Interim report
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October 31, 2026 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Symbol: ZENTEC To, Dept. of Corp. Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip Code: 533339 Dear Sir/Madam, Sub: Outcome of Board of Directors Meeting This is to inform that , the Board of Directors of the Company at its meeting held today i.e., Saturday, October 31, 2026 has inter-alia, considered and approved the following: A) Standalone and Consolidated Unaudited Financial Results for the second quarter and half year ended September 30, 2026. Pursuant to Regulation 33(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 , t he statement of aforesaid Unaudited F inancial Results along with the Limited Review Reports issued by the Statutory Auditors are enclosed as ‘Annexure A’. B) Voluntary strike-off of Zen Medical Technologies Private Limited, a wholly owned subsidiary of the Company, subject to the approval of relevant regulatory authorities. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as ‘Annexure B’. The meeting of Board of Directors was commenced at 11:30 a.m. (IST) and concluded at 04.18 p.m. (IST). This is for your kind information and records. Thanking you Yours faithfully, For Zen Technologies Limited Sourav Dhar Company Secretary & Compliance Officer Encl: As above ~ZEN being there ... TECHNOLOGIES WORK: Plot No. 36, Hard ware Park, Near Sham shabad International Airport, Hyderabad - 501 510, Telangana , India ■ ' . CERTIFIED ISO 9001:2015, AS 9100D :2016, ISO 27001 :2022, CMMI ML5 0 Registered Address: B- 42, Indust rial Estate, Sana th Nagar, Hyderaba d- 500 018, Telanga na, India . 8 +91 40 23814894/3281/289 4/3294 I €) +91 40 23813694/4894 G info @zentech nolog ies.com I @ www.zen.in Corporate Identity Number: L72200TG1993PLC015939 m a\ppl ol1o1 • 1 ◄ te 1 t cx,,e ,1. 2028
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Zen T ~~hnoloa,les Umiet.d 8 -42 Industrial E.!t11.1e. Sanathn1gar Hyderabad -500 018 1 Te.lanstana, India CIN:L72200TC l 993PLCOl 5939 Statement of Un-A udited Consolidatrd Fin1nc.lal Results for Quarter & Hair ytar eftdt.d JO Mp 2026 (Rs, In laklul Quartt r rndi:d Quaarter e:ndcd Qu.retr •nded 11•11 v .. r F.ndtd Hill v .. r F.ndtd Vear ended SNo Partlc:ulars 30 S<p 2026 30 Jun 2026 30 S<p 2025 30 S<p 2026 30 Sep 2025 J I Mar 2026 (Un Audiltd } (Un Audilt dl (Un Audited) (Un Audited) (Un Audited) Audlled I a) Rc-.,cnuc from Operations 34,513.26 14,163.84 17,357.31 48,677.10 33,179. 18 68,769.00 b) 0 1hcr Income I 671.24 I 9 15.64 2,530.67 3,586 .88 4,709.7 1 8,542.16 Tolal lnt'0mt 36, 184.50 16,079.48 19,887.98 52,263 .98 37,888.89 77,311.16 2 E1pcnSH (•) CoSI ofma1cria ls Consumed 14.401.4Y S,427.13 5.293.44 22,828.62 8,206.44 18,530.46 (b) Changes in invc-mon es or finished goods, (5,838.21) (44 1.12) (8,913.12) 449.37 work-in-progn:ss and Stock-in-Trade (3,074.91) (1,982.77) (c) Manufacturing Expenses 1,563.54 1,251.05 1.465.38 2,814.59 2,202.99 4,531.73 (d) emp loyee bcnctits cxpcns\j 4,468.18 3,446.87 2,184.15 7,915.05 5,360.67 12,694.38 (c) Finance costs 113.13 109.23 203.84 222.36 550.33 1,027.07 (f) Depreciatio n and amortization expcm,c 872.63 785.75 571.26 1,658.38 1,205.49 2,438.69 (g) Other expenses 3,955.7 1 3,004.6 1 2,380.67 6,960.32 4.014.53 10,271.09 Toi.Ill ·~:l(k'nSts (ii tug) 22,299.77 11,186.43 11,657.62 33 486.20 21,989.82 47.5 10.65 Pront/(lo!is) IJefore Shue or Proflt/(Lou) or AuoclMles and 3 Joint Venture , ucep tiona l items a nd tax (J .. 2) 13,884.73 4,893.0S 8,230.JS 18,777.78 15,899.07 29,800.51 4 Share or Profit/(Loss) of Associates and Joint Venture ( l lS.48) (JO.IS) (11.27) (145.63) (58.82) (230.63) S Pront I {Loss) b<for. n c<pllo nal hon15& Tu (3+4) 13,769.25 4,862 .90 8,219.09 18,632.15 15,840.25 29,569.88 6 Exceplional Items (337.15) 94.24 (337.15) 94.24 94.24 7 Profit I (Loss) before Tu (S-+f>) 13,769.25 4,525.75 8.313.JJ 18.295.00 15,934.49 29,664.12 8 Tax expenses (i) Current lax 3,653.05 1,493.JJ 2,080.28 5,146.38 4,128.99 7,SJ7.SO (it) Prior period tu. 0.49 59.88 (9.54) 60.37 (9.54) 400.46 (iii) Deferred tax (72.62) (212.40) 52.13 (285.02) 317.08 (66.36) Tot ■ l lu 3,580.92 1,340.8 1 2,122.87 4,921.73 4,436.53 7,87 1.60 9 N<t l'rofil for the p<rlod (7-8} 10,188.33 3,184.94 6,190.46 13,37.l .27 I 1,497.96 21,792.52 Allrlbul•ble to: SharchokJcrs o f llu.: Company 8,954.09 3,446.10 5,939.90 12.400 .19 10,71S.16 19,345.19 Non Controlling imcrcM 1,234.24 (26 1.16) 250.57 973.08 782.80 2,447.33 t0 Other comp rehe nsh•r lnconw a) (i) ltcn~ that will not be recla\.,ificd to profit or loss (41.39) (1.89) 59.53 (43.28) 74.86 132.45 (it) Income tax rcla1ing to i1ems that will not be reclassified lo profit or loss 7.48 2.96 (2 1.46) 10.44 (24.73) (33.24) b) (i) 11cms that will be rcclas>ifo.-d to profit or loss 92.86 30.77 (72.92) 123.63 145.57 952.71 (ii) Income tax relating, to items 1hat will be reclassi fied to profi1 or Jou (24.90) (6.5 1) 16.8 1 (31.4 1) (37.76) (236 .27) Total ot her comp r~hcculvie ln,comc/(1011) ae f or tu: 34.05 25.JJ ( 18.03) 59.38 157.94 815.65 11 Total Comprehen1lve income/(1011) (9+ 10) 10,222.38 3,210.27 6,172.42 13,432.65 11,655.89 22,608.17 Allribulablc to: Shareholders or the Company 8,988.13 3,471.42 5,92 1.88 12,459.SS 10,873.10 20,170.35 Non Controlliny i111crcst 1,234.25 (26 1.15) 250.57 973.10 782.80 2,437.82 12 Paid-up Equit y Share Capital 902.90 902.90 902.90 902.90 902.90 902.90 (Re.I/- per Equity Share) 13 Olher Equity excluding Non-contro lline lnt•rost 1,88,003.26 14 Earnings per share {Face Value of tu.II- each) (a) Dasie (In Rs.) 9.97 3.83 6.61 13.80 11.92 21.52 \b) Dilutod (In Rs.) 9.97 3.83 6.61 13.80 11.92 21.52 (Not AMualised) (Not AN>ualistd) (Not Anooalised) {Not Annualis<d) (Not Annualis<d) ( Annualised ) 15 Weighted aver age equity sha res used in compul ing earnings per •qulty share Dasie 8.98.34.442 8.99, 14.628 8,99,03.706 8,98,74.3 16 8,98,99.830 8,99,09,784 Diluted 8,98.34 442 8 99, 14,628 8.99.03,706 8 98,74,316 8,98,99,830 8,99,09,784
