Zen Technologies (ZENTEC) — deviation variation

📢 Key Event
Statement of deviation in QIP fund utilization

🔄 What Changed
Underutilization of working capital and inorganic growth funds versus original allocations

💡 Investor Takeaway
Shareholders should note significant underuse of raised capital for intended strategic purposes.

Zen Technologies disclosed a deviation in fund utilization for its August 2024 QIP, where only 10.00 crores were used for working capital versus the original 410.00 crores allocation, while inorganic growth funding saw partial use of 171.42 crores against a 350.00 crore target, and general corporate purposes used 131.21 crores of the 19.51 crore allocated, reflecting significant underutilization of capital across key strategic categories.

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About Zen Technologies Limited (ZENTEC)

Capital Goods · Aerospace & Defense · Listed on NSE

Market Cap: ₹14,039.25 Cr P/E: 62.0

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🔥 Also filed on 25 July 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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