Zen Technologies Ltd Share Price – NSE /  BSE

Aerospace & Defence, Small Cap

Zen Technologies announced the transfer of 3,800 equity shares from Zen Technologies Limited Employees Welfare Trust to eligible employees pursuant to exercise of options granted under ?Zen Technologies Limited Employee Stock Option Plan-2021?.

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Zen Technologies has been awarded a major contract from the Ministry of Defence, Government of India, totaling Rs 120 crore to set up India's first Combat Training Node (CTN), at the Infantry School, the alma mater of the Infantry located at Mhow, Madhya Pradesh.

Commenting on the development, Ashok Atluri, Chairman and Managing Director, Zen Technologies, said, ?India's first Combat Training Node isn't just about 60+ training simulators and solutions?it's proof that indigenous R&D can deliver world-class capability when policy supports it. Late Mr. Manohar Parrikar got it: companies with R&D DNA and combat-proven systems are national strategic assets, not just vendors. The CTN will deliver what every defense procurement should: faster readiness, lower costs, and home-grown technology that gives India an edge. This is what Atmanirbhar Bharat looks like when you prioritize IP over just manufacturing. The CTN represents a shift in how India approaches defense training, from importing foreign systems to building battle tested indigenous capability that can be exported globally. With rapid feedback cycles, companies like Zen can iterate based on operational lessons, something foreign vendors constrained by ITAR restrictions and commercial considerations simply cannot match.

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In a regulatory filing, the company said the orders pertain to the supply of a Comprehensive Training Node (CTN), which includes a suite of various training simulators and related equipment. The project is scheduled to be completed within one year.

The company also clarified that neither its promoters nor the promoter group have any interest in the awarding authority, and the transaction does not qualify as a related-party deal under regulatory norms.

Zen Technologies provides defence training and anti-drone solutions. It builds training systems for imparting defense training and measuring combat readiness of security forces. With a dedicated R&D (recognized by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 180+ patents and shipped more than 1,000 training systems around the world.

On a consolidated basis, the company?s net profit stood at Rs 59.4 crore in Q2 FY26, down 5.2% year-on-year from Rs 62.7 crore in Q2 FY25, though it rose 24.4% sequentially from Rs 47.8 crore in Q1 FY26. Total revenue came in at Rs 198.9 crore, declining 20.6% YoY from Rs 250.3 crore a year earlier, but up 10.5% QoQ from Rs 180 crore in Q1 FY26.

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Zen Technologies has been awarded a major contract from the Ministry of Defence, Government of India, totalling Rs 108 crore (including GST) for tank crew gunnery training simulators.

Commenting on the development, Ashok Atluri, Chairman and Managing Director, Zen Technologies, said, This ₹108 crore order represents more than business growth?it's validation of indigenous R&D done right. Over a decade ago, we supplied our first tank simulators to the Indian Army. Back then, procurement systems weren't built to support single indigenous vendors. Today, this order proves what's possible when policy protects genuine Indian IP. A TERI study showed that just 15% penetration of crew gunnery simulators saves ₹1,123 crore annually for our armed forces?that's an 18:1 return on investment of ₹61 crore. These aren't just training tools; they're force multipliers that free up resources for more capability building. Operation Sindoor reminded us: procurement speed matters. The faster we can deploy indigenous solutions, the stronger we become.

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