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Zen Technologies Limited CIN:L72200TGl993PL COl5939 Consolidated Balance Sheet as at 30 Sep 2026 (All amounts in Indian Rupees in lakhs, unless otherwise stated) S.No Particulars As at As at 30 Sep 2026 31 Mar 2026 Un- Audited Audited I ASSETS ( I) Non-current assets (a) Property. Plant and Equipment 16,734.00 13,693.69 (b} Capital work-in-progress 1,942.03 1,333.88 ( c) Right-of-use asset 1,943.00 1,632.84 (d) Goodwill 7,638.36 7,638.36 ( c) lntangible assets 851.22 889.05 (f) Intangible assets under development 27.00 2 10.00 (g) Investments in equity accounted associates and joint venture 477.03 622.40 (h) Financial assets (i) Investments 0.06 0.06 (ii) Loans 4.89 5.86 (iii) Other Financial Assets 15,835.79 32,276.95 (i) Deferred Tax Assets(Net) 823.88 742.40 (j) Other non-current assets 2,725.83 1,559.84 49,003.09 60,605.33 (2) Current assets (a) Inventories (b) Financial assets 34,258.59 18,8 18.61 (i) Trade receivables 47,888.35 22,400.64 (ii) Cash and cash equiva lents 26,000.37 7,893.72 (iii) Bank balances other than (ii) above 32,250.38 27,579.45 (iv) Loans 3.25 6.92 (v) Other financial assets 30,463.22 69,759.77 (c) Current Tax Assets (Net) 9 18.22 686.12 ( d) Other current assets 11,105.60 8,271.75 1,82,887.98 1 ,55,416.98 Total Assets 2,31,891.07 2,16,022.3 1 11 EQUITY AND LIABILITIES Equity (a) Equity Share Capital 902.90 902.90 (b) Other Equity 1,97,915.44 1,88,003.26 Equity attributab le to equity holders of the parent 1,98,818.34 1 88,906.16 ( c) Non-controlling interests 6 975.30 6,002.24 Tota l Equity 2,os, 793.64 1,94,908.40 Liabilities {I) Non-current liabili ties (a) Financial Liabilities (i) Borrowings 134.13 140.86 (ii) Lease liabilities 1,502. 11 967.44 (iii) Deferred Govt.Grant 15.00 15.00 (b) Provi.sions 1,533.76 1,291.38 (c) Deferred Tax Liability 294.86 477.45 (d) Other Non-Current Liabilities 690.59 675.26 4,170.45 3,567.39 (2) Current liabilities (a) Financial Liabilities (i) Borrowings 449.34 197.37 (ii) Lease Liabilities 779.63 546.07 (iii) Trade payables Dues to micro enterprises and small enterprises 2,277.52 1,738.45 Dues to credi tors other than micro and small enterprises 3,304.33 3,194.41 (iv) Other Finan cial liabilities 1,579.86 1,747.54 (b) Provisions 4,170.98 1,9 12.46 (c) Other current liabilities 9,260.40 7,841.16 ( d) Current Tax Liabilities (Net) 104.92 369.06 21,926.98 17,546.52 Total E uit and Liabilities 2,16,022.31
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Zen Technologies Limited CIN:L72200TGl993PL C0IS939 Consolidated Stateme nt of Profit and Loss for the half year ended 30 Sep 2026 (All amounts in Indian Rupees in lakhs, unless otherwise stated) S.No Particulars I Income Revenue from operations Other Income Total Income 2 Expenses Cost of Materials and Components consumed Changes in inventories of finished soods, work-in-progress and stock-in-trade Manufacturing expenses Employee benefits expense Finance Costs Depreciation and Amor1ization Expense Other expenses Total Expenses 3 Profit/(loss) before Share of Profit/(Loss) of Associates and Joint Venture, exceptional Items and tax (1-2) 4 Share of Profit/(Loss) of Associates and Joint Venrure s Proflt / (Loss) before exceptional items& Tax (3+4) 6 Exceptional Items 7 Profit /(Loss) before tax (5+6) 8 Tax expense (i) Current tax (ii) Prior period tax (iii) Deferred tax Total Tax expense 9 Profit for th e year (7-8) l O Other Comprehensive Income Items that will not be reclassified to profit or loss Income tax relating to items that will not be reclassified to profit or loss Net other compr ehensive income not to be r eclassified to profit or loss In subsequent period s Items that will be reclassified to profit or loss Income tax relating to items that will be reclassified to profit or loss Net other compre hensive income to be reclassified to profit or loss in subsequent periods Othe r Compr ehens ive Income for the year , net of tax 11 Total Co mprehensive Income for the year (9+10) Profit/(loss) for the year is attribu table to: Equity holders of the parent Non-Controllins interests Ot her comprehensive lncomc/(loss) Is allrlbu tablc to: Equity holders of the parent Non-Con1r0Uing interests Total comprehen sive income is attribu table to: Equity holders of the parent Non-Controlling interests 12 Earning per Shore (Face Value of Rs.I/- Each) Basic earnings per share (In Rs.) Diluted earninits per share (In Rs.) For the Half yea r ended 30 Sep 2026 Un-Audit ed 48,677.10 3,586.88 52,263.98 22,828.62 (8,9 13. 12) 2,814.59 7,915.05 222.36 1,658.38 6,960.32 33,486.20 18,777.78 ( 145.63) 18,632.1S (337.15) 18,295.00 5, 146.38 60.37 (285.02\ 4,921.73 13,373.27 (43.28) 10.44 (32.84) 123.63 (31.41) 92.22 59.38 13,432.6S 12,400.19 973.08 59.36 0.02 12,459.55 973. 10 13.80 13.80 For the Year ended 31 Mar 2026 Audited 68,769.00 8,542.16 77,311.16 18,530.46 (1,982.77) 4,531.73 t2,694.38 1,027.07 2,438.69 10,271.09 47,5 10.6S 29,800.Sl (230.63) 29,569.88 94.24 29,664.12 7,537.50 400.46 (66.36) 7,87 1.60 2 1,792.52 132.45 (33.24) 99.21 952.7 1 (236.27) 716.44 81S.65 22,608.17 19,345.19 2,447.33 825.16 (9.51) 20,170.35 2,437.82 21.52 21.52
