Zen Technologies Ltd. — Interim / Quarterly Report 2022

Jan 29, 2022

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: +91 40 23813281/3294/2894/4894 Fax No: +91 40 23813694 Email: info@zentechnologies.com Website: www.zen.in Corporate Identity Number: L72200TG1993PLC015939

Date: 29th January 2022

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 29th January 2022.

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 22nd January 2022 giving notice of the Board Meeting to consider and approve the unaudited financial results of the Company for the third quarter and nine months ended 31st December 2021.

The Board at its meeting held today, i.e. Saturday, 29th January 2022, inter alia, approved the Unaudited Financial Results (Standalone and Consolidated) for the third quarter and nine months ended 31 '1 December 2021. In this regard, please find enclosed:

• a) Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended 31st December 2021;
• b) Limited Review Report in respect of the Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended 31st December 2021.
• c) Statement of Deviation or Variation as per Regulation 32 of the Listing Regulation.

The meeting of Board of Directors was commenced at 12.30 PM and concluded at 03:00 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 the Quarterly and Year to Date Unaudited Standalone Financial Results of the Zen Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors Zen Technologies Limited

• 1. We have reviewed the accompanying statement of unaudited standalone financial results of Zen Technologies Limited ('the company')for the quarter ended December 31, 2021 apd the yearto-date results for the period April 01, 2021 to December 31, 2021 ('the stateme1\t})11!4ttached herewith, being submitted by the company pursuant to the requirements of Regulatiol'!QJJ of the Securities and Exchange Board of India (Listing Obligations and Disclosgre Requirements) Regulations,2015,as amended (the 'Listing Regulations'). This statement is tl;)t1;esponsibility of ''?" the Company's Management and has been approved by the Board of Directors. Our responsibility is to express a conclusion on the statement based on our review.
• 1. This statement has been prepared by the Company's Manag·em!Mfff'''ln accordance with the recognition and measurement principles laid down in Indian '1:A~~011~t16g Standard 34 "Interim '. .·'n"''i''>w financial reporting" (Ind AS 34), prescribed under Section 133 'ftHe Companies Act 2013, read with relevant rules issued there under and other recognized ~accounting principles generally accepted in India and in compliance with Regulation j! of the Listing Regulations.
• 1. We conducted our review of the Statement in a"tcorcfance with the Standard on Review ~l Engagements (SRE) 2410, "Review of Interim Hfiancial Information Performed by the Independent Auditor of the Entity", issued,l,y'the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform th~ ~tview to obtain moderate assurance as to whether the Statement is free of material mi§,§tatementM'" A review consists of making inquiries, primarily # "'"'""'('' of persons responsible for financi~,, attg accounting matters, and applying analytical and other review procedures. A review is sub~tam]Ially less in scope than an audit conducted in accordance with Standards on Auditing ~R~:,consequently does not enable us to obtain assurance that we would become aware of all signifi2ant\1111J-tters that might be identified in an audit . Accordingly, we do
• 1. Based on our review c~nl~fted and procedures _Performed as stated in p~ragraph 3 above , nothi1~g has come to our attentioasthat causes us to believe that the accompanying Statement, prepared in accordance with <the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recogni/~1~ accounting principles generally accepted in India, has not disclosed the information required tcJi0~~ disclosed in terms of Listing Regulations, including the manner in which it is to be disclosed, or'rhat it contains any material misstatement.

For Ramasamy Koteswara Rao and Co LLP Chartered Accountants FRN.No.010396S/S200084

~'-· (Murali Krishna Reddy~ri) Partner Membership No: 223022 UDIN: 22223022AAAABM1669

