Paras Defence and Space Technologies Ltd

Instruments and ratings

• Long Term - Fund Based - Cash Credit: ICRA A (Stable); upgraded from A- (Positive); outlook Stable
• Long Term - Fund Based - Overdraft: ICRA A (Stable); upgraded from A- (Positive); outlook Stable
• Long Term / Short Term - Non-Fund Based - BG & LC: ICRA A (Stable); upgraded from A- (Positive); outlook Stable
• Short-