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Ztn Tethnologiet Umited CIN:L72200TGl993PLC015939 Consolldat•d Statement or Cashflows for !be h ■ ll yur ••dcd JO Sep 2026 (All amounts in Indian Rupel!S in lakhs, unless otherwise slated) for II>< Halfytar tnd<d for tht Ytartnd<d Particulars JO Sep 2026 JI Mar ZOZ6 Un-Audited Audited A. Cas h Flows from Openti•K Aclh•Ules Ntl pront bdort l ■ X l8,29 S.00 29,664.12 At(}u,wnents to reconcileprofl t before UL~ 10 nl!t ,.,,.thjlo'H's: Ocprcci11ion and amortizocion expense 1,6S8.38 2,438 .69 Share or profit and Loss from Associate & Joint Vcn1ure 14S.63 230.63 Profit on Sale of Propcrty,Plant and Equipment 0.03 19.92 Provision for Advance Written off 4 .09 Provision for impaimlCnl of advances 4.54 10.52 Provision for Warranty I.Q79.9S 132.31 Provision for contract workers 26.60 75.87 Provision for compensated Absences 36.M9 59.83 Exceptional i1cm 337.15 (94.24) Expcctod Credit loss allowance 16.44 37.93 Other non-cash items 12.83 42.14 Interest Income (3,503.97) (7,266.13) Finance Cost 52.88 688 .75 Interest on lease liabiliiy 33,11 78.15 Gratuity expense l«.38 222.73 Provision for Employee b<nfit <xp<nscs 29.60 100.25 Gain on Deregnisilion ofRO U Assets . (SM.24) Share Based Paymncls 432.98 379.21 Exchange fluctuation 67.20 17.61 Other Adjustments (3.93) 1.70 Optrallni: profit before working c.apila l thang,s 18,869.78 26,781.75 Cbaneu In Working Capita I (lncrcasc){Decrcasc in Trade Reccivnbles (24,917.75) 19,770.69 (lncrcase)/Oecrease in Other financial assets 265.65 (1,207.51) (lncrcascYDccrcasc in Inventories (15,725.70) (7,108.11) (lncrcasc)/Dccrcasc in Other Current Assets 1.399.73 (1,454.50) (lm:rt-11.Sc)/Dccrcasc in Other Non Current Assets (1,395.88) (928.57) (ln<rcase)/Dccrcasc in Other Non Current Financial Assets (1,637.09) (52 .57) (lncrcasc){Decrcase in Shon Tenn Borrowings 12.60 28.80 lncrcasc/( Occrcasc) in Trade Payables 647.47 1,913.60 lncl'casc/(Dccrcasc) in Other financial liabilllics (562.50) (349 .04) lncrcasc/(Dccrcosc) in Other Current liobili1ic:i (2,673.79) 704.82 lncrcasc/(Dccrcasc) in Other Non Currcnl liabilities 224.29 579.23 lncrcasc/( Dccrcasc) in Provisions 476.52 (5,425.32) Cuh gcoerat<d from /(us,d In) operating att ivltics (25 ,016.67) 33,253.27 Income lax paid 15.272.19) (8,792.93) Net C11h froml(u1td in) oprr1ling 1ctlvlties (A) (30.288 .86) 24,460.34 8. Cash nows from I nvc-,tioe Actlvitits Purchase ofpropcny, plo.n1 and equipment and CWll' (4,725.71) (5,881.28) Proceeds from sale of Prop<rty,Plant and Equipment 0.11 (43.59) Interest rcccivcJ 3.556.74 7,139.10 Capital Advances 253.50 (257.01) Loans ond Advances 804.3 1 (4.31) Caah a.nd caah equivalents includcJ In disposed subsidiary (207.19) Acquisition of Subsidiary Net of cash 0.00 (4,413.28) (Jncrcasc)/D ~-crcasc in Other Dank Balances 52,214.99 (12.482.43 Net Cash from/(ustd In) lnvc-11ing Attlvilles (B) 52, 103.94 116,149 .99) C. Cuh n o~·• from Financing Activities Procccds/( Rcpaymcnt) of Long tcnn borro win1i5 (800 .00) (5,213.44) Procccd.,/(Rcpa)1ncnt) of Short tcnn borrowings 83.65 1.17 Proceeds from Issue of Shares . 0.78 Purchase ofTrc:u.ury shares by Zen tcchnologica welfare 1rus 1 (2,136.66) . Issue of Treas ure Shares 52.65 85.SO Dividend paid (MYM.16) (1,798 .09) Finance costs paid (98.64) (300.52) Principa l portion of1hc lease liability 88.73 (607.43) Net Ca.sh frontl(u..scd ln) Fin•ndng Ac-tlvilics (C) (J,70M.4J) (7,832.03) Net lncreHe In cuh and cas h e.qulv•lentt (A-f-U-4-C) 18,106.6' 478.JZ Cash and Cash equivalents at the beginning of the year 7,893.72 7,415.40 Cuh a nd Cash eoulnle.nt:s ■ t the t"nd or the vc■ r 16 000.37 7,1193,72 a) The above Cash Flow Stotcmcnt has been prepared under the "Indirect Method" as set out In the Indian Accounting Standard (Ind AS-7). Sta1cmen1 of Cash Flows. b) Cash nnd Cash ea uivalcnts include followini!. for the Cash flow nurnnsc t·or U1t H■ U ytar t!Kkd 1-~or Ille Yt1r tadtd JO S.p 1016 JI M ■r 1111 Un-Audlltd Audlltd Cash and Cash Equlvalenls as per Balance st.eel 16,000.37 7,893.72 Ltss: OD/CC accounts fonnina pan or Cash & Cash Equivalents Cub and Cash Equlvalt nl• for th< Cash now ,111cn1<nl 26,000.37 7,893.72
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Notes to the Consolidated Un-Audited Financial Results for the Quarter and Six months ended 30 September 2026 I. The above Un-audited Consolidated Financial Results of Zen Technologies Limited ('the Compa ny') and its subsidiaries (collectively "the Group") have been prepared in accorda nce with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with relevant rules issued thereunder , other account ing principles genera lly accepted in India and guidelines issued by the Securities and Exchange Board of India ('SEBI ' ). 2. The aforement ioned results have been reviewed and recommended by the Audit Committee and subsequent ly approved by the Board of Directors al its meeting held on 31 October 2026. 3. The entire operations of the Group relate to only one segment viz., Defence and Homeland. Hence segmenta l reporting as per Ind AS 108 is not made. 4. The value of the orders on hand for the Group as at 30 September 2026, is Rs.1,375.70 Crores . 5. During the quarter ended 30 September 2026, the Group has transferred 6,440 equity shares of face value of Re. 1/- each, to the eligible employees of the Company , to whom the grants were issued earlier under Zen Technologies Limited Employee Stock Option Plan-2021 ("the Scheme"), from Zen Techno logies Limited Employees Welfare Trust established for the purpose of implementing the scheme, upon completion of respective vesting period as may be applicable as per the scheme. 