Statement of deviation(s) or variation(s) under Reg. 32

~ Z E N CERTIFIED ISO 9001:2015, AS 9100D:2016, ISO 27001:2022, CMMI ML5 Registered Address: B-42, Industrial Estate, Sanath Nagar, Hyderabad-500 018, Telangana, India. 8 +91 40 23814894/3281/2894/3294 I €) +91 40 23813694/4894 being there ... TECHNOLOGIES G info@zentechnologies.com I @ www.zen.in Corporate Identity Number: L72200TG1993PLC015939 October 31, 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- 400001 Symbol: ZENTEC Scrip Code: 533339 Dear Sir/Madam, Sub: Statement of Deviation or Variation in utilization of funds raised through QIP under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 for the quarter ended September 30, 2026 Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Statement of Deviation or variation in utilization of funds raised through Qualified institutional placement (QIP) by the Company, for the quarter ended September 30, 2026, reviewed by the Audit Committee at its meeting held on October 31, 2026. This is for your kind information and records. Thanking you Yours faithfully, For Zen Technologies Limited Sourav Dhar Company Secretary & Compliance Officer Encl: As above WORK: Plot No. 36, Hardware Park, ■. Near Shamshabad International Airport, ' Hyderabad - 501 510, Telangana, India a\pplol1o1•1◄te1 t cx,,e,1.2028 ~ZEN CERTIFIED ISO 9001:2015, AS 9100D:2016, ISO 27001:2022, CMMI ML5 Registered Address: B-42, Industrial Estate, Senath Nager, Hyderobod-500 01B, Telongono, Indio. +91 40 23B14B94/32B1/2B94/3294 I () +91 40 23B13694/4B94 being there ... TECHNOLOGIES 0 info@zentechnologies.com I E) www.zen.in Corporate Identity Number. L72200TG1993PLC015939 STATEMENT OF DEVIATION/ VA RIA TIO I UTILIZATION OF FUNDS RAISED Name of the listed entity Mis Zen rechnologies Limited Mode of Fund Raising QIP Date of Raising Funds 23-08-2024 Rs. 979.51 Crores• (Net of Amount Raised (in Rs. Crores) issue expenses) Report filed for Quarter ended 30-09-2026 Monitoring Agency Yes Monitoring Agency Name, if applicable CRISIL Ratings Limited Is there a Deviation/ Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval NA Explanation for the Deviation/ Variation NA Comments of the Audit Commiuee aller review NA Comments of the auditors, if any NA Amount of Modified Modified Deviation/Variation Original Funds Remark Sr Original Object Object, if allocation, for the quarter Allocation Utilised s if any any if any according to applicable object Funding working capital I NA 410.00 NA 410.00 Nil NA requirements of the Company Funding inorganic growth 2 through acquisitions and NA 350.00 NA 171.42 Nil NA other strate2ic initiatives 3 General corporate purposes NA 219.51 NA 156.43 Nil NA Note: During the quarter ended September 30, 202-1, the Company has completed its Qualified Institutional Placement ('QIP ') of 62,-16,096 Equity shares of Face value of? / - each ('equity shares') for cash at a price of? 160/1- per Equity Share (including a share premium of ( 1600 - per t.,·quity Share) aggregating to ( 1,000.00 crore. The issue was made in accordance with SEBI (Issue ofC apital and Disclosure Requirements) Regulations, 2018, as amended Dev1at10n could mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized as against what was originally disclosed For Zen Technologies Limited Ch;,~ , WORK: /[fl @ Plot No. 36, Hardware Park, ■ Near Shamshabad International Airport, ~CCl!EOll£0 ~ CEllllACAllON Hyderabad - 501 510, Telangana, India ~--- "'--•"'-'