Zensar Technologies Announces Plans to Establish Entity in Qatar
Zensar Technologies Limited announced on April 2, 2026, that its Board of Directors has approved the in-principle establishment of a new entity or branch in Qatar. The entity may be set up directly by Zensar Technologies or by one of its subsidiaries.The new entity will operate within the software and allied services industry. As a step-down subsidiary or branch of a subsidiary, it will be considered a related party to Zensar Technologies, although promoters and the promoter group do not have direct interest.
The company or its subsidiary(ies) will subscribe to the initial capital at face value. The establishment does not require governmental or regulatory approvals.
Details regarding the entity, including its name, are subject to availability from the relevant authorities. The company or its subsidiary(ies) will subscribe to the capital of the proposed entity/branch.
Table: Details Regarding the Entity in Qatar
| Particulars | Disclosure | |
|---|---|---|
| 1 | Name of the target entity, details in brief such as size, turnover etc. | Zensar Technologies Qatar or any other name as may be made available by the respective Authority. Capital: The Company or its subsidiary(ies) shall initially subscribe to the minimum capital as may be necessary, at face value. Size/Turnover : Not Applicable |
| 2 | Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at 'arm's length' | The new entity/branch shall be incorporated/set up in Qatar either directly by the Company or by its subsidiary(ies). Being a step-down subsidiary/or branch of its subsidiary(ies), it would be considered as a related party of the Company. The Promoters/promoters group do not have any direct interest in the step-down subsidiary/ or branch being incorporated. |
| 3 | Industry to which the entity being acquired belongs | Software and allied services |
| 4 | Objects and impact of acquisition | Not Applicable |
| 5 | Brief details of any governmental or regulatory approvals required for the acquisition | Not Applicable |
| 6 | Indicative time period for completion of the acquisition | Not Applicable |
| 7 | Consideration - whether cash consideration or share swap or any other form and details of the same | The Company or its subsidiary(ies) shall subscribe to the capital of the proposed entity/branch. |
| 8 | Cost of acquisition and/or the price at which the shares are acquired | The Company or its subsidiary(ies) shall initially subscribe to the minimum capital as may be necessary, at face value. |
| 9 | Percentage of shareholding/ control acquired and/ or number of shares acquired | Not Applicable |
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) | Zensar Technologies Qatar or any other name as may be made available by the respective Authority. Capital: The Company or its subsidiary(ies) shall initially subscribe to the minimum capital as may be necessary, at face value. Size/Turnover : Not Applicable |
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