6. In the consolidated financial statements, the Group had adopted the policy of consolidat ing the ESOP Trust ("the Trust") with the consolidated financial results of the Group. Consequently the loans and advances of the ESOP Trust have been eliminated in these consolidated financial results and the investment in own shares of the Group held by the Trust arc disclosed as treasury shares in "Other Equity". 7. Conseque nt to accounting for treasury shares in the Standa lone financial statements, the weighted average number of shares cons idered for computation of earnings per share (EPS) has reduced. 8. During the quarter ended 30 September 2026, the Group has purchased 58, 189 equity shares of the Company from the secondary market for a total consideration of Rs. 9.59 Crores, for the purpose of implementation of the Employee Stock Option Plan-2021 ("the Scheme"). 9. On 18 October 2026, certain fixed assets and inventory of Unistring Tech Solutions Private Limited, a subsidiary company, was damaged in a fire incident, with a preliminary estimated loss of approximately Rs. 4.00 Crores. The affected assets are covered under an insurance policy, and the claim has been intimated to the insurer. The final quantum of loss and the recoverable amount are pending the surveyor's assessment. The incident has been treated as a non-adjusting event under Ind AS IO in these consolidated financial statements. I 0. Subseque nt to the quarter end, on 17 October 2026, the Board of Directors of the Holding Company approved the acqu isition of 5 I .98% of the equity share capital of Cogknit Semant ics Private Limited for a consideration of Rs. 135.15 Crores . Upon completion of the transaction, Cogkn it Semantics Private Limited will become a subsidiary of the Holding Compa ny and will be consolidated in the Group's financia l results from the date of acquisition. The transaction is pending comp letion, subject to fulfilment of customary conditions precedent.
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11. The list of subsidiaries and assoc iates consolidated in these financial statements are given below: S. No. Name of Entity • I. Unistring Tech Solutions Private Limited 2. Applied Research lntemati onal Private Limited 3. ARI Labs Private Limited 4. Vector Technics Private Limited 5. Zen Technologies USA, inc 6. Zen Defonce Technologies L.L.C, UAE 7. TISA Aerospace Private Limited 8. Zen Medical Techno logies Private Limited 9. Anawave Systems and Solutions Private Limited 10. AiTuring Technolo gies Private Limited 11. Bhairav Robotics Private Limited Place: Hyderabad Date: J I October 2026 Relationship Subsid iary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Assoc iate Associate Chairman an Managing Dir, DIN : 00056050
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~ RAMASAMY KOTESWARA RAO AND CO LLP CHARTERED ACCOUNTANTS IND I A INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED UNAUDITED FINANCIAL RESULTS To The Board of Directors Zen Technologies Limited 1. We have reviewed the accompanying Statement of consolidated unaudited financial results of Zen Technologies Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its associates and joint venture for the quarter and six months ended September 30, 2026 (the "Statement") being submitted by the Parent pursuant to the requirement s of Regulation 33 of the SEBI (Listing Obligations and Disclo sure Requirements) Regulations , 2015, as amended (the "Listing Regulations") . 2. This Statement, which is the responsibility of the Parent' s Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("lnd AS 34"), prescribed under Section 133 of the Companies Act, 20 I 3 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations . Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement s (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of lndia (lCAI). A review of interim financial information consists of making inquiries , primarily of Parent 's personnel respon sible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companie s Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly , we do not express an audit opinion. We also performed procedure s in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended, to the extent applicabl e. SRI RAMCHANDRAARCADE , D.No.8-2-293/82/Jlll /573/M/ 1st Floor Road No.82 . Jubilee Hills . Hyderabad - 500096 . Ph: 23394982 /85 ' E-mail: rkandco@gmail.com, Website : www.rkandco.in •
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RAMASAMY KOTESWARA RAO AND CO LLP CHARTERED ACCOUNTANTS Continuation Sheet .... 4. The Statement includes the results of the following entities: Sr. Relationship with the Holding No. Name of the component ____ Company I Zen Technologies Limited, India Parent 2 Unistring Tech Solutions Private Limited, India Subsid iary 3 Zen Techno logies Inc., USA Wholly owned subsidiary 4 Zen Medical Technolog ies Private Limited, Wholly owned subsidiary India 5 Zen Defence Techn ologies L.L.C, Abu Dhabi Wholly owned subsidiary 6 Vector Technics Private Limited, India Subsidiary 7 TISA Aerospace Private Limited, India Subsid iary 8 Anawave Systems & Solutions Private Limited, Subsidiary India 9 Applied Research internationa l Private Limited, Wholly owned subsidiary India 10 ARI Labs Private Limited , India Wholly owned subsidiary 11 Applied Research Internatio nal USA Inc., USA Wholly Owned Subsidiary of (9) above 12 AR1 (Applied Research International) Pte. Ltd., Wholly Owned Subsidiary of (9) above Singapore 13 KIC Solutions Co., Ltd, South Korea Joint Venture of (9) above 1 14 Aituring Technologies Private Limited, India Associate 15 Bhairav Robotics Private Limited, India Associate 5. Based on our review conducted and procedur es performed as stated in paragraph 3 above and based on the consideration of the review report s of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in acco rdance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other acco unting principles genera lly accepted in India , has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEB I (Listing Obligations and Disclosure Requirements) Regulations, 20 15, as amended , including the manner in which it is to be disclosed, or that it contai ns any materia l misstatement. 