ZEN Technologies Secures Rs. 108 Crore Order from Ministry of Defence
Filing Summary
ZEN Technologies Ltd has received an order from the Ministry of Defence, Government of India, valued at approximately Rs. 108 crores, inclusive of GST. The order involves the supply of simulators and is set to be executed within a year. This transaction is not a related party transaction, and there is no interest from the promoter group in the awarding entity. The order is domestic, and the Ministry of Defence is the awarding entity. This update complies with Regulation 30 of the SEBI Listing Regulations.
ZEN Technologies Ltd has announced the receipt of an order from the Ministry of Defence, Government of India. The order is valued at approximately Rs. 108 crores, including GST. The order pertains to the supply of simulators to the Ministry of Defence.
The order is classified as domestic, with the Ministry of Defence being the awarding entity. The execution of this order is scheduled to be completed within a year. The transaction does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the order.
This announcement is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosure is provided in accordance with the SEBI Master Circular dated November 11, 2024.
The Ministry of Defence, Government of India, is responsible for the national defense policy and is a significant procurer of defense equipment and technology. The ministry’s focus includes modernization and enhancement of defense capabilities through procurement of advanced technology and equipment.
ZEN Technologies Ltd specializes in providing training solutions and simulators for defense and security forces. The company focuses on developing innovative solutions to enhance training effectiveness and operational readiness. ZEN Technologies continues to expand its portfolio in the defense sector, aligning with its strategic priorities to support national defense initiatives.