ZEN Technologies: Deviation in QIP Fund Utilization for Q3 2026

ZEN Technologies Ltd has filed a Statement of Deviation & Variation regarding the utilization of funds raised through Qualified Institutional Placement (QIP). The company raised Rs. 979.51 Crores (net of issue expenses) on August 23, 2024. The report for the quarter ended September 30, 2026, reviewed by the Audit Committee, indicates a deviation or variation in the use of these funds. The specific details of the deviation and the comments from the Audit Committee and auditors are pending further disclosure. The QIP was for an amount of Rs. 1,000.00 crore, issued in accordance with SEBI regulations.