Zen Technologies Limited has informed the Exchange regarding Notice of Postal Ballot
ZENTEC · price
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Awaiting price reaction for this filing.
Zen Technologies Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting on two ordinary resolutions. Resolution 1 seeks approval for material related party transactions with Unistring Tech Solutions Private Limited (UTS), the company's 51%-owned unlisted subsidiary engaged in electronic warfare and radar systems, for an aggregate value of up to ₹750 crore during FY 2025-26 — roughly 80% of the company's annual consolidated turnover. Transactions cover purchase and sale of goods, materials, equipment, components, services, and R&D. Resolution 2 seeks approval to increase the remuneration of Mr. Arjun Dutt Atluri, Vice President and son of Joint Managing Director Mr. Kishore Dutt Atluri, effective August 1, 2025, with a fixed pay of ₹60 lakh per annum plus a performance-linked bonus of up to 0.25% of net sales from projects he independently handles. E-voting runs from June 21 to July 20, 2025, with results expected by July 22, 2025. Related parties are barred from voting on both resolutions.
The ₹750 crore RPT cap with UTS is sizeable relative to Zen's turnover, so investors should monitor the nature and arm's-length pricing of these subsidiary transactions. The executive pay revision reflects succession planning for the promoter family. Both resolutions are ordinary resolutions and likely to pass with promoter backing, limiting immediate stock impact, though they are worth tracking for governance and execution quality signals.