Zen Technologies Share Surge on Receiving ₹152 Crore Order from Ministry of Defence

Zen Technologies Limited, today, on March 27, 2025, informed the stock exchanges that it has received an order from the Ministry of Defence, Government of India. The order is valued at approximately ₹152 crore, inclusive of taxes. It involves the supply of the company’s Integrated Air Defence Combat Simulator (IADCS) for the L70 anti-aircraft gun.

As of 2:25 PM on March 27, Zen Technologies Limited share price was trading at ₹1,437.20, down ₹5.65 (0.39%) for the day, but still up 29.49% over the past month and down 15.91% over the past six months.

Scope of Work

The contract is domestic in nature and covers the delivery of simulation systems that aid in air defence combat training. These simulators are used to provide virtual training environments, reducing the need for live firing exercises and helping improve operational readiness.

The company stated that the order is to be executed within a period of 18 months. No further specifics about the delivery schedule or production have been disclosed.

Regulatory Disclosures

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An annexure attached to the filing confirmed that there is no related party interest in the awarding entity, and the promoter group has no connection to the order.

As of the filing, there has been no analyst commentary or market reaction publicly available regarding the impact of this order on the company’s financials.

Other Details

• Awarding Entity: Ministry of Defence, Government of India
• Order Value: Approx. ₹152 crore (inclusive of taxes)
• Product: Integrated Air Defence Combat Simulator for L70 Gun
• Contract Type: Domestic
• Execution Period: 18 months
• Promoter Interest: None
• Related Party Transaction: No

Conclusion

The order has been disclosed as per regulatory norms. No further details about the project or its strategic importance have been provided by the company at this time.

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