Regulatory25 Jul 2026, 06:40 pm
ZEN Tech: No Deviation in QIP Fund Utilization for Q2 FY27
AI Summary
ZEN Technologies Ltd has submitted its Statement of Deviation or Variation in the utilization of funds raised through Qualified Institutional Placement (QIP) for the quarter ended June 30, 2026. The company raised ₹979.51 Crores (net of issue expenses) on August 23, 2024. The filing confirms there is no deviation or variation in the utilization of these funds as against the originally disclosed objects. The funds were allocated for working capital requirements, inorganic growth through acquisitions, and general corporate purposes, with actual utilization aligning with these plans.
Key Highlights
- ZEN Technologies reports no deviation in QIP fund utilization for Q2 FY27.
- ₹979.51 Crores raised via QIP on August 23, 2024.
- Funds utilized for working capital, acquisitions, and general corporate purposes.
- Actual utilization matches original disclosure, indicating strong financial discipline.
Price Impact
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