Zen Technologies Limited, a leader in defense simulation technologies, has successfully completed the acquisition of a 76% equity stake in Anawave Systems Solutions Private Limited (ASSPL). This strategic move, which was initially announced as a plan to expand its portfolio in the naval simulation sector, has now been finalized.

The company disclosed the completion of the acquisition to the stock exchanges NSE and BSE, in compliance with SEBI listing regulations. Detailed disclosures were provided in their earlier communication dated November 05, 2025.

Key Details of the Acquisition

About Anawave Systems Solutions Private Limited

ASSPL, incorporated in September 2016, has shown significant growth in recent years:

The company specializes in designing and implementing realistic scenario-based training systems for naval forces. Their expertise includes integrating advanced analytics and ensuring compatibility with existing naval command and control systems.

Strategic Implications

This acquisition significantly enhances Zen Technologies' defense simulation portfolio. By incorporating ASSPL's advanced tactical and combat training simulation technologies for naval forces, Zen Technologies aims to complement its existing land and naval simulation capabilities.

Transaction Details

The acquisition was executed through:

1. A Share Purchase Agreement (SPA) dated November 5, 2025
2. A Share Subscription and Shareholders' Agreement (SSSHA) dated November 5, 2025

These agreements outlined the terms for acquiring existing shares and subscribing to new shares issued by ASSPL.

Current Status

With the completion of this acquisition, ASSPL has now become a subsidiary of Zen Technologies. This move is expected to broaden Zen's integrated defense training offerings, potentially strengthening its position in the defense simulation market.

The successful completion of this acquisition marks a significant milestone for Zen Technologies in its strategy to expand its capabilities in the naval simulation sector.

Zen Technologies , a leading player in defense training and anti-drone solutions, has secured a significant order worth ₹289 crore from the Ministry of Defence, Government of India. The contract focuses on upgrading the company's Anti-Drone Systems (ADS), highlighting the growing importance of indigenous defense technology in India's security landscape.

Key Highlights of the Order

Strategic Importance of Indigenous Defense Systems

The order underscores the critical need for indigenously designed, developed, and manufactured (IDDM) defense solutions. Zen Technologies' ability to secure this contract demonstrates the strategic advantage of homegrown defense capabilities, especially in rapidly evolving threat scenarios.

Operational Feedback and Rapid Response

The upgrades are a direct result of operational feedback from frontline missions, including Operation Sindoor. This highlights the agility of Indian-made systems in adapting to emerging threats, a crucial factor in modern warfare.

Advantages of IDDM Solutions

1. Swift Adaptation: Ability to quickly modify both hardware and software based on real-world operational needs.
2. Security: Reduced risk of hardware compromise and software malware, addressing concerns raised by global incidents like the Pager attack and Stuxnet malware.
3. Operational Control: Complete command over all system components, from physical hardware to embedded software.
4. Future-Readiness: Capability to continually modernize systems to counter evolving threats such as drone swarms and AI-enhanced capabilities.

Management Commentary

Mr. Ashok Atluri, Chairman and Managing Director of Zen Technologies, emphasized the importance of IDDM solutions, stating, "Buying Indian-designed, developed and manufactured products is not an option, it's a requirement for survival as drone and cyber threats keep evolving. Zen Technologies is committed to ensuring India is always one step ahead."

Company Overview

Zen Technologies Limited is a pioneer in providing state-of-the-art defense training and anti-drone solutions. With a dedicated R&D facility recognized by the Ministry of Science and Technology, Government of India, the company has applied for over 180 patents and has shipped more than 1,000 training systems worldwide.

This order reaffirms Zen Technologies' position as a key player in India's defense technology sector and underscores the nation's commitment to strengthening its indigenous defense capabilities.