Overview
- The company confirmed Friday it had received a government licence under the Arms Act, 1959, to make rapid-fire cannons.
- The authorization covers 12.7 mm, 23 mm, 30 mm and 40 mm guns used on air-defence and naval mounts.
- Zen said the weapons will serve as a last-layer shield against drones, loitering munitions and low-flying aircraft.
- Investors bought the stock after Friday’s notice, lifting shares about 7% to a 6.68% gain at Rs 1,627.70 by the close.
- The move shifts Zen from training simulators to combat systems under India’s IDDM push to design and build gear at home.