Zensar Technologies Limited has received board approval to establish a new entity or branch in Zambia, marking a significant expansion into the African market. The Board of Directors granted in-principle approval during their meeting held on April 2, 2026.

Board Meeting Details

The board meeting was conducted on April 2, 2026, commencing at 04:00 PM (IST) and concluding at 06:45 PM (IST). The decision was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Entity Structure and Operations

Regulatory Framework

The new entity will be considered a related party of the company, functioning as a step-down subsidiary or branch of existing subsidiaries. However, the promoters and promoter group do not have any direct interest in the step-down subsidiary or branch being incorporated.

Investment Structure

The company or its subsidiaries will subscribe to the capital of the proposed entity or branch. The initial investment will involve subscribing to the minimum capital requirements as mandated by Zambian regulatory authorities, with shares acquired at face value.

Strategic Implications

This expansion into Zambia represents Zensar Technologies' continued growth strategy in international markets. The establishment will focus on software and allied services, aligning with the company's core business operations and expertise in technology solutions.

Zensar technologies Limited has announced the completion of Mr. Harsh Mariwala's second term as Non-Executive Independent Director, marking the end of his tenure with the company's board. The IT services company made this disclosure to stock exchanges on April 02, 2026, in compliance with regulatory requirements.

Director Tenure Completion Details

Mr. Harsh Mariwala's second term as Non-Executive Independent Director will conclude at the close of business hours on April 17, 2026. Following this date, he will cease to hold the position with the company. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III of the Listing Regulations.

Board Recognition and Meeting Details

The Board of Directors placed on record its deep appreciation for Mr. Mariwala's invaluable contributions, guidance, and services rendered during his tenure as Non-Executive Independent Director. The company acknowledged his role in providing strategic direction and governance oversight throughout his association with Zensar Technologies.

The board meeting to formalize this transition was conducted on April 02, 2026, commencing at 04:00 PM (IST) and concluding at 06:45 PM (IST). Company Secretary Anand Daga signed the official communication to the stock exchanges, ensuring compliance with disclosure requirements.

Regulatory Compliance

The disclosure was made in accordance with the SEBI Master Circular dated January 30, 2026, as amended from time to time. Zensar Technologies provided detailed information as required under clause 7 of Para A of Part A of Schedule III, ensuring transparency regarding board composition changes.

The company communicated this development to both BSE Limited (Scrip Code: 504067) and National Stock Exchange of India Ltd. (Symbol: ZENSARTECH), maintaining its commitment to timely and accurate disclosure of material events to stakeholders and the investment community.