As per a press release filed with the exchanges, the company said that the licence authorises the Company to manufacture 12.7mm, 23mm, 30mm, and 40mm cannons, critical weapon systems with strong applicability in Air Defence, naval operations and Counter-Unmanned Aircraft System (C-UAS) roles.
These rapid-fire cannons serve as highly effective last-layer defence solutions against drones, loitering munitions, and low-flying aerial threats, said the company.
Also Read: SignatureGlobal sees ₹4,000 crore revenue potential from Lamborghini project
The systems can be integrated with fire-control systems, radar, electro-optical/infrared sensors and programmable ammunition to deliver responsive and accurate protection for strategic assets, armoured formations, border areas and critical infrastructure.
Zen Tech added that this marks a decisive step forward in advancing India’s indigenous defence manufacturing ecosystem under the IDDM framework.
The company said that amid ongoing global conflicts and the increasing use of drones, loitering munitions and asymmetric aerial threats, these systems are aimed at addressing evolving battlefield requirements with India-centric, cost-effective air defence solutions.
Also Read: Apollo Micro Systems jumps 13% after bagging government licence to make missiles, munitions
Following the announcement, shares of Zen Technologies surged 7.8% to an intraday high of ₹1,642.80, before paring some gains to close at ₹1,628, up 6.8% from Thursday’s close. The stock has gained over 14% in the past month.
