The announcement was made during market hours today.

On the BSE, 2.79 lakh shares had changed hands at the counter so far compared with average daily volumes of 0.84 lakh shares in the past two weeks.

Zen Technologies is a leading provider of military training and anti-drone solutions. The company specializes in manufacturing land-based military training simulators, driving simulators, live range equipment, and anti-drone systems.

The company reported a steeply higher consolidated net profit of Rs 20.20 crore in Q4 FY23 as compared with Rs 3.31 crore in Q4 FY22. Revenue from operations zoomed 245.1% to Rs 95.88 crore in the quarter ended March 2023 as against Rs 27.78 crore posted in same quarter last year.