Zen Technologies reports no deviation in QIP fund usage for Q1FY27
ZENTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zen Technologies filed the quarterly statement on QIP fund usage under Reg 32 for Q1FY27. The company raised Rs 979.51 crores (net) via QIP in Aug 2024 by issuing 62.46 lakh shares at Rs 1,601 each. There is no deviation from original objects. Original allocation: working capital Rs 410 cr, acquisitions Rs 350 cr, general corporate Rs 219.51 cr. This quarter, Rs 171.42 cr was used for acquisitions and Rs 131.21 cr for general purposes. CRISIL is the monitoring agency.
No deviation in QIP fund usage confirms management is deploying the Rs 980 crore raised in 2024 as per stated objects, a positive compliance signal for shareholders.