Zen Technologies Ltd. — Interim / Quarterly Report 2026

May 3, 2026

ZEN
being there...
TECHNOLOGIES

Certified ISO 9001:2015, ISO 27001:2022, CMMI ML5
Regd. Office: B-42, Industrial Estate, Sanath Nagar
Hyderabad - 500 018, Telangana, India
Phone: +91 40 2381 3281/3294/2894/4894
Fax: +91 40 2381 3694
Email: info@zentechnologies.com, Website: www.zen.in
Corporate Identity Number: L72200TG1993PLC015939

May 03, 2026

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 Financial Results of the Company for the quarter and year ended March 31, 2026.

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 DHPAR
Digitally signed by
SOURAV DHPAR
Date: 2026.05.03
13:04:32 +05'30'

Sourav Dhar
Company Secretary & Compliance Officer
Encl: as above

Works: Plot No. 36, Hardware Park, Near Shamshabad International Airport, Hyderabad - 501 510, Telangana, India

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Zen Technologies Limited
Q4FY26 PRESS & MEDIA RELEASE

Hyderabad, May 03, 2026

Zen Technologies, India's leading anti-drone technology and defense training solutions provider announced its financial results for Q4FY26

Consolidated Financial Highlights Q4FY26

(₹ In Crore) Audited Figures

REVENUE	EBITDA	PAT (adjusted for NCI)
178.08	73.69	31.53

"FY26 financial performance was muted relative to FY25, a trajectory we have communicated earlier to our investors and stakeholders. What the headline numbers do not capture is the structural transformation that took place over the last 2 years: Zen ended FY26 as a defence company with five capabilities that are ready to be offered to the Armed Forces — training simulation and systems, counter drone solutions, automated weapons stations, combat robotics and drones. The recent expansion of our product portfolio dovetails to the actual war needs as amplified recent wars including the Iran war.

Another positive for the year was the contribution from our subsidiaries to the consolidated revenue and earnings, validating the capital allocation decisions we have made over years. These investments collectively position Zen to compete across a wider set of opportunities going forward.

FY26 was a year where order conversion timing was delayed beyond what we expected, but now FY27 execution is clearly visible. We closed the year with a consolidated order book of ₹1,336 crore, including new order inflows of ₹431 crore secured during Q4 FY26 alone. The pipeline of opportunities remains robust and the majority of our current order book is scheduled for execution in FY27.

Domestically, the draft Defence Acquisition Procedure 2026 and the broader policy push towards Buy Indian IDDM continue to intensify the tailwinds initiated by late Mr Manohar Parikkar. Globally, recent events have underlined the strategic importance of layered counter-UAS systems and trained, combat-ready forces, both areas where Zen has built deep capability over three decades.

Zen's three-decade focus on R&D has produced products, often much ahead of other indigenous offerings, that have been validated in the real battlefield. We expect to add several new products to our portfolio in the coming quarters, each addressing capability gaps that current operational realities have brought into focus.

With a strong forward order book, a structurally more diversified earnings base, an expanded product portfolio and a supportive policy environment, we believe Zen is entering FY27 better positioned than at any point in our recent history."

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Zen Technologies Limited
Q4FY26 PRESS & MEDIA RELEASE

Consolidated Financials

| Particulars
(₹ in Crore) | Q4FY26
(Audited) | Q3FY26
(Unaudited) | Q4FY25
(Audited) | FY26
(Audited) | FY25
(Audited) |
| --- | --- | --- | --- | --- | --- |
| KEY PERFORMANCE INDICATORS | | | | | |
| Sales | 178.08 | 177.82 | 324.97 | 687.69 | 973.64 |
| Other Operating Revenue | 22.70 | 15.62 | 24.77 | 85.42 | 58.39 |
| Total Revenue | 200.78 | 193.45 | 349.74 | 773.11 | 1032.03 |
| Total Operating Expenses | 127.09 | 111.03 | 187.00 | 440.45 | 600.12 |
| EBITDA | 73.69 | 82.42 | 162.74 | 332.66 | 431.91 |
| EBITDA Margins | 41.38% | 46.35% | 50.08% | 48.37% | 44.36% |
| Operational EBITDA | 50.99 | 66.80 | 137.97 | 247.24 | 373.52 |
| Operational EBITDA Margins | 28.63% | 37.57% | 42.46% | 35.95% | 38.36% |
| Interest Cost | 2.02 | 2.75 | 3.95 | 10.27 | 10.38 |
| Depreciation | 5.84 | 6.49 | 4.75 | 24.39 | 15.41 |
| Profit before associates,
exceptional items and tax | 65.83 | 73.18 | 154.04 | 298.01 | 406.12 |
| Profit After Tax (Adjusted for
Non-Controlling Interest) | 31.53 | 54.76 | 101.04 | 193.45 | 280.24 |

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 200+ patents and shipped more than 1,000 training systems around the world.

Contact Us

Hari Haran Chalat

Chief Financial Officer
Zen Technologies Limited
investors@zentechnologies.com

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.