Zensar Technologies Limited has informed the Exchange about In-Principle approval for setting up of a new entity/branch in Qatar

Zensar Technologies has received in-principle approval from its Board of Directors to set up a new entity or branch in Qatar. The expansion can be structured either directly through the company or via its subsidiaries. The new entity will operate in the software and allied services sector. While it would be classified as a related party (step-down subsidiary), the promoters have no direct interest in this venture. Initial capital will be the minimum required at face value, indicating a cautious initial approach.