Zen Technologies Limited announced that Aituring Technologies Private Limited (ATPL) will no longer be considered a subsidiary. Following ATPL’s issuance of additional equity shares through private placement, Zen Technologies’ stake has decreased to 49% of ATPL’s total paid-up capital. Although the number of shares held by Zen remains constant, this change reclassifies ATPL as an associate company rather than a subsidiary as of September 19, 2025.
Change in Stake at Aituring Technologies
Zen Technologies Limited announced on September 19, 2025, that Aituring Technologies Private Limited (ATPL) has ceased to be a subsidiary of the company. This change follows ATPL’s allotment of further equity shares via private placement. As a result, Zen Technologies now holds 49% of ATPL’s total paid-up capital.
Impact of Share Dilution
While the number of equity shares held by Zen Technologies in ATPL remains unchanged, the percentage of the company’s shareholding has been diluted due to the aforementioned allotment. This has resulted in ATPL becoming an associate of Zen Technologies, rather than continuing as a subsidiary. Previously, Aituring Technologies Private Limited was classified as a subsidiary of Zen Technologies Limited. The change in status became effective following the share allotment.
Financial Contribution of Aituring Technologies
According to the audited financial statements as of March 31, 2025, Aituring Technologies contributed approximately 0.11% to Zen Technologies’ net worth. The net worth of Aituring Technologies stood at ₹183.10 Lakhs.
Source: BSE
