Zen Technologies: No QIP fund deviation for Q4 FY26

Zen Technologies Limited has reported no deviation or variation in the utilization of funds raised through its Qualified Institutional Placement (QIP) for the quarter ended March 31, 2026. The company raised Rs. 979.51 Crores (net of issue expenses) via QIP on August 23, 2024. The funds were originally allocated for working capital requirements (Rs. 410.00 Cr), inorganic growth through acquisitions and other strategic initiatives (Rs. 350.00 Cr), and general corporate purposes (Rs. 219.51 Cr). The filing confirms that all funds utilized during the quarter were in line with the original objects, with CRISIL Ratings Limited acting as the monitoring agency.