Hyderabad, India – June 23, 2025: Zen Technologies Limited announces the approval of theacquisition of a majority stake in TISA Aerospace Private Limited (“TISA”), an emerging defencetechnology company specializing in indigenously developed loitering munitions and unmanned aerial.
vehicles (UAVs). The Board of Directors has unanimously approved the acquisition, which will beexecuted through a combination of share purchase from existing shareholders of TISA and acquisition ofcompulsorily convertible debentures (CCDs) from existing holder issued by TISA.
This investment represents a focused entry into the high-growth domain of loitering munitions and theecosystem around it — a rapidly evolving category of precision-guided weaponry that has demonstratedsignificant operational relevance in modern warfare.
Commenting on the acquisition, Ashok Atluri, Chairman and Managing Director of ZenTechnologies Limited, said “This acquisition is a decisive step towards strengthening Zen’s position in the rapidly evolving defencedrone sector. TISA’s expertise in loitering munitions provides us with immediate access to advancedtechnologies and platforms that align with the emerging operational requirements of the Armed Forces.
TISA has achieved significant R&D milestones, including the successful execution of a project for DRDOwith critical design assistance from IIT Madras. By integrating these capabilities with our existing strengthsin anti-drone systems and propulsion technologies, we are building a broader and more future-readydefence portfolio.
This move is well-aligned with India’s urgent need for self-reliance in defence capabilities, particularly indrones and loitering munitions. We see strong potential in product integration across platforms, enablingus to scale faster and compete more effectively in both domestic and global markets.”