Place: Hyderabad Date: 29th January,2022

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

	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 Nine Months ended & Quarter Ended 31st December 2021
S.No	Particulars	Quarter ended 31 Dec 2021	Quarter ended 30 Sept 2021	Quarter ended 31 Dec 2020	Nine months ended 31 Dec 2021	Nine Months ended 31 Dec 2020	(Rs. In lakhs) 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 Total Income	1.235.70 97.35	1,625.17 96.45	1,587.51 71.20	3,774.02 267.61	3.065.60 211.36	4,957.03 291.48
		1,333.05	1,721.62	1,658.71	4,041.63	3,276.96	5,248.51
	2 Expenses a)Cost of Materials and Components consumed b)Changes in inventories of finished goods,	433.14	189.83	189.72	808.80	264.23	753.62
	work-in-progress and Stock-in-Trade c)Manufacturing Expenses	(195.31)	211.68	50.41	(124.83)	112.66	42.39
	d)Employee Benefits Expense	99.19 382.01	107.43	88.61	284.09	230.94	331.61
	e)Finance Costs	42.86	357.32 21.80	357.08 14.95	1,070.20	892.04	1,273.23
	f)Depreciation and Amortization Expense	92.41	91.95	100.08	78.86 283.58	74.17 300.91	99.56 399.15
	g)Other Expenses	414.39	646.53	494,92	1,525.35	1,025.05	1,780.76
	Total Expenses (a to g)	1,268.70	1,626.54	1,295.77	3,926.05	2,900.00	4,680.31
	3 Profit / (Loss) before Tax (1-2) 4 Tax expense	64.35	95.08	362.94	115.58	376.95	568.20
	(i) Current tax	10.34	8.95	130.62	19.29	130.62	186.17
	(ii) Deferred tax	42.18	1.42	(36.54)	33.93	(30.78)	(27.66)
	Total Tax	52.52	10.37	94.08	53.22	99.84	158.51
5 1	Net Profit /(Loss) for the period (3-4)	11.83	84.71	268.86	62.36	277.11	409.69
6	Other Comprehensive Income 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 $l$ loss						13.18
	Total Other Comprehensive Income						(3.67) 9.51
	7 Total Comprehensive Income for the Period (5+6)	11.83	84.71	268.86	62.36	277.11	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. I/- each) (a) Basic (In Rs.) (b) Diluted (In Rs.)	0.01	0.11	0.34	0.08	0.35	0.52
		0.01	0.11	0.34	0.08	0.35	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

BETTO Adhal

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Notes to Standalone Un-Audited Financial Results for the Nine Months ended & Quarter Ended 31st December 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 zs" January, 2022.
• 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 3151 December, 2021 is about Rs. 420.99 Crores.
• 1. During the period under review, the company has raised an amount of Rs. 89.08 Crores by way of issuance and allotment of Convertible Equity Share Warrants and Compulsory Convertible Debentures to the Promoters & Non-Promoters of the company, respectively, on a preferential basis. Out of the total amount raised, Rs. 11.08 Crores was utilized and the balance Rs. 78.00 Crores is unutilized as of the quarter ended 31st December 2021.
• 1. A preliminary assessment of fire accident at our demo centre was made at 7.28 Cr and we are reasonably certain that the loss will be covered by the insurance company. Hence no provision is being made by the company in this regard.

Place : Hyderabad Date: 29th January, 2022

For and on behalf of thf Board

DIN:00056050

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Zen Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To The Board of Directors Zen Technologies Limited

• 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Zen Technologies Limited ('the Holding Company'), its subsidiaries, (the Holdi118,;,Company" and its subsidiaries together referred to as the 'Group') for the quarter ended Decembe11tij"'L 2021 and the year-to-date results for the period April O 1, 2021 to December 31, i:021 ('the 1''ttatement') attache~ herewith, being s_u?mitted by the Holding Com~any p~rsua13t,.,fa)~ require1?ents of Regulation 33 of the Securities and Exchange Board of India (Listing Ooligatrons and Disclosure Requirements) Regulations,2015,as amended (the 'Listing Regulations'). '"lj;l1is statement is the responsibility of the Holding Company's Management and ha,~ been approved by the Holding Company's Board of Directors. Our responsibility is to exprd~'*~,,,eonclusion on the statement based on our review.
• 1. This st~~ement has been prepared_ by_ the Ho_lding Co1;1f"'~~s Managem~nt in accordance with t!,e recogmtion and measurement principles laid down 1rr,Jilcl1an Accounting Standard 34 "Intenm financial reporting" (Ind AS 34), prescribed under Sectlgn 133 of the Companies Act 2013, read s: with relevant rules issued there under an,~w.,,?ther recognized accounting principles generally accepted in India and in compliance with !3:e~ula;tiqn 33 of the Listing Regulations.
• 1. We conducted our review of the StateniiPf in accordance with the Standard on Review Engagements (SRE) 2410, "R\\ivtiew of ilfnterim Financial Information Performed by the Independent Auditor of the Entity")ssµed by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of rnlt~al misstatements. A review consists of making inquiries, primarily of persons responsible for fi!il,ncial and accounting matters, and applying analytical and other review procedures. A10review l;s substantially less in scope than an audit conducted in accordance with Standards on Aud\tiyg and consequently does not enable us to obtain assurance that we would become awa!(, of ~II si~lficant matters that might be identified in an audit . Accordingly, we do not express an 'audit opmion. ,dlllll1%Wnm,••rn~ .. ··. -,-·-.-.-.-.,.,:d\$&h.«-

perr~pmed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 ch 29, 2019 issued by the Securities and Exchange Board of India under Regulation e Listing Regulations, to the extent applicable.

