Zensar Technologies Allots 35,480 Equity Shares Under Employee Stock Option Plan

Zensar Technologies Limited has announced the allotment of equity shares to employees under its Employee Stock Option Plan (ESOP) scheme. The company's Nomination and Remuneration Committee approved this allotment on December 22, 2025, as part of its ongoing employee incentive program.

Share Allotment Details

The committee approved the allotment of 35,480 fully paid equity shares to employees who exercised their stock options. Each share carries a face value of ₹2, representing the exercise of ESOPs that were previously granted to the eligible employees.

Parameter:	Details
Shares Allotted:	35,480 equity shares
Face Value:	₹2 per share
Allotment Date:	December 22, 2025
Beneficiaries:	Company employees
Nature:	ESOP exercise

Updated Share Capital Structure

Following the allotment, Zensar Technologies' share capital structure has been revised. The company's issued and subscribed share capital now stands at ₹45.48 crores, representing a total of 22.74 crore equity shares of ₹2 each.

Share Capital Component:	Current Status
Total Share Capital:	₹45.48 crores
Number of Shares:	22.74 crore shares
Face Value per Share:	₹2
Share Type:	Fully paid equity shares

Regulatory Compliance

The IT services company has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this share allotment. The notification was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ensuring compliance with stock exchange requirements.

The company trades on BSE under scrip code 504067 and on NSE under the symbol ZENSARTECH. This ESOP allotment reflects the company's commitment to employee participation in its growth through equity-based compensation schemes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.80%	+2.22%	+4.28%	-10.67%	+0.80%	+226.66%

Zensar Technologies , a global technology services and solutions provider, has reported a 4.2% year-over-year revenue growth in Q2, despite facing headwinds in the Technology, Media, and Telecommunications (TMT) sector. The company's strategic focus on AI-driven solutions and operational efficiency has helped maintain strong margins and position it for future growth.

Financial Performance

Zensar reported revenues of $162.80 million for Q2, marking a 4.2% year-over-year growth in reported currency and 3.4% in constant currency. The company achieved a sequential quarter-on-quarter growth of 0.5% in reported currency.

Sector	Q-o-Q Growth (Reported Currency)
Banking and Financial Services	5.6%
Healthcare and Life Sciences	3.9%
Manufacturing and Consumer Services	0.1%
Telecommunication, Media, and Technology	-9.9%

Despite absorbing the impact of annual salary hikes and one-time bonuses, Zensar maintained strong margins:

Gross profit improved to 31.0%, up 50 basis points quarter-on-quarter
EBITDA reached 15.4%, up 20 basis points quarter-on-quarter

AI-Driven Growth and Innovation

Zensar launched ZenseAI, its next-generation AI platform, demonstrating the company's commitment to AI-led transformation. The platform is designed to elevate the delivery of Zensar's core value proposition of Experience, Engineering, and Engagement.

Notably, 28% of order bookings in Q2 were AI-influenced, up from 21% in the previous quarter. This increase reflects the growing importance of AI solutions in Zensar's business strategy and client engagements.

Operational Highlights

Utilization rate reached 84.8%, up 200 basis points year-over-year
Voluntary attrition remained low at 9.8%
Cash including investments stood at $293.00 million
Diluted EPS grew 16.2% to INR 7.90 per share

Sector Performance and Challenges

While most sectors showed growth, the TMT sector experienced a significant decline of 9.9% quarter-on-quarter. Manish Tandon, CEO and Managing Director of Zensar Technologies, attributed this to a shift in client spending from operational expenses to capital expenditure for AI and GPU investments.

Future Outlook

Despite challenges in the TMT sector, Zensar remains optimistic about its overall business prospects. The company's focus on AI-driven solutions, operational efficiency, and diversification across sectors positions it well for future growth.

Manish Tandon commented, "As we look ahead, we see the uncertainty in today's global market landscape as an opportunity, particularly in AI. We remain focused on delivering differentiated value through innovation, operational discipline, and deep commitment to client success."

As Zensar navigates the dynamic tech landscape, its strategic investments in AI capabilities and focus on high-growth sectors may help offset challenges in the TMT vertical, potentially driving sustainable growth in the coming quarters.