Zen Technologies Secures ₹120 Crore Order from Ministry of Defence
Filing Summary
Zen Technologies Ltd has received an order valued at ₹120 crores, inclusive of GST, from the Ministry of Defence, Government of India. The order involves the supply of a Comprehensive Training Node (CTN), which includes various training simulators and equipment. This domestic contract is scheduled for execution within one year. There is no involvement of related party transactions, and the promoter group has no interest in the awarding entity. This development was disclosed in compliance with SEBI Listing Regulations.
Zen Technologies Ltd has announced the receipt of an order from the Ministry of Defence, Government of India, valued at ₹120 crores including GST. The order pertains to the supply of a Comprehensive Training Node (CTN), which comprises a suite of various training simulators and equipment. This information was disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is classified as a domestic contract, awarded by the Ministry of Defence. The execution of this order is expected to be completed within a year from the date of receipt. The filing confirms that there are no related party transactions involved, and the promoter or promoter group does not have any interest in the Ministry of Defence, the entity awarding the contract.
The detailed disclosure of this order is provided in the filing as per the requirements under the SEBI Listing Regulations and the SEBI Master Circular dated November 11, 2024. The disclosure includes the significant terms and conditions of the order, which focus on the supply of the CTN and its components.
Zen Technologies Ltd specializes in providing training solutions and simulators for defense and security forces. The company focuses on developing innovative training systems to enhance the operational readiness of its clients. Zen Technologies continues to expand its portfolio in the defense sector, aligning with its strategic priorities.