Zen Technologies Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and amendments thereof - Outcome of Board of Directors Meeting'.
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Zen Technologies has informed the stock exchanges that its Board of Directors, at a meeting held on July 26, 2025, approved the reclassification of Mr. Ravi Kumar Midathala from the 'Promoter' category to the 'Public' category of shareholders. Mr. Midathala had originally requested this reclassification on July 24, 2025. He confirmed to the Board that he and his immediate relatives do not hold more than 10% of the total voting rights, do not exercise control over the company, have no special rights, hold no board position, and are not classified as wilful defaulters or fugitive economic offenders. The reclassification is still subject to final approval from BSE and NSE stock exchanges under SEBI's Listing Regulations.
Once approved by the stock exchanges, Mr. Midathala will be reclassified as a public shareholder, slightly increasing the public shareholding count. This is largely a procedural and compliance-driven change and is unlikely to have a material impact on the stock price, though it may marginally affect the promoter vs. public shareholding ratio disclosure.