Zen Technologies Limited has announced the completion of its strategic investment in TISA Aerospace Private Limited, acquiring a controlling 76% equity stake, thereby converting TISA into a subsidiary.

The acquisition, earlier disclosed on June 21, 2025, has now been concluded in two parts:

• Acquisition of 2,06,518 equity shares of ₹10 each from an existing shareholder of TISA.
• Acquisition of 4,00,000 Compulsory Convertible Debentures (CCDs) of ₹100 each carrying a 6% coupon rate from an existing CCD holder.

Subsequently, the Board of Directors of TISA, in its meeting held on June 30, 2025, approved the allotment of 3,35,806 equity shares to Zen Technologies upon conversion of the CCDs.

With this development, Zen Technologies has formally acquired a 76.00% stake in TISA Aerospace, making it a subsidiary. All regulatory disclosures under Regulation 30 of SEBI Listing Regulations and the SEBI Master Circular dated November 11, 2024, were made earlier in the company’s filing dated June 21, 2025.

The acquisition is aligned with Zen Technologies’ long-term strategy to deepen its presence in the aerospace and defense technology sector.

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