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.

Zen Technologies Limited has published newspaper advertisements confirming the dispatch of its postal ballot notice, following the company's earlier announcement seeking shareholder approval for significant corporate matters including material related party transactions and key management re-appointments.

Newspaper Advertisement Publication

The company published advertisements on March 21, 2026, in Financial Express (all editions) and Nava Telangana (Hyderabad edition), confirming the dispatch of the postal ballot notice and providing essential voting information to shareholders.

Key Resolutions for Shareholder Approval

The postal ballot encompasses three critical resolutions that require shareholder consent through the remote e-voting process.

Material Related Party Transactions

The primary resolution seeks approval for material related party transactions with Unistring Tech Solutions Private Limited (UTS), a subsidiary company. The proposed transactions include:

Unistring Tech Solutions Private Limited specializes in designing and developing Electronic Warfare (EW) Systems, Communication Systems, and RADAR applications. The company holds a 51% stake in UTS, making it a subsidiary under SEBI Listing Regulations.

Historical Transaction Data

The company has maintained ongoing business relationships with UTS:

Management Re-appointments

Chairman and Managing Director Re-appointment

Shareholders will vote on re-appointing Mr. Ashok Atluri as Chairman and Managing Director for three years from May 01, 2026 to April 30, 2029. His remuneration package includes:

President & Joint Managing Director Re-appointment

The second management resolution covers Mr. Kishore Dutt Atluri's re-appointment as President & Joint Managing Director for the same three-year period. His compensation structure includes:

E-voting Process and Timeline

The company has engaged KFin Technologies Limited to provide remote e-voting facilities. Key dates and procedures include:

Regulatory Compliance and Corporate Governance

The proposed transactions with UTS are structured to comply with SEBI Listing Regulations, requiring shareholder approval for material related party transactions. The company has emphasized that these transactions will be conducted at arm's length and in the ordinary course of business.

The Audit Committee has reviewed and approved all proposed resolutions, confirming they align with the company's business interests and regulatory requirements. In accordance with regulatory requirements, related parties will abstain from voting on the related party transaction resolution.

Shareholders whose email addresses are registered with the company, registrar, or depositories have received detailed voting instructions and credentials for the e-voting process. The company has appointed an independent scrutinizer to ensure fair and transparent conduct of the postal ballot process.