6. We did not review the interim financial information of four subsidiaries included in the consolidated unaudited financial results, whose interim financia l information reflect total revenue s of Rs. 16,321 .37 lakhs and Rs.22,203.78 lakhs (before conso lidation adjustments) for the quarter and six months ended 30 September 2026, tota l net profit after tax of Rs.2, 750.92 lakhs and Rs.3, 160.66 lakhs (before conso lidation adjustments) for the quarter and Six months ended 30 September 2026, total comprehensive income of Rs.2,699.29 lakhs and Rs.3, 13 1.3 I lakhs (before conso lidation adjustments) for the quarter and Six months ended 30 September 2026, and total assets Rs.45,661.81 lakhs (before consolidation adjustments) as on 30 September 2026 as considered in the Statement. This interim financial information has been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures included in respect of these subsidiaries are based solely on the reports of the other auditors and the procedures perform ed by us as stated in paragraph 3 above . Our conc lusion on the Statement is not modified in respect of these matter s
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RAMASAMY KOTESWARA RAO AND CO LLP CHARTERED ACCOUNTANTS Continuation Sheet .... 7. The consolidated unaudited financial results whose interim financial information reflect total revenues of Rs.366.76 lakhs and Rs.430.87 lakhs (before consolidation adjustments) for the quarter and Six months ended 30 September 2026, total net profit/(loss) after tax of Rs.(218.64) lakhs and Rs.(363.47) lakhs (before consolidation adjustments) for the quarter and Six months ended 30 September 2026, total comprehensive income/(loss) of Rs.(199.67) lakhs and Rs.(334.77) lakhs (before consolidation adjustments) for the quarter and Six months ended 30 September 2026, and total assets of Rs. I 0,871.37 lakhs (before consolidation adjustments) as on 30 September 2026 as considered in the Statement, in respect of seven subsidiaries, an associate, a joint venture and a branch, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management , these interim financial information are not material to the Group. Our Conclusion on the Statement is not modified in respect of our reliance on the interim financial information certified by the Management. Place: Hyderabad Date: 31-10-2026 For Ramasamy Koteswara Rao and Co LLP Chartered Accountants !CAI Firm Registration Number: 010396S/S200084 Murali Krishna Reddy Telluri Partner Membership No: 223022 UDIN: 2-G 2. 2-3 O ~ Z--5 J E FD FIO=t-O
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Z...n T1:dmologies Llmltt!d B -42 )ndustrhtl Esh1te, Sanathua ~ar Uyderalu•d .. 500 018, Tdaua:aua, lndi ■ CIN:L72200TG l993PLC0 l 5939 Statement uf Uo-Audilt:d S11111n.lalune Finandal Results for Qu.r1rr & Half vur ended 30 Seu 2026 (Rs, In laklu) Quarter ended Quarter ended Quarttr ended Half Year Ended Hair Ye■ r Ended Year Ended S.No P»rticu l11rs 30 Sep 2026 30 Jun 2026 30 Sep 2025 30 Sep 2026 30 Sep 2025 3 1 Mar 2026 /Un Audit ed) (Un Audited) run Audit ed) (Un Audited) (Un Audited) Audited I Income Revenue from operations 30,924.98 10,295.74 12,465.34 4 1,220.72 23,57 1.13 42,376.70 Other income 1,450.08 1,751.78 2,299. 16 3,201.86 4,288.07 7,716.98 Total Income 32,375.06 12,047.52 14,764.50 44,422.58 27,859.20 50,093.68 2 Expenses a) Cost of materials and components consumed 18,236.06 _6,843.71 6,240.47 25,079.77 11 ,493.85 18,493.83 b) Changes in inventories of finished goods. work-in-progress ond stock-in-trade (2,929.61) (3,309.86) (639.76) (6,239.47) (907.40) (2,604.23) c) Manufacturing expenses 502.77 408.30 364.JI 91 1.07 531.01 1,383.99 d) Ernployee benefits expense 2,198.82 1,578.1 1 1.078.29 3,776.93 2,410.8 1 5,62 1.02 e) Finance costs 52.08 52.54 42.72 104.62 180.94 343.10 O Depreciation and nmonization expense 5 17.47 470.39 332.42 987.86 639.61 1,369.24 g) Other expenses 3,188.94 1,953.38 1.242.38 5,142.32 2,058.52 5,879.6 1 Total Expenses( • log) 21,766.53 7,996.57 8,660.83 29,763. 10 16,407.34 30,486.56 3 Profi t/(L oss) before exceptional items & tax (1-2) 10,608.53 4,050.95 6,103.67 14,659.48 11,451.86 19,607.12 4 Exceptio nal items 5 Profit/(Loss) before tax (3+4) 10,608.53 4,050.95 6,103.67 14,659.48 11,451.86 19,607.12 6 Tax expense (i) Current L'IX 2,888.00 1,151.00 1.370.00 4,039.00 2,706.00 4,237.00 (ii) Deferred tax (198.02) (21.33) I 17.51 (219.35) 417.81 254.55 (iii) Prior period tax 0.05 0.05 - 530.30 Tota l tax 2,689.98 1,129.72 1,487.51 3,819.70 3,123.81 S.oll.85 7 Net Profll/ (Loss) for the period (5-6) 7,918.55 2,921.23 4,616.16 t0,839.78 8,328.05 14,585.27 8 Other Comprehensive Income a) (i) Items that will not be reclassified to profit or loss 46.80 (28.41) (23.37 ) 18.39 (23.70) 13.84 (ii) Income lll.X relating to items that will not be reclnssified to profit or loss (11.78) 7.15 5.88 (4.63) 5.97 (3.48) b) (i) llcms that will be reclassified to profit or loss (11.74) 17.26 (95 .47) 5.52 45.86 47.07 (ii) income tax relaling to items that will be reclassified to profit or loss 2.95 (4.34) 24.03 (1.39) ( 11.54) (1 1.85) Tot al Ot her Comprehen sive Income/(l.ou) net of tu 26.23 (8.34) (88.93) 17.89 16.58 45.58 9 Total Comprehensive Income for the period (7+8) 7,944.78 2.912.89 4,527.23 10,857.67 8.344.62 14,630.85 10 P•id-up Equity Share Capitol 902.90 902.90 902.90 902.90 902.90 902.90 (Re. I/- per Equity Share) 11 Other Equity 1,81,293. 