Deals7 Jan 2025, 03:07 pm
Paras Defence and Space Technologies Ltd Granted License Under Arms Act, 1959
AI Summary
Paras Defence and Space Technologies Ltd has been granted a License under the Arms Act, 1959. This license authorizes the Company to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) - Modernised Enhanced and Redefined LMG with a proposed annual capacity of 6000 nos each. This disclosure is in compliance with Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
Key Highlights
- Paras Defence and Space Technologies Ltd has been granted a License under the Arms Act, 1959
- The license allows the Company to manufacture MK-46 and MK-48 Belt-fed Light Machine Gun (LMG) - Modernised Enhanced and Redefined LMG
- The proposed annual capacity for each model is 6000 nos
- This disclosure is in compliance with Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023