Mumbai, Aug. 11 -- According to the exchange filing, the order is scheduled to be executed within one year. The company said the contract does not constitute a related-party transaction. It also clarified that neither its promoters nor members of the promoter group have any interest in the award of the order.

Zen Technologies provides defence training and anti-drone solutions. It builds training systems for imparting defence training and measuring the combat readiness of security forces. With a dedicated R&D (recognised by the Ministry of Science and Technology, Government of India) and production facility in Hyderabad, the company has applied for over 230 patents and shipped more than 1,000 training systems around the world.

The compan...