15 12 Earni ng pt!r share (Face Value of Rs. I/- each) (a) Basic (In Rs.) 8.81 3.25 5.13 12.06 9.26 16.22 (b) Diluted (In Rs.) 8.8 1 3.25 5.13 12.06 9.26 16.22 (Not Annualised) (Not Annualise d) (Not Annualised) (Not Annualised) (Nol Annualised) (Annual iscd) 13 Weight ed ave rage equit y shares us,.-d In computin g o rnin gi per ct1uil)• share Basic 8,98,34,442 8,99, 14,628 8,99,03, 706 8,98,74,3 16 8,98,99,830 8,99,09. 784 Dilut~d 8,98,34,442 8,99, 14,628 8,99,03,706 8,98,74,3 16 8,98,99,830 8,99,09, 784
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Zen Technologies Limited CTN: L 72200TG 1993PLC015939 Standalone Balance Sheet as at 30 Sep 2026 (All amounts in Indian Rupees in lakhs, unless otherw ise stated) S.No Particulars As at As at 30 Sep 2026 31 Mar 2026 Un-Audited Audited Assets Non-current assets (a) Property,Plant and equipment 14,284.44 11 ,982.12 (b) Capital work-in-progress 1,834.44 1,301.93 (c) Right-of-use asset 719.16 431.06 (d) Other Intangible assets 348.28 414.64 (e) Intangible assets under development 27.00 210.00 (f) Financial assets (i) Investments 28,387.84 28,387.84 (ii) Loans 1,000.00 800.00 (iii) Other financial assets 12,658.4 1 29,002.00 (g) Deferred Tax Assets(Nct) (h) Other non-current assets 1,503.65 94.3 1 Total Non-Current Assets 60 763.22 72,623.92 n Current assets (a) Inventories 16,548.95 8,394.17 (b) Financia l assets (i) Trad e receivab les 4 1,264.65 13,172.88 (ii) Cash and cash equivalents 23,139.99 2,897.05 (iii) Banlc balances other than (ii) above 22,698.17 19,387.66 (iv) Loans 0.80 5.10 ( v) Other financial assets 25,672 .24 65,79 1.97 (c) Current Tax Assets 869.96 681.06 (d) Other current assets 13,867.61 10,477.17 Total Current Assets 1,44,062.37 1,20,807 .06 Total Assets (I + 11) 2,04,825.59 1,93,430.98 I EQUITY AND LIABILITIES Equity (a) Equity Share Capital 902.90 902.90 (b) Other Equity 1,89,603.44 1,81,293. 15 Total Equity 1,901506.34 1,82! 196.05 n Liabilities Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii) Lease liabilit ies 387.68 157.25 (iii) Deferred Govt.G rant 15.00 15.00 (b) Provisions 466.70 360.16 (c) Deferred tax liabilities (Net) 80.39 293.72 Total Non-Cu rrent Liabilities 949.77 826.13 Current liabilities (a) Financial Liabilities (i) Bmrnwin gs (ii) Lease liabilit ies 143.67 66.63 (iii) Trad e payables (A) Total outstanding dues of micro enterprises and small enterprises 657.53 779.28 (B) Total outstanding dues to creditors other than micro and small enterprises 672.3 1 1,407.20 (iv) Other Financial liabilities 1,011.10 1,1 15.63 (b) Other current liabilities 7,417.20 5,954.2 1 (c) Provisions 3.467 .67 I 085.85 Total Current Liabilities 13,369.48 10,408.80 Total Equity and Liabilities (1 + II) 2,041825.59 1,931430.98
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Zen Technologies Limit ed CIN :L 72200TGJ 993PLCO 15939 Standalone Statement of Profit a nd Loss for the Ralr Year ended 30 Sep 2026 (All amounts in Indian Rupees in lakhs, unless otherwise stated) S.No Particulars Income Revenue from Operations Other Income Total Income 2 Expenses Cost of Materials and Components consumed Changes in inventories of finished goods, work-in-progress and stock-in-trade Manufacturing expenses Employee benefits expense Finance Costs Depreciation and Amortization Expense Other expenses Total Expenses 3 Profit/(Loss) before Clccptional items and tax(I - 2) 4 Exceptional Items S Profit /(Loss) before tax (3-4) 6 Tax expense (i) Current tax (ii) Deferred tax (iii) Prior period tax Tota l Tax expense 7 Profit for the year (5~) 8 Other Comprehensive Income hems that will not be reclassified subsequently 10 statement of profit or (loss) Income tax relating to items that will not be reclassified to profit / loss Items that will be reclassified subsequently to statement of profit or (loss) Income tax relating to items that will be reclassified to profit / loss Tota l Other Compre hensive Income , net of tax 9 Total Comprehensiv e Income for the year (7+8) 10 Earning per Share (Face Value of Rs. I/- Each) Basic earnings per share (In Rs.) Diluted earnings per share (In Rs.) For the Half year ended For the Year ended 30 Sep 2026 31 Mar 2026 Un Audi ted Audited 41,220.72 42,376.70 3,201.8 6 7,716.98 44,422.58 50 093.68 25,079.77 18,493.83 (6,239. 47) (2,604.23) 9 11.07 1,383.99 3,776.93 5,621.02 104.62 343.10 987.86 1,369.24 5, 142.32 5,879.6 1 29,763.10 30,486.56 14,659.48 19,607. 12 14,659.48 19,607.12 4,039.00 4,237.00 (2 19.35) 254.55 0.05 530.30 3,819.70 5,021.85 10,839.78 14,585.27 18.39 13.84 (4.63) (3.48) 5.52 47.07 {1.39} { 11.85} 17.89 45.58 I0,857.67 14,630.85 12.06 16.22 12.06 16.22
