Zen Technologies Limited , a leading defense training solutions provider, has received a request from one of its promoters for reclassification as a public shareholder. This development comes following the end of the promoter's tenure as a key executive in the company.

Reclassification Request Details

Mr. Ravi Kumar Midathala, currently classified as a promoter of Zen Technologies Limited, has formally requested to be reclassified from the 'Promoter' category to the 'Public' shareholder category. Mr. Midathala holds 5,00,000 equity shares, representing approximately 0.55% of the company's total paid-up share capital.

Reasons for Reclassification

The request for reclassification comes after Mr. Midathala's tenure as Whole-Time Director and Key Managerial Personnel (KMP) concluded on June 28, 2025. In his formal request, Mr. Midathala confirmed several key points:

1. He and his immediate relatives hold less than 10% of the total voting rights in the company.
2. They do not exercise control over the company's affairs, either directly or indirectly.
3. They have no special rights through formal or informal arrangements, including shareholder agreements.
4. Neither he nor his immediate relatives are represented on the Board of Directors or act as key managerial personnel.

Regulatory Compliance

The reclassification process requires approval from Zen Technologies' Board of Directors and the stock exchanges where the company is listed - the National Stock Exchange of India Limited (NSE) and BSE Limited. This procedure is in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

Zen Technologies has acknowledged receipt of Mr. Midathala's request letter and has informed the stock exchanges about this development. The company's Board of Directors will consider the request and take necessary steps for the reclassification process, subject to regulatory approvals.

Impact and Outlook

While this reclassification, if approved, will change Mr. Midathala's shareholder status, it does not significantly alter the company's overall shareholding structure given the small percentage of shares involved. The move is seen as a procedural step following the end of Mr. Midathala's executive role in the company.

Investors and market participants will be watching closely as Zen Technologies proceeds with the reclassification process, which is expected to be completed in due course, subject to necessary approvals from the board and regulatory authorities.

Zen Technologies , a leading provider of defense training solutions, has announced a significant expansion of its business portfolio. The company has successfully completed the acquisition of a 76% equity stake in Tisa Aerospace Private Limited, marking a strategic move into the aerospace sector.

Key Highlights

• Zen Technologies has acquired a 76% stake in Tisa Aerospace Private Limited.
• The acquisition transforms Tisa Aerospace into a subsidiary of Zen Technologies.
• This move represents a strategic expansion for Zen Technologies into the aerospace domain.

Strategic Implications

The acquisition of Tisa Aerospace is a notable development for Zen Technologies, potentially broadening its capabilities and market reach. By bringing Tisa Aerospace under its umbrella as a subsidiary, Zen Technologies is poised to leverage synergies between its existing defense-focused operations and Tisa's aerospace expertise.

About Zen Technologies

Zen Technologies is renowned for its cutting-edge simulation technology and training solutions, primarily catering to military, paramilitary, and police forces. The company's product portfolio includes combat training simulators, driving simulators, and live-range equipment.

Looking Ahead

While specific details about Tisa Aerospace and the financial terms of the deal were not disclosed, this acquisition could signal Zen Technologies' intent to diversify its offerings and expand its footprint in the broader defense and aerospace sectors.

Investors and industry observers will likely be watching closely to see how this strategic move unfolds and impacts Zen Technologies' future growth trajectory and market position.