Paras Defence and Space Technologies Ltd

Paras Defence and Space Technologies Ltd has announced that a meeting of its Board of Directors is scheduled for October 29, 2026. The board will convene to consider and approve the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review report from the statutory auditors.

Paras Defence and Space Technologies Limited has received an order valued at approximately ₹26.59 crore (including taxes) from the Defence Research and Development Organisation (DRDO), Ministry of Defence. The company will act as the Lead System Integrator and will be responsible for the design, analysis, fabrication, manufacturing, and assembly of the Optics and Opto-Mechanical Unit for a Hyperspectral Mission. The payload is intended for Earth Observation and is a Space-Borne System. The order is to be executed by September 27, 2027. This contract signifies a significant business win for Paras Defence in the defense and space technology sector.

Paras Defence and Space Technologies Ltd has announced the closure of its trading window for Designated Persons and their immediate relatives. This measure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The trading window will remain closed from October 01, 2026, until 48 hours after the declaration of the Unaudited Financial Results for the quarter ended September 30, 2026. This action is taken to prevent insider trading ahead of the financial results announcement.

Paras Defence and Space Technologies Ltd has informed shareholders about the upcoming tax deduction at source (TDS) on dividends, effective April 1, 2026, as per the Income Tax Act, 2025. The company's board recommended a dividend of ₹1 per equity share (20%) for FY ended March 31, 2026. This dividend, subject to shareholder approval at the AGM on September 11, 2026, will be paid electronically. TDS rates will vary based on shareholder residency and submitted documentation. Resident individuals with total dividend income not exceeding ₹10,000 or those providing Form 121 (if applicable) may be exempt. Specific documentation is required for certain resident non-individual categories like Insurance Companies and Mutual Funds to claim nil tax deduction.

Paras Defence and Space Technologies Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, as per SEBI regulations. The report details the company's corporate identity, business activities, and operational footprint. Key business segments include Optics and Optronics Systems (48% of turnover) and Defence Engineering (52% of turnover). The company serves major government organizations like DRDO and ISRO, alongside private and international defense firms. Exports constitute 15.30% of total turnover. The report also provides employee data, including a total of 358 permanent employees and 259 permanent workers, with specific figures for male and female representation and a single differently-abled permanent employee. Female representation on the Board of Directors is 33.33% and 50% among Key Management Personnel.

Paras Defence and Space Technologies Ltd has submitted its Annual Report for the Financial Year 2025-26, along with the Notice for its 17th Annual General Meeting (AGM). The AGM is scheduled for September 11, 2026, to be held via Video Conferencing. The report, which includes financial statements, corporate governance details, and management discussion, is being sent electronically to shareholders. The cut-off date for electronic voting eligibility is September 4, 2026. The company highlights its role as a pioneer in indigenous high-power laser systems for defence and space, emphasizing precision, power, and protection.

Paras Defence and Space Technologies Ltd announced its 17th Annual General Meeting (AGM) will be held on September 11, 2026, at 12:30 p.m. IST via Video Conferencing. The company will present its Annual Report for FY 2025-26. Key agenda items include the adoption of audited standalone and consolidated financial statements for FY 2025-26, declaration of a final dividend of ₹1 per equity share, and the re-appointment of a director retiring by rotation. Additionally, the AGM will seek ratification of remuneration for cost auditors for FY 2026-27 and approval for material related party transactions with an associate company.

Paras Defence and Space Technologies Ltd has announced that its 17th Annual General Meeting (AGM) will be held on Friday, September 11, 2026. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with relevant laws and circulars. The company has fixed Friday, September 04, 2026, as the cut-off date for determining voting eligibility. Remote e-voting will be open from Tuesday, September 08, 2026, to Thursday, September 10, 2026. Detailed information regarding attending the AGM and voting procedures will be provided in the AGM notice.

Paras Defence and Space Technologies Ltd has announced Friday, August 28, 2026, as the record date for determining shareholder eligibility for the final dividend for the Financial Year 2025-26. The recommended dividend is ₹1 per equity share of ₹5 each, subject to shareholder approval at the upcoming 17th Annual General Meeting (AGM). Shareholders registered by the close of business on the record date will receive the dividend within 30 days of the AGM, after deduction of applicable taxes.

Paras Defence and Space Technologies Ltd announced its Board of Directors has approved the divestment of its entire 47.50% equity stake in its associate company, Krasny Paras Defence Technologies Private Limited. The divestment includes 5,22,500 equity shares. Following the transaction, Krasny Paras will no longer be an associate of Paras Defence. The associate contributed Rs. 0.59 Crore to the consolidated turnover in FY 25-26, representing 0.12%, and had a net worth of Rs. 0.63 Crore as of March 31, 2026. The agreement for sale is yet to be entered into, with the transaction expected to be completed by December 31, 2026. The consideration is subject to due diligence and has not been finalized. The buyer is Krasny Defence Technologies Limited, and the transaction is not considered a related party transaction.