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Zen Technologi es Limi ted C IN:L72200T C l993PLC0l59 39 Standalone Sta tement or Cashflows for the hair year end ed 30 Sep 2026 (All amounts in Indian Rupees in lakhs, unless otherw ise stated) Particulars A. Cash Flows from Operating Activities Net pro fit befor e hu Adjus1me111s to rcco11cile pro/ii beJOre tax to net cashjlows: Depreciation and amortization expense Provision for Doubt ful advances on other asselS Provision for i111paim1cnt of investments Expected Credit loss allowance lnlerest Income Finance Cost Interest on lease liability Gratuity expense Provision for Emp loyee bene fit expenses Share based Payment Expenses Foreign Exchange (Gain)/Loss Provision for Warranties Provision for Contract workers Operating profit before working capital changes Changes in Working Capital (lncrease)/Decrcase in Trade Receivables (lncrease)/Oecrease in Other financia l assets (lnc rease)/Oec rease in Inventories (lncrca se)/Dccrea sc in O ther Curren t Assets (lncrease)/Decreasc in Other Non Current Assets (lncrease)/Oec rease in Other Non Current Financial Assets lncrease/(Dec rease) in Trade Payables lncrc3sc /(Dccrca sc) in Othe r fin::U1cial liabilitie s lncrease/(Decreuse) in Othe r Current liabilities lncrease/(Oecrcasc) in Provisions Income tax paid Net Cash from/(uscd in) operating activities (A) B. Cash nows from In vestin g Acti vities Purchase ofprope n y, plant and equipment and CWIP Sale of Fixed Assets Purchase oflnvcstmcnls Interest rl!ceive<l Loan given to Subsidia1y (lncrease)/Decrease in Other Bank Balances and fixed deposits Net Cash Used In lovestinE Activities (B) C. Cash nows from Financing Activities Proceeds from/(Repayment of) borrow ings (net) Purchase of Treasury shares by Zen technologies welfare trust Proceeds from Issue of Employee Stock Options Dividend paid Principal Payment of Lease Liabilities Interest on Lease Liabilities Finance costs paid Net Cub From Financing Activities (C) Net Jn crcasc in cash a nd cash equ iva lents {A+ U+C) Cash and Cash equivalents at the beginning of the year Cash and Cash equivalents at the end or the year For the Hair year ended For the year ended 30 Sep 2026 3 1 Mar202 6 Un Audit ed Audited 14,659 .48 19,607.12 987.86 1,369.24 4.54 37.70 (2.30) (8.00) (3,133.25) (6.698.81) 90.06 2.94 14.95 74.81 127.44 29.60 100.25 432.98 379.21 (52.30) (859.53) 1,080.70 124.81 26.60 75.87 14,111.66 14,360.31 (28,037. 16) 25,534.27 156.04 122.86 (8, 154.78) (3,292.35) (3,390.44) (5,726.29) (1,409.34) 6 1.69 ( 1,637.09) (52.57) (851.13) 1,053.18 ( 134. 13) (334.65) 1,462.98 1,459.00 1.324.64 (4.736.66) (26,558.75) 28,448.79 (4,227.94) (5,597.90) (30,786.69) 22,850.89 (3,513.7 4) (4,550.24) 15.94 (6,576.48) 3,133.25 6,698.81 (195.69) (804.31) 54,631.11 (11.134.44) 54,054.93 ( 16,350.72) 1 (5, 177.37) (2,136.66) 52.65 85.50 (898. 16) (1,798.09) (40.19) 11.14 (2.94) (14.95) (133.05) (3,025.30) (7,026.82) 20,242.94 (526.65 ) 2.897.05 3.423.70 23,139.99 2,897.05 a) The above Cash Flow Stateme nt has been prepare d under the "' Indirect Method·· as set out in the Indian Accounting Standard (Ind AS-7) - Stateme nt of Cash Flows. b) Cash and Cash equivalents include following for the Cash now purpose Cash and Cub Equivalent s as per llalance sheet Less: OD/CC accoun ts forming part of Cash & Cash Equivalents Cash and Cash Equivalents for the Cash now statemont For the Hair year ended 30 Sep 2026 Un Audited 23,139.99 23,139.99 For the yea r ended 31 Mar 2026 Audit ed 2,897.05 2,897.05
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Notes to the Standalone Un-Audited Financial Results for the Quarter and Six months ended 30 September 2026 I. The above Un-audited Standalone Financial Results of Zen Technologies Limited ('the Company') have been prepared in accordance with Indian Accounting Standards (Ind AS) prescr ibed under Section 133 of the Companies Act, 20 I 3 ("the Act") read with relevant rules issued thereunder , other account ing principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India ('SEBI'). 2. The aforementioned results have been reviewed and recommended by the Audit Comm ittee and subsequent ly approved by the Board of Directors at its meeting held on 31 October 2026. 3. The entire operat ions of the Company relate to only one segment viz., Defence and Homeland. Hence segmental reporting as per Ind AS I 08 is not made. 4. The value of the orders on hand at the standalone company level as at 30 September 2026, is Rs. 1,263.69 Crores. 5. During the quarter ended 30 September 2026, the Company has transferred 6,440 equity shares of face value of Re. 1/- each, to the eligible employees of the Company , to whom the grants were issued earlier under Zen Technologie s Limited Employee Stock Option Plan-2021 ("the Scheme"), from Zen Technologies Limited Employees Welfare Trust established for the purpose of implementing the scheme, upon completion of respective vesting period as may be applicable as per the scheme. 6 In the standalone financial statements, the Company had adopted the policy of consolidat ing the ESOP Trust, the related loan and advances appearing in the standalone financial statemen t of the Company were eliminated and investment in own shares of the Company held by the trust is shown as treasury shares in "Other Equity". 7 Consequent to account ing for treasur y shares in the Standalone financial statements, the weighted average number of shares conside red for computation of earnings per share (EPS) has reduced. 8 During the quarter ended 30 September 2026, Zen Technologies Employees Welfare Trust has purchased 58, 189 equity shares of the Compa ny from the secondary market for a total consideration of Rs.9.59 Crores, for the purpose of implementation of the Employee Stock Option Plan-2021 ("the Scheme") . 9 Subsequent to the quarter end, on 17 October 2026, the Board of Directors of the Company approved the acquisition of 5 l.98% of the equity share capital of Cogknit Semantics Private Limited for a consideration of Rs. 135. 15 Crores. Upon completion of the transaction, Cogknit Semantics Private Limited will become a subsidiary of the Compa ny. The transaction is pending completion, subject to fulfilment of customar y conditions precedent. Place: Hyderabad Date: 3 I October 2026
