ZENTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zen Technologies Ltd has filed its quarterly statement confirming no deviation or variation in the utilization of Rs. 979.51 crore raised through a Qualified Institutional Placement (QIP) in August 2024. The company raised Rs. 1,000 crore via QIP by issuing 62,46,096 equity shares at Rs. 1,601 per share. As of Q4 FY26, Rs. 410 crore has been utilized for working capital (full allocation), Rs. 171.42 crore for inorganic growth/acquisitions (partial utilization from Rs. 350 crore allocation), and Rs. 122.34 crore for general corporate purposes (partial utilization from Rs. 219.51 crore allocation). The funds are being monitored by CRISIL Ratings Limited.
Positive signal for shareholders as the company has properly utilized QIP funds with no deviations reported. The partial utilization for acquisitions and corporate purposes suggests ongoing deployment of capital as planned.