33rd Annual Report

CertifiIeSd9O 0 0:12 01I5SO2 70:0210 2C2MMMIL 5 Regd. O8ffi-c4eI2:n, d usEtsrtiaSatalen ,aN tahg ar Hydera-5b0a00d 1 T8e,l angIanndai,a Phon+e91:4 0238312 81/3294/2894/4894 Fax+:9 41023183 694 Emaiiln:fo @zentechnoWleobgsiiwwwet.sez.:ec no.mi,n CorpoIrdaetneNt uimtbyeL r7:2 200TPGL1C909135939 August 06, 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 – 400051 Mumbai- 400001 Symbol ID: ZENTEC Security Code: 533339 Dear Sir/Madam, Sub: Notice convening the 33rd Annual General Meeting (“AGM”) and Annual Report FY 2025-26 Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the 33rd Annual General Meeting (AGM) of the Company is scheduled to be held on Saturday, August 29, 2026 at 9:30 a.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). In this regard we are submitting herewith 33rd Annual Report for FY 2025-26 including Notice convening the AGM which is being sent only through electronic mode to the Members, who have registered their e-mail addresses with the Company/ Depositories Participants/ Company’s Registrar and Share Transfer Agent viz. Kfin Technologies Limited (RTA’). For Members who have not registered their e-mail address, a letter providing the web-link where the Annual Report of the Company is uploaded and QR Code to access digital copy of Annual Report is being sent at the address registered in the records of RTA/Company/Depositories Participants. The Annual Report for the financial year 2025-26 containing the Notice is also uploaded on the Company’s website at www.zentechnologies.com/annual-reports. The following are the details in connection with the e-voting: Cut-off date for e-voting Friday, August 21, 2026 E-voting start time and date 9:00 a.m. (IST) on Wednesday, August 26, 2026 E-voting end time and date 5:00 p.m. (IST) on Friday, August 28, 2026 This is for your kind information and records. Thanking you Yours faithfully, For Zen Technologies Limited Sourav Dhar Company Secretary & Compliance Officer WorkPsl:No to3 .6 H,a rdwPaarreNk e,a Srh amshaIbnatde rnAaitripoHonyrtad,le ra-b5a05d11 0T,e langIanndai,a •<rp�ML Appraisal#74961E xpI. Feb17,2028 CONTENT FY26 at a Glance SCRIPTING A NEW (C in Crore) CHAPTER IN DEFENCE TECH 1 687.69 STRATEGIC REVIEW 02 About the Company Revenue from Operations INNOVATION 04 The Triumph of Operation Sindoor 06 Message from the Chairman and Managing Director 08 Product Portfolio through Acquisitions 332.66 10 Product Portfolio India’s defence sector is being reshaped by a FY26 was a year of measured progress 14 Innovation on that journey. The Company 18 Our Infrastructure EBITDA national commitment to design, develop and broadened from a defence training and 20 Our Journey manufacture at home. Zen Technologies Limited has simulation specialist into a diversified 22 Significant Events defence technology company serving followed this path since 1993, building indigenous, India’s indigenous requirements across 24 Strategic Focus Areas 193.45 IP-owned technologies for the training and simulation, counter-drone systems, 26 Sustainability weapon platforms and robotics. This readiness of the armed forces. 28 Key Performance Indicators report sets out how that capability is 30 Board of Directors Profit After Tax taking shape and how it supports the country’s self-reliance in defence. 32 Management Discussion and Analysis STATUTORY Forward Looking Statement 1,336.04 This report contains forward-looking statements about REPORTS the Company’s strategy, operations and prospects. These are based on current expectations and 38 Corporate Information assumptions and are subject to risks and uncertainties. 39 Notice Order book as at 31 March 2026 Actual results may differ, and the Company undertakes no obligation to update these statements. 58 Board’s Report & Annexures 88 Corporate Governance Report 108 Business Responsibility & Sustainability Reporting (BRSR) FINANCIAL STATEMENTS 146 Standalone Financial Statements 209 Consolidated Financial Statements ZEN TECHNOLOGIES LIMITED ANNUAL REPORT 2025-26 STRATEGIC REVIEW STATUTORY REPORTS FINANCIAL STATEMENT ABOUT THE COMPANY OWNED BY INDIA, Zen at a glace TRUSTED GLOBALLY 30+ 1,798 Vision To be the global leader in defence training solutions Years of experience Consolidated Zen Technologies Limited is one of India’s leading indigenous defence technology and anti-drone technologies, empowering armed team members forces worldwide with advanced simulation and companies. Its purpose is to keep those who defend the nation ready for modern security systems. conflict. The Company designs, develops and manufactures its own technologies 94 1,000+ and retains ownership of the underlying intellectual property. Patents granted Training systems to date shipped worldwide Founded in 1993 in Hyderabad, the evolution has been built on sustained, deployed during Operation Sindoor, Company began by building simulators self-funded research and a consistent and its training systems are in service Mission ~₹1,336 Crore for the Indian Army. Over three decades focus on indigenous ownership. across the country. This combination it has grown into a diversified defence of indigenous ownership and combat- To enhance the combat readiness of armed forces technology company, listed on the BSE The Company’s technologies are relevant technology has made the through innovative, cost-effective and sustainable Order book as at 31 March 2026 and the NSE, with capabilities across used by the Indian armed forces, Company a trusted partner at home and training solutions, and to advance technology training and simulation, counter-drone central and state police organisations a credible one in export markets across continuously, creating indigenous products that set systems, weapon platforms, combat and a growing number of customers the Middle East, the CIS countries and new benchmarks in defence training and security. ₹139.11 Crore robotics and naval simulation. This abroad. Its counter-drone systems were South-East Asia. Invested in R&D over the last five years 02 03 ZEN TECHNOLOGIES LIMITED ANNUAL REPORT 2025-26 STRATEGIC REVIEW STATUTORY REPORTS FINANCIAL STATEMENT THE TRIUMPH OF OPERATION SINDOOR THE TRIUMPH OF OPERATION SINDOOR During Operation Sindoor, the armed forces faced large-scale drone and swarm attacks across the western and northern fronts. The Company’s indigenous Counter-UAS system was among the equipment deployed, and it performed with distinction. This is the story of a technology built at home, proven in real combat. The Capability We Built How It Was Deployed What It Achieved Up to 100 The Company’s Counter-UAS system was The system is rugged and The weapons the Company designed on a simple judgement, that a highly mobile. It operated fielded were 100% indigenous determined adversary would not confine its across the full range of Indian and the result of self-funded Drone threats detected drones to the commercial frequency bands terrain, from the high-altitude research. They helped blunt simultaneously that most systems are built to jam. The system posts of the northern and north- the drone-based threat and was therefore engineered to detect and jam a eastern borders to the deserts protected forces and assets wide range of drone data links well beyond the of the western front. across both fronts. The commercial 2.4 GHz and 5.8 GHz spectrum. operation also validated the Under During the operation it Company’s approach in the • A multi-layer, multi-sensor architecture combining detected up to 100 drone field and accelerated demand. RF-based detection, radar and electro-optical sensors, threats at a time with a response 0.1 sec capable of detecting even autonomous drones that fly ti [Showing first 8,000 characters — download PDF for full document]