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CA( IND I A RAMASAMY KOTESWARA RAO AND CO LLP CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE UNAUDITED FINANCIAL RESULTS To The Board of Directors Zen Technologies Limited I. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Zen Technologies Limited ("the Company") for the quarter and six mont hs ended September 30, 2026 ("the Statement") , being submitt ed by the company pursuant to the requirement s of Regulation 33 of the SEBI (Listing Obligatio ns and Disclosure Requirement s) Regulation s, 20 15, as amended ("the Listing Regulations"). 2. This Statement which is the respo nsibility of the Company 's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement princip les laid dow n in Indian Accou nting Standard 34 "Interim Financia l Reportin g" ("Ind AS 34"), prescribed under Section 133 of the Compa nies Act, 20 13 as amended, read with relevant rules issued thereund er and other accou nting principles gene rally accepted in India and in com pliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engage ments (SRE) 24 10, " Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accoun tants of India (ICAI). A review of interim financial information cons ists of making inquiries, primarily of Company's personnel responsib le for financi al and acco unting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing spec i lied under Section 143( I 0) of the Companie s Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be ident ified in an audit. According ly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragrap h 3 above, nothing has come to our attention that causes us to believe that the accompany ing Statement, prepared in accordance with the recognition and meas uremen t princ iples laid dow n in the afo resaid Indian Accounting Standard and other accounting principles generally acce pted in Ind ia, has not disclosed the information req uired to be disclo sed in terms of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requir ements) Regulations, 2015, as amended , including the manner in which it is to be disclosed, or that it contains any material misstatement. SRI RAMCHANDRAAR CADE, D.No.8-2-293/82/J lll/573/M/ 1st Floor, Road No.82, Jubilee Hills, Hyderabad - 500096. Ph: 23394982/85, E-mail: rkandco@gmail.com, Website : www.rKandco.in
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RAMASAMY KOTESWARA RAO AND CO LLP CHARTERED ACCOUNTANTS Continuation Sheet .... 5. The Statement includes unaudited financial results of one branch whose interim financial results and other financial information reflect total revenues of Rs. Nil for the quarter ended 30 September 2026 and Six month s ended 30 September 2026 , total net profi t/(loss) after tax of Rs. 0.76 lakhs and Rs. ( 11.48) lakhs for the Quarter ended 30 September 2026 and Six month s ended 30 September 2026 and total comprehensive income/(loss) of Rs. (7.10) lakhs and Rs. (21.1 3) lakhs for the quarter ended 30 September 2026 and six months ended 30 September 2026, as considered in the Statement which have not been reviewed by their branch auditor. These unaudited financ ial results and other financial informati on of the said branch have been approved and furni shed to us by the management. Our conclusion on the Statement is not modified in respect of this matter. Place: Hyderabad Date: 3 I- I 0-2026 For Ramasamy Koteswara Rao and Co LLP Chartered Accountants ICAI Firm Registration Number: 010396S/S2000 84 ~ - Murali Krishna Reddy Telluri Partner Membership No: 223022 UDIN: U2..Ll D LL--7-"T L R 0£t, 15"0 -=7-
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Annexure B Disclosure under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 S.No Particulars Details 1) the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year Zen Medical Technologies Private Limited is a non -material subsidiary. For FY 2025 -26 Revenue from operations: Nil. Net worth: ₹37.97 lakh (0.02% of consolidated net worth ), as at March 31, 2026. 2) date on which the agreement for sale has been entered into Not Applicable 3) the expected date of completion of sale/disposal The strike -off may take 6 to 8 months, subject to approval of regulatory authorities. 4) consideration received from such sale/disposal Not Applicable 5) brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof Not Applicable 6) whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length” Not Applicable 7) whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations Not Applicable 8) additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale Not Applicable ~ZEN being there ... TECHNOLOGIES WORK: Plot No. 36, Hard ware Park, Near Sham shabad International Airport, Hyderabad - 501 510, Telangana , India ■ ' . CERTIFIED ISO 9001:2015, AS 9100D :2016, ISO 27001 :2022, CMMI ML5 0 Registered Address: B- 42, Indust rial Estate, Sana th Nagar, Hyderaba d- 500 018, Telanga na, India . 8 +91 40 23814894/3281/289 4/3294 I €) +91 40 23813694/4894 G info @zentech nolog ies.com I @ www.zen.in Corporate Identity Number: L72200TG1993PLC015939 m a\ppl ol1o1 • 1 ◄ te 1 t cx,,e ,1. 2028