Zen Technologies has received approval for closure of Nalagarh Unit, Solan District in the state of Himachal Pradesh. There was no revenue contributed from the Nalagarh Unit during the Financial Year 2018-2019. The Board of Directors of the Company at its meeting held on May 18, 2019 has approved the same.
The estimated date of closure of the unit is June 30, 2019. There is no impact on operations of the Company pursuant to the closure of the said Nalagarh Unit.
Zen Technologies specializes in making simulators and imparting training since 1993. It has an innovative research and development division and is recognized as an in-house R&D unit by the Department of Scientific and Industrial Research (DSIR).