Zen Technologies is making a strategic push into the U.S. defense market. The company has formalized its partnership with Applied Visual Technology Inc. D.B.A AVT Simulation, a premier provider of customized training systems, through a Memorandum of Understanding (MoU) inked today in Florida. This collaboration is set to revolutionize simulation and training solutions for defense and security forces. Zen, recognized for its innovation with over 155 patents and 1,000 systems deployed globally, has also showcased its advanced technologies at I/ITSEC 2024 in Orlando, the world's largest event for modelling, simulation, and training. This strategic alliance integrates Zen's cutting-edge technologies with AVT's expertise in delivering tailored simulation systems. Together, the companies will develop next-generation solutions for defense, emergency response, and commercial applications, addressing the surging demand for immersive, cost-effective training platforms in the U.S. Zen has presented its latest advancements at I/ITSEC 2024, highlighting solutions like the Tank Containerized Crew Gunnery Simulator, Infantry Virtual Training Simulation System (IVTSS), and its AI-powered robotic platforms. The event serves as a pivotal opportunity for Zen to strengthen ties with U.S. defense leaders, explore co-development initiatives, and expand its role in Foreign Military Sales (FMS). Powered by Capital Market - Live

Zen Technologies announced the Grant of its Indian Patent for the T90 Containerized Crew Gunnery Simulator on 25 November 2024. This patent is Company's 20th Patent awarded in the calendar year 2024, and the 10th in the financial year 2024-25. Proficiency in Tank Gunnery is the most important criteria in evaluating an Armoured Regiment's 'Fitness for War'. The responsibility for gunnery lies with the Commander and Gunner in a tank crew. The T90 Containerized Crew Gunnery Simulator (T90 CGS) is an advanced, innovative system designed to provide a highly immersive and interactive training experience to increase the gunnery proficiency of the T-90 tank commander and gunner. The system replicates the battlefield conditions and operational tasks of the T90 tank, providing realistic targets with AI reactions. The simulator replicates the interior of the turret of the T-90 incorporating two dedicated stations for the gunner and commander, each equipped with realistic controls and systems found in the T90 tank. The system features a 3-degree-of-freedom motion platform, ensuring a lifelike experience during firing exercises, and a high degree of customization for instructors to tailor the training scenarios to specific needs from individual proficiency training to crew integration exercises against time. Zen Technologies continues to lead in the field of military training simulators, with this new patent reinforcing the company's commitment to advancing defence technology. The T90 CGS will enable more cost-effective and localized training solutions for the Indian Armed Forces, while also catering to other international markets. This aligns with the national vision of self-reliance and indigenization in defense manufacturing, while also offering international customers a high-quality, versatile training system designed to meet diverse operational requirements.Powered by Capital Market - Live

Revenue from operations spiked 277.44% year on year (YoY) to Rs 241.68 crore in the quarter ended September 2024. Profit before tax stood at Rs 83.45 crore in Q2 FY25, registering a growth of 242.99% from Rs 24.33 crore reported in the same period a year ago. The company's operational EBITDA grew by 264.98% to Rs 79.42 crore in Q2 FY25 as compared to Rs 21.76 crore posted in Q2 FY24. EBITDA margin jumped to 32.86% in Q2 FY25 as against 33.98% reported in Q2 FY24. On half year basis, the company's net profit jumped 116.24% to Rs 139.41 crore in Q2 FY25 as against Rs 64.47 crore posted in Q2 FY24. Revenue from operations rallied 152.25% year on year to Rs 495.64 crore in Q2 FY25. Ashok Atluri, chairman and managing director, said, 'I am pleased to share the results for Q2FY25, which reflect a solid continuation of the growth we achieved in Q1FY25. Our revenue from operations for Q2FY25 reached Rs 241.69 crore, a significant increase of 277% compared to Rs 64.03 crore in Q2FY24. Our operational EBITDA for the quarter was Rs 79.42 crore, representing a growth of 265% from Rs 21.76 crore in the same period last year, while our profit after tax stood at Rs 65.24 crore, up 276% from Rs 17.34 crore. We have exceeded the revenue and profit after tax of the previous year FY24 in the H1FY25 itself. As of 30th September 2024, our order book is strong at Rs 956.74 crore, positioning us well for future growth. During the quarter, we successfully completed a Qualified Institutional Placement (QIP), raising Rs 1000 crore. This initiative received strong response, with subscriptions exceeding five times the issue amount. Notable marquee investors who have been allotted equity shares through our recent Qualified Institutional Placement (QIP) include Kotak Mutual Fund, Motilal Oswal and White Oak Offshore. Their participation underscores the confidence in our growth strategy and future prospects. As of September 30, 2024, the company has a robust liquidity position with balances in banks totalling Rs 1,103 crore. This strong cash reserve positions us favourably for future R&D investments and strategic acquisitions. Continuing our commitment to organic and inorganic growth strategies, we are actively evaluating potential acquisition opportunities in simulator and electronic warfare technologies aligned with our strategy. Our dedication to innovation, coupled with strategic investments in research and development, ensures we remain poised to capitalise on burgeoning demand driven by military modernisation initiatives globally.' Zen Technologies is a pioneer and leader in providing world class state-of-theart 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 155 patents and shipped more than 1,000 training systems around the world. Shares of Zen Technologies fell 1.51% to Rs 1,850 on the BSE.Powered by Capital Market - Live

