Outcome of the Board Meeting held on 05 January 2015

Sub: Outcome of the Board Meeting held on 05 January 2015
Ref: Clause 36 of the Listing Agreement, Scrip code 533339

The Board in its meeting held on 5 January 2015, inter-alia, considered and approved to establish a 100% wholly owned Subsidiary of Zen Technologies Limited in United Arab Emirates (UAE) to tap the global market for the products of the Company.