ZEN Technologies: Monitoring Agency Report on QIP Proceeds for Q1 FY27
ZEN Technologies Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, issued by CRISIL Rating Limited, confirms that the utilization of funds is in line with the objects disclosed in the Offer Document. The QIP, which took place from August 21-23, 2024, raised gross proceeds of ₹1,00,000.00 lakhs, with net proceeds of ₹97,950.77 lakhs being monitored. The report indicates no deviation from the stated objects for the utilization of these funds during the specified quarter. The company's promoters are Mr. Kishore Dutt Atluri and Mr. Ashok Atluri, and it operates in the Aerospace and defence sector.
Key Highlights
- Monitoring Agency Report confirms QIP proceeds utilization for Q1 FY27.
- CRISIL Rating Limited issued the report for ZEN Technologies Ltd.
- No deviation from QIP objects noted for the quarter ended June 30, 2026.
- QIP raised ₹1,00,000.00 lakhs gross proceeds.
- Funds utilized for General corporate purposes as per disclosures.
Price Impact
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