Shares of Zen Technologies Ltd were locked at a 5% higher circuit on 23 June after the company announced securing a controlling stake in TISA Aerospace Pvt. Ltd. for Rs 6.56 crore. The company is now focusing on unmanned aerial vehicles (UAVs).

Zen Tech is currently active in the defence training and anti-drone solutions segments. TISA Aerospace is a new defence technology business that specializes in indigenously developed loitering bombs and UAVs.

TISA Aerospace’s 2025 turnover was Rs 1.81 crore.  It has also successfully completed a project for the Defense Research and Development Organization (DRDO).

Zen Tech’s entire order book as of 31 March 2025 was Rs 691.94 crore.  

The company expects revenue to expand at a compound annual growth rate (CAGR) of 50% between FY26 and FY28, albeit FY26 may be lower. The company expects to generate Rs 6,000 crore in sales over the next three years. The company expects orders totalling Rs 800 crore in the first half of FY26.

At 12:56 pm, the shares of Zen Technologies were locked 5% higher at Rs 1,994.60 on NSE.

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