Net profit of Zen Technologies rose 310.14% to Rs 62.67 crore in the quarter ended September 2024 as against Rs 15.28 crore during the previous quarter ended September 2023. Sales rose 263.67% to Rs 241.84 crore in the quarter ended September 2024 as against Rs 66.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales241.8466.50 264 OPM %33.0828.53 - PBDT86.2123.78 263 PBT82.3721.57 282 NP62.6715.28 310 Powered by Capital Market - Live

Zen Technologies will hold a meeting of the Board of Directors of the Company on 2 November 2024Powered by Capital Market - Live

Zen Technologies announced that the Annual General Meeting (AGM) of the company will be held on 14 September 2024.Powered by Capital Market - Live

Zen Technologies has successfully raised Rs 1,000 crore through its first-ever Qualified Institutional Placement (QIP). The QIP, launched on 21 August 2024, and closed on 23 August 2024, saw significant interest from both domestic and international investors, underscoring strong confidence in the company's strategic vision and market position. Zen Technologies allocated 62,46,096 equity shares, each with a face value of Re 1, to qualified institutional buyers (QIBs) at an issue price of Rs 1,601 per share. This pricing represents a discount of approximately 5% to the QIP floor price of Rs 1,685.18 per share, as determined by SEBI regulations. The QIP was oversubscribed by ''5 times, reflecting the high demand and investor confidence in Zen Technologies' growth strategy. Key investors participating in this QIP include Kotak Mutual Fund, White Oak Offshore Fund, White Oak Mutual Fund, Motilal Oswal Mutual Fund, and Bandhan Mutual Fund, amongst others. The proceeds from the QIP will be strategically deployed to accelerate Zen Technologies' growth plans. These include exploring inorganic growth opportunities and funding working capital requirement for the expected rapid growth in the coming years. This capital infusion aligns with the company''s long-term vision to penetrate adjacent markets (Naval and Air Force), to continue deep R&D in the field of counter-drone solutions, and expand its footprint in the global defence market.Powered by Capital Market - Live

Zen Technologies has received the Indian Patent Grant for its innovative Trigger Sensing System, a crucial component of the TacSim' range of products. This patent, granted on 22 August 2024, marks the 17th patent awarded to the company in the calendar year 2024 and the 7th in the financial year 2024- 25. The TacSim' product line is renowned for its Force on Force Training Systems, designed to evaluate and enhance the operational capabilities of the defense forces. This latest patent ispart of a suite of five patents related to the TacSim' range, which includes a Laser Unit, Indoor Tracking Unit, HE36 Grenade Simulator, Weapon Range Estimation System, and now, the Trigger Sensing System. The TacSim' product line is scalable and can incorporate the participants of all three services engaged in an integrated joint training exercise on all types of terrain. Extremely versatile in employment, it is an exceptional training tool for realistic training of tri-service tactical groupings of integrated theatre commands. The Trigger Sensing System, protected under the present Patent will be valid until 22nd October 2030. This system provides an enhanced method for accurately detecting the point of trigger activation in various firearm simulators, ensuring precise and realistic training experiences. It incorporates advanced technologies that simultaneously sense multiple aspects of firearm recoil, including vibration, shock, and sound, thereby minimizing the scope for false triggers and enhancing training accuracy. Powered by Capital Market - Live