Zen Technologies Limited has completed the transfer of 1,600 equity shares to eligible employees under its Employee Stock Option Plan-2021 (ESOP-2021) on March 05, 2026. The transfer was executed from the Zen Technologies Limited Employees Welfare Trust, which was established specifically for implementing the scheme.

Transfer Details

The company transferred the shares following the completion of respective vesting periods as applicable under the scheme. Each share carries a face value of ₹1 and was exercised at ₹500 per share.

Share Capital Impact

The company confirmed that the transferred shares will rank pari-passu with existing equity shares. Importantly, there is no change in the paid-up share capital of the company subsequent to this transfer.

Regulatory Compliance

The transfer was conducted in compliance with Regulation 10 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the required disclosures with both BSE Limited and National Stock Exchange of India Limited, where its shares are listed.

Share Characteristics

The transferred shares are identical in all respects to the existing shares of the company. No lock-in provisions apply to these shares, and no listing fees are payable for this transfer. The shares are issued in demat form under ISIN INE251B01027.

The Employee Stock Option Plan-2021 was originally filed with the stock exchanges on January 21, 2022, providing the regulatory framework for such transfers to eligible employees upon completion of their respective vesting periods.

Zen Technologies Ltd has received a disclosure from Motilal Oswal Mutual Fund regarding a substantial acquisition of shares under SEBI regulations. The mutual fund house has increased its collective shareholding in the defense technology company through market transactions.

Acquisition Details

Motilal Oswal Mutual Fund schemes acquired 55,352 shares of Zen Technologies Ltd through market transactions on February 23, 2026. The acquisition represents 0.06% of the company's total share capital.

Shareholding Position

Following the acquisition, the collective holding of Motilal Oswal Mutual Fund schemes in Zen Technologies has increased from 4.97% to 5.03%.

Participating Schemes

The acquisition involves nine schemes of Motilal Oswal Mutual Fund, including:

• Motilal Oswal ELSS Tax Saver Fund
• Motilal Oswal Nifty Smallcap 250 Index Fund
• Motilal Oswal Nifty 500 Index Fund
• Motilal Oswal Large And Midcap Fund
• Motilal Oswal Nifty 500 ETF
• Motilal Oswal Nifty Smallcap 250 ETF
• Motilal Oswal Nifty Ind Defence Index Fund
• Motilal Oswal Nifty India Defence ETF
• Motilal Oswal BSE 1000 Index Fund

Regulatory Compliance

The disclosure was filed by Aparna Karmase, Head of Compliance, Legal and Secretarial at Motilal Oswal Asset Management Company Limited, on February 26, 2026. The company secretary Sourav Dhar of Zen Technologies forwarded the disclosure to stock exchanges on February 27, 2026. The filing confirms that the acquirer does not belong to the promoter or promoter group of Zen Technologies Ltd.

Company Information

Zen Technologies Ltd shares are listed on both BSE Limited and National Stock Exchange of India Limited. The company's equity share capital stands at 9,02,90,356 shares with a face value of Rs. 1 each, which remained unchanged after the acquisition.