Other Bank Balances	(2,32114)	(276.18)	(1,093.77)
Advance for Fixed Assets	-	-	61.59
Net Cash From/ (Used In) Investing Activities	(2,235.29)	(2.12.93)	(976.54)
III Cash nows from Financing Activities
Proceeds/(Repayment) from Borrowings	1431	3117	(1753)
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
Net Increase/(Decrease) in cash and cash equivalents	(1,142.21)	321.01	511.73
Cash and Cash equivalents at the beginning of the vear	2,092.87	1,58114	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 ended31 March 2021
Cash and Cash Equivalents/ Bank Balances	1,049.92	1,951.50	2,154.40
Less: Change in OD/CC accounts forming part of Cash & Cash
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 Mode of Fund Raising	I Zen Technologies Limited Preferential Issue of convertible warrants
Date of Raising Funds	1 04/02/2019 - Date of
	allotment of warrants &
	2. 03/09/2020 - Date of
	allotment of equity shares
	upon conversion of
	warrants
Amount Raised {in Rs )*	l 7,8~95,440
Report filed for Quarter ended	September 30, 202 l
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable	Not Applicable
ls there a Deviation I Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a 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

Modified Object, if any	Original Allocation (in Rs.)	II if I any	un s ti rse m eviatio Rs.)	Amount of ' anahon ,or applicable object	Remarks if any
Not Applicable		Applicable	I		No Deviations or Variations
	(a) Deviation in the objects or purposes for which the funds have been raised or		a ocatJon, l 7,85,95,440INot		Modified IF d U ·1· d (" ID n/V the quarter accordrng to 4,46,48,8601None *Out of the total amount raised, 25% of the amount i.e., Rs. 4,46,48,860/- has 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.

(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. pro~ectus, letter of offer, etc

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

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Date - 30th October 2021 Place - Hyderabad