BSECompany Update2d ago · 18 Oct 2026, 11:23 am

Press Release

ZEN Technologies Ltd · 533339

✦ AI Summary▲ PositiveM&A

Zen Technologies Ltd announced an investment of ₹135.15 crore for a 51.98% stake in Cogknit Semantics Private Ltd, a Bengaluru-based defence technology company. Cogknit won the iDEX challenge to build a Battlefield Management System (BMS) for Main Battle Tanks and is a recipient of the Raksha Mantri's Award for Innovation (2022).

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

ZEN Technologies Ltd - 533339 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Attachments (1)

📄

b2202dbd-80fa-4ef5-8920-ce9189935df2.pdf

pdf

Download →
View document text
October 18, 2026 To To Listing Department Dept. of Corp. Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400 051 Mumbai- 400 001 Symbol: ZENTEC Scrip Code: 533339 Dear Sir/Madam, Sub: Press Release Please find attached the press release titled Zen Technologies to acquire majority stake in Cogknit Semantics, an indigenous developer of Battlefield Management Systems. This is for your kind information and records. Thanking You Yours sincerely, For Zen Technologies Limited Sourav Dhar Company Secretary & Compliance Officer Encl: As above PRESS & MEDIA RELEASE Hyderabad, Oct 18, 2026 Zen Technologies to acquire majority stake in Cogknit Semantics, an indigenous developer of Battlefield Management Systems Hyderabad, India – 18 October 2026: Zen Technologies Limited (“Zen”) announced that its Board of Directors has approved an investment of ₹135.15 crore for a 51.98% stake (fully diluted basis) in Cogknit Semantics Private Limited (“Cogknit”), a Bengaluru-based defence technology company. Cogknit won the iDEX challenge to build a Battlefield Management System (BMS) for Main Battle Tanks and is a recipient of the Raksha Mantri’sAward forInnovation (2022). Zen’s investment comprises a subscription to Cogknit’s primary funding round and the acquisition of existing shares. Investor Ashish Kacholia and his associates will also invest in the primary round. On completion of the transaction, which is subject to customary closing conditions, Cogknit will become a subsidiary of Zen, and its founding team will continue to lead the company. Recent conflicts, from Ukraine to West Asia, have shown that battles are decided less by the number of tanks and guns than by how quickly every unit can see the battlefield, share what it sees and act on it. Battlefield Management Systems, which give every fighting unit a common picture of friendly forces, the enemy and the plan, are central to the modernisation ofarmoured forces worldwide. Cogknit’s BMS digitally connects tanks, vehicles and soldiers, so that every commander works from one real-time picture of the battlefield. It has completed field trials with the Indian Army, and is designed and developed in India, adding to the country’s indigenous defence technology base and tothe self-reliance of theArmed Forces. For Zen, the acquisition is aligned with Samvid, its proposed AI platform for shared battlefield awareness. Cogknit’s BMS adds the command-and-control layer that connects tanks, vehicles and soldiers, and is intended to complement Samvid, as well as Zen’s training simulators, counter-drone systems, dronesand autonomous platforms. R 1/3 PRESS & MEDIA RELEASE Commenting on the acquisition, Mr. Ashok Atluri, Chairman and Managing Director, Zen Technologies Limited, said: “Future wars will be won by the army that sees first, decides fastest and acts together. Cogknit offers the Indian Armyaway todoexactly that, with technology built inIndia and tested in trialswith theArmy.We are proudtoback the team that hasbuilt it. Cogknit’s journey from selection in the iDEX challenge to field trials took nearly five years because the system was developed hand in hand with the end user, with the Army’s feedback shaping every stage. That depth of engagement is hard to replicate, and the learnings will help us accelerate future R&D across the Zen group. With Zen’s scale and experience, and our approach of backing strong leadership teams, we aim to make Cogknit the indigenous standard for battlefield management, from the tank to the soldier, andtostrengthen the IndianArmyfor the warsof the future.” Mr.AnuroopIyengar,FounderandCEO, CogknitSemanticsPrivate Limited, said: “Since 2014, Cogknit has been part of the new wave of Indian startups innovating for defence. That innovation now gets a much-needed boost through ‘courage’ capital from Zen and its ecosystem. We are well positioned to equip the Indian soldier with a force multiplier that few armiesinthe world have today. We started with large-scale data processing for Signals and Edge AI for Infantry, and then built a next-generation Command and Control System through iDEX, which has completed field trials with the Army. We are confident we have built the foundation on which Fourth Industrial Revolution technologies such as AI, robotics and dronery can be incorporated, torealise the Battlefield Management Systemof theAI age.” R 2/3 PRESS & MEDIA RELEASE AboutZenTechnologiesLimited Zen Technologies Limited, founded in 1993 and headquartered in Hyderabad, is a listed Indian defence technology company. Its portfolio spans training simulators, counter- UAS systems, drones, autonomous platforms and directed energy weapons, supported byover 200patents. AboutCogknitSemanticsPrivateLimited Cogknit Semantics Private Limited is a Bengaluru-based defence technology company that builds large-scale data processing, edge AI and command-and-control systems for India’s armed forces. It won the iDEX challenge for a Battlefield Management System forMain BattleTanks and received the Raksha Mantri’sAward forInnovation in2022. Contact Us Hari Haran Chalat Chief Financial Officer Zen Technologies Limited investors@zentechnologies.com Safe Harbour ThisdocumentwhichhasbeenpreparedbyZenTechnologiesLimited(the“Company”),hasbeenpreparedsolelyforinformationpurposesanddoes notconstituteanyoffer,recommendationorinvitationtopurchaseorsubscribeforanysecurities,andshallnotformthebasisorbereliedonin connectionwith anycontractorbinding commitment whatsoever.Nooffering of securities of theCompanywill be made except by meansofa statutoryofferingdocumentcontainingdetailedinformationabouttheCompany. ThisdocumenthasbeenpreparedbytheCompanybasedoninformationanddatawhichtheCompanyconsidersreliable,buttheCompanymakesno representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonablenessofthecontentsofthisDocument.ThisDocumentmaynotbeallinclusiveandmaynotcontainalloftheinformationthatyoumay considermaterial.Anyliabilityinrespectofthecontentsof,oranyomissionfrom,thisDocumentisexpresslyexcluded. CertainmattersdiscussedinthisDocumentmaycontainstatementsregardingtheCompany’smarketopportunityandbusinessprospectsthatare individuallyandcollectivelyforward-lookingstatements.Suchforward-lookingstatementsarenotguaranteesoffutureperformanceandaresubjectto knownandunknownrisks,uncertaintiesandassumptionsthataredifficulttopredict.Theserisksanduncertaintiesinclude,butarenotlimitedto,the performanceoftheIndianeconomyandoftheeconomiesofvariousinternationalmarkets,theperformanceoftheindustryinIndiaandworld-wide, competition, the Company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation,changesandadvancements,changesinrevenue,incomeorcashflows,theCompany’smarketpreferencesanditsexposuretomarket risks,aswellasotherrisks.TheCompany’sactualresults,levelsofactivity,performanceorachievementscoulddiffermateriallyandadverselyfrom resultsexpressedinorimpliedbythisDocument.TheCompanyassumesnoobligationtoupdateanyforward-lookinginformationcontainedinthis Document.Anyforward-lookingstatementsandprojectionsmadebythirdpartiesincludedinthisDocumentarenotadoptedbytheCompanyandthe Companyisnotresponsibleforsuchthird-partystatementsandprojections. R 3/3