Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies Limited has entered into an Intellectual Property (IP) License Agreement with Tandem Defense LLC, a subsidiary of Autonomous Power Corporation. This agreement grants Paras an exclusive license to manufacture and commercialize the Guardian-1 Interceptor Technology within India. The Guardian-1 is a high-speed, battery-powered counter-drone system designed to combat low-cost aerial threats. The agreement is for a term of twelve months, renewable by mutual consent. Paras has no shareholding in Tandem Defense LLC, and the transaction is not considered a related party transaction.

Paras Defence and Space Technologies Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from July 01, 2026, and will reopen 48 hours after the declaration of the company's Unaudited Financial Results for the quarter ended June 30, 2026. This measure is standard practice to prevent potential insider trading activities around financial result announcements.

Paras Defence and Space Technologies Limited has secured a domestic order from Bharat Electronics Limited valued at approximately ₹52.82 crore. The contract involves the supply of Electro-Optics equipment and is scheduled for completion by September 2027.

Paras Defence and Space Technologies Ltd re-appointed M/s S M L and Co. LLP as Internal Auditor and M/s Dinesh Jain & Company as Cost Auditor for the financial year 2026-27, based on the Audit Committee's recommendation. This decision was made during the Board of Directors meeting held on May 13, 2026. The board also approved the audited financial results for the quarter and financial year ended March 31, 2026, and recommended a final dividend of ₹1 per equity share.

The Board of Directors of Paras Defence and Space Technologies Ltd has recommended a final dividend of ₹1 per equity share of ₹5 each for the financial year ended March 31, 2026. This decision was made during the board meeting held on May 13, 2026. The company will announce the date of the Annual General Meeting (AGM) for FY 2025-26, the record date for the dividend, and the payment date in due course. The board also approved the re-appointment of internal and cost auditors.

Paras Defence and Space Technologies Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹1 per equity share of ₹5 each for FY26. They also approved the re-appointment of M/s S M L and Co. LLP as Internal Auditor and M/s Dinesh Jain & Company as Cost Auditor for FY 2026-27.

Paras Defence and Space Technologies Ltd's board approved audited financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹1 per equity share of ₹5 each. The board also approved the re-appointment of M/s S M L and Co. LLP as Internal Auditor and M/s Dinesh Jain & Company as Cost Auditor for FY 2026-27.

Paras Defence and Space Technologies Ltd has announced a Board of Directors meeting scheduled for May 13, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the Statutory Auditors Report. The board will also consider and recommend the payment of a dividend on equity shares for the financial year ended March 31, 2026. The trading window for dealing in the company's securities is closed from April 01, 2026, until 48 hours after the declaration of the audited financial results.

Paras Defence and Space Technologies Limited (PARAS) has secured an order from the DRDO, Ministry of Defence, valued at approximately ₹7.72 Crore (including taxes). The contract is for the development of Ku/C-Band Satellite Communication Phased Array Antennas for airborne applications. This domestic order is slated for completion on or before April 29, 2028. The company confirmed that there is no promoter or related party interest in the awarding entity, reinforcing its position in critical defense technology development.

Paras Defence and Space Technologies Limited (PARAS) has signed a Memorandum of Understanding (MoU) with Complus Systems Pvt. Ltd. and JV Micronics. This collaboration aims to integrate their respective expertise to collaboratively promote and pursue opportunities both in India and internationally. The focus will be on the design, development, manufacturing, installation, and servicing of Anechoic and Semi-Anechoic Chambers. PARAS will serve as the consortium leader, overseeing design, development, manufacturing, installation, and business development activities. Complus Systems will provide technical expertise and engineering support, while JV Micronics will contribute manufacturing and integration services for RF absorbers. This strategic partnership is expected to enhance PARAS's capabilities in a specialized defense and space technology segment.