Zen Technologies Limited has completed its quarterly regulatory compliance by filing the mandatory certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The filing, submitted on April 02, 2026, demonstrates the company's adherence to securities market regulations governing depositories and participants.

Regulatory Compliance Details

The compliance certificate was issued by KFin Technologies Limited, which serves as the Registrar and Transfer Agent (RTA) for Zen Technologies Limited. The certificate confirms that all required details regarding securities dematerialization and rematerialization activities during the quarter have been properly reported to relevant authorities.

Certificate Submission Process

The certificate was formally submitted to both major stock exchanges where Zen Technologies shares are traded. The submission included proper documentation to the National Stock Exchange of India Limited and BSE Limited, ensuring compliance with listing requirements.

Praveen Chaturvedi, Senior Vice President at KFin Technologies Limited, signed the certificates confirming that all securities dematerialization and rematerialization details for the specified quarter have been furnished to stock exchanges as required under SEBI regulations.

Regulatory Framework

SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018, mandates that registrar and transfer agents provide quarterly certificates confirming proper reporting of securities transactions. This regulation ensures transparency in the dematerialization and rematerialization process, protecting investor interests and maintaining market integrity.

The compliance filing reflects Zen Technologies' commitment to maintaining proper corporate governance standards and adhering to securities market regulations. Such regular compliance submissions are essential for listed companies to maintain their good standing with regulatory authorities and stock exchanges.

Zen Technologies Limited has completed the transfer of 2,580 equity shares to eligible employees under its Employee Stock Option Plan 2021, following the exercise of previously granted options. The company informed stock exchanges on April 01, 2026, about this transfer from the Zen Technologies Limited Employees Welfare Trust to employees who had completed their respective vesting periods.

Share Transfer Details

The transfer represents the successful exercise of employee stock options under the company's established ESOP framework:

Exercise Price Structure

The exercised options carried different pricing tiers based on the original grant terms:

Previous ESOP Grant Activity

Earlier, the company had granted 1,27,500 Employee Stock Options to eligible employees under the same ESOP Plan 2021, approved through a circular resolution on March 30, 2026. These options were granted at an exercise price of Rs. 250 per option, with vesting commencing after one year from the grant date and a two-year exercise window.

Capital Structure Impact

The share transfer does not alter the company's paid-up share capital, as confirmed in the regulatory filing. The total issued shares and share capital remain unchanged at 9,02,90,356 shares. The transferred shares maintain identical rights and characteristics to existing equity shares, ensuring seamless integration into the shareholder base.

Regulatory Compliance

Zen Technologies has fulfilled its disclosure obligations under Regulation 10 of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the required statement with recognized stock exchanges on January 21, 2022, and continues to maintain transparency in its employee benefit programs through regular regulatory updates.