Zen Technologies Limited has reported on the utilization of funds raised through its Qualified Institutional Placement (QIP) for the quarter ended March 31, 2025.

• The company raised a net amount of ₹ 979.51 crores through the QIP on August 23, 2024.
• According to the statement, the utilization of funds against the original objects is as follows:
  • Funding working capital requirements: ₹ 371.26 crores utilized against an original allocation of ₹ 410.00 crores. Deviation: Nil.
  • Funding inorganic growth through acquisitions and other strategic initiatives: ₹ 105.70 crores utilized against an original allocation of ₹ 350.00 crores. Deviation: Nil.
  • General corporate purposes: ₹ 93.16 crores utilized against an original allocation of ₹ 219.43 crores (Modified allocation ₹ 219.51 crores). A deviation of ₹ 0.08 crores is reported for this object.
• CRISIL Ratings Limited serves as the monitoring agency for these funds.