S.No	Name of the Company	Relationship with the Holding
		Company
1	Zen Technologies Inc, USA	Wholly owned Subsidiary
2	Unistring Tech Solutions Private Limited	Subsidiary
3	Zen Medical Technologies Private Limited	Wholly owned Subsidiary

1. This S ludes th f the foll

• 1. Based on our. review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the management and other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. We did not review the financial information of 2 Subsidiaries included in the Consolidated unaudited interim financial information of the entities included in the Group, whose information reflects total revenues of Rs.390.05 lakhs and Rs.520. 73 lakhs, total net loss after tax, of Rs. I 0. 75 lakhs and Rs.288.28 lakhs and total comprehensive loss_ ofRs.10.75 l_akhs and Rs.;_88".~~.akhs for the quarter ended December 31, 2021 and for the period from Apnl 01, 2021 to~ecet9ber 31, 2021 respectively, as considered in the respective Consolidated unaudited financial irr~9rmation of the entities included in the Group. The interim financial information of tli'.~.se subsidiaries have been reviewed by other auditors whose reports have been furnished to l.J,S1t~:¥+tfli~nanagement, and our conclusion in so far as it relates to the amounts and disclosures inclu'cl\d in respect of these subsidiaries, is based solely on the reports of other auditors and the procedures' performed by us as stated in paragraph 3 above.
• 1. The consolidated unaudited financial results include the inreriris.financial information of one subsidiary which has not been reviewed by their auditor, whost interim financial information reflect total revenue of Rs. Nil and Rs. Nil, total net lo~t,~ttax of Rs. 23.56 Lakhs and Rs. 27.83 Lakhs and total comprehensive loss of Rs. 23.41 Lakhs\i:iid:0:Rs. 35.28 Lakhs for the quarter ended ^~December 31, 2021, and for the period from April 01, 2012"1 to December 31, 2021, respectively, as considered in the consolidated unaudited ,~h:fncial results. According to the information and explanations given to us by the Managernerit, t7..isi\interim financial information is not material to the Group. ~;Ji?'

Our conclusion on the statement is not fied in respect of the above matter.

For Ramasamy Koteswara Rao and Co LLP

Chartered Accountants

, r~;r;-~ FRN.No.010396S/S200084

rii~lo'-' l?c;;, ~ ! (/~ Chartered ^Ot . · })'_/." :=' Accountants n / '~% FRN No.010396SI ltM'urali Krishna Reddy Telluri) ,,1 5200034 ^QIi ~ y;/ Partner ~ * .9~ Membership No: 223022 UDIN: 22223022AAAABN1117

Place.'[ Date:291h January,2022

	Zen Technologies Limited B -42 Industrial Estate, Sanathnagar Hyderabad - 500 018, Telangana, India
	CIN:L72200TG1993PLC015939 Statement of Un-Audited Consolidated financial results for the Nine Months ended & Quarter Ended 31st December 2021
S No	Particulars	Quarter ended 31 Dec 2021	Ouarter ended	Quarter ended	Nine months ended	Nine Months	(Rs. In lakhs) Year ended
			30 Sept 2021	31 Dec 2020	31 Dec 2021	ended 31 Dec 2020	31 March 2021
	1 Income	Un-audited	Un-audited	Un-audited	Un-audited	Un-audited	Audited
	a) Revenue from Operations	2,621.98	1575.42
	b) Other Income Total Income	177.32	96.95	1,657.12 72.60	4,197.40 274.27	3,308.71	5,463.96
		2,799.30	1,672.37	1,729.72	4,471.67	212.92 3,521.63	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	1,078.61	255.00	242.78	1,333.61	497.05	1,021.64
	c) Manufacturing Expenses	(577.72) 189.71	73.87 94.38	21.74	(503.85)	(50.32)	(141.25)
	(d) Employee benefits expense (e) Finance costs	964.47	488.93	81.54 462.99	284.09 1,453.40	236.69	417.19
	(f) Depreciation and amortization expense	59.60	27.21	16.99	86.81	1,166.31 80.01	1,559.93 109.15
	(g) Other expenses	244.87 976.95	117.81	123.04	362.68	369.15	495.22
	Total Expenses (a to g)	2,936.49	678.59 1,735.79	511.36 1,460.44	1,655.54	1,028.89	1,868.13
					4,672.28	3,327.78	5,330.02
	3 Profit /(Loss) Before Tax (1-2)	(137.19)	(63.42)	269.28	(200.61)	193.85
	4 Tax expenses - Income Tax						436.12
	- Deferred Tax	10.34	8.95	130.62	19.29	130.62	186,17
		32.39	1.45	(36.54)	33.84	(30.78)	(27.41)
	Net Profit for the period (3-4)	(179.91)	(73.82)	175.20	(253.74)	94.01	277.36
	Attributable to:
	Shareholders of the Company	(131.19)	(1.53)	231.71
	Non Controlling interest	(48.73)	(72.29)	(56.51)	(132.72) (121.02)	176.12 (82.10)	311.14
	6 Other comprehensive income						(33.77)
	a) (i) Items that will not be reclassified to profit or loss (ii) Income tax relating to items that will not be reclassified to profit or loss		×		٠	28.76	13.18
			$\,$				(3.67)
	b) (i) Items that will be reclassified to profit or loss	(9.58)	(0.75)	2.21	(10.33)
	(ii) Income tax relating to items that will be reclassified to profit or loss	2.66	0.21				(16.84)
					2.87		4.69
	Total other comprehensive income/(loss) net of tax 7 Total Comprehensive income (5+6)	(6.92) (186.83)	(0.54)	2,21	(7.46)	28.76	(2.64)
			(74.36)	177.41	(261.20)	122.77	274.72
	Attributable to: Shareholders of the Company
	Non Controlling interest	(138.11)	(2.07)	233.92	(140.18)	204.87	308.49
		(48.73)	(72.29)	(56.51)	(121.02)	(82.10)	(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. 1/- each)
	(a) Basic (In Rs.)	(0.16)	(0.00)	0.29	(0.17)
	(b) Diluted (In Rs.)	(0.16)	(0.00)	0.29	(0.17)	0.22 0.22	0.39 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 Nine Months ended & Quarter Ended 31st December 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 zs" January, 2022.
• 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 {CODM) 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. During the period under review, the company has raised an amount of Rs. 89.08 Crores by way of issuance and allotment of Convertible Equity Share Warrants and Compulsory Convertible Debentures to the Promoters & Non-Promoters of the company, respectively, on a preferential basis. Out of the total amount raised, Rs. 11.08 Crores was utilized and the balance Rs. 78.00 Crores is unutilized as of the quarter ended 31st December 2021.
• 1. A preliminary assessment of fire accident at our demo centre was made at 7.28 Cr and we are reasonably certain that the loss will be covered by the insurance company. Hence no provision is being made by the company in this regard.

Place: Hyderabad

Date: 291h January, 2022 Chairman and Managing Director

DIN:00056050

Statement of Deviation I Variation in utilisation of funds raised
Name of listed entitv	Zen Technologies Limited
Mode of Fund Raising	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. Lakhs)	I, 785.95
Renort filed for Quarter ended	31st December 2021
Monitoring Agency	Not Aoolicable
Monitoring Agency Name, if applicable	Not Applicable
ls there a Deviation I Variation in use of funds raised	No
[f yes, whether the same is pursuant to change in terms of a 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

Obiects for which funds have been raised and where there has been a deviation, in the followinz table

Original Object	Modified Object, if any	Original Lakhs)	Modified if any	Rs. Lakhs)	Amount of Allocation (in Rs. allocation, Funds Utilised (in DeviationNariation for Remarks if the quarter according to any applicable object
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 purposes.	Not Applicable	1,785.95 Not	Applicable	1,785.95 None		No Deviations or Variations
Deviation or variation could mean:
(a) Deviation in the obiects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actuallv utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

Chairman and Managing Director DIN: 00056050

Date - 29th January 2022 Place - Hyderabad

Statement of Deviation I Variation in utilisation of funds raised
Name of listed entity	Zen Technologies Limited
Mode of Fund Raising	Preferential Issue of
	convertible warrants &
	compulsory convertible
	debentures
Date of Raising Funds	25th November 2021
Amount Raised (in Rs. Lakhs)	8,907.73
Report filed for Quarter ended	31st December 2021
Monitoring Agency	Not Annlicable
Monitoring Agency Name, if annlicable	Not Applicable
ls there a Deviation I Variation in use offunds raised	No
lfyes, whether the same is pursuant to change in terms of a 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 Aoolicable
Comments of the Audit Committee after review	None
Comments of the auditors, if any	None

Obiects for which funds have been raised and where there has been a deviation, in the following table

Original Object	Modified Object, if any	Original Lakhs)	Modified if any	Rs. In Lakhs)	Amount of Allocation (in Rs. allocation, Funds Utilised (in DeviationN ariation for Remarks if the quarter according to any anulicable obiect
The proceeds of the preferential issue shall be utilized to	Not Applicable	8,907.73 Not		1,107.54 None		No
meet the Annual Business Plans of the Company, research			Applicable			Deviations
and development (R&D), potential acquisitions, export and business promotion, working capital, capital expenditure,						or
exploring new initiatives and for other general corporate						Variations
purposes.
Deviation or variation could mean:
(a) Deviation in the objects or ourooses 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 of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

•

Chalrman and Managing Director DIN: ood560SO

Date - 29th January 2022 Place - Hyderabad