Regulatory8 May 2026, 07:41 pm
ZEN Tech: Monitoring Agency Report for Quarter Ended Mar 2026
AI Summary
ZEN Technologies Ltd. has released a Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, dated May 07, 2026, confirms that the utilization of funds is in accordance with the disclosures in the offer document. The QIP issue period was from August 21, 2024, to August 23, 2024, with a gross proceed of ₹1,00,000.00 lakhs and revised net proceeds of ₹97,950.77 lakhs.
Key Highlights
- CRISIL Ratings Limited issued a Monitoring Agency Report for Q1 2026.
- The report pertains to the utilization of QIP proceeds by ZEN Technologies.
- QIP issue size comprised gross proceeds of ₹1,00,000.00 lakhs.
- Net proceeds monitored by Crisil Ratings amounted to ₹97,950.77 lakhs.
- Utilization of proceeds is as per the disclosures in the Offer Document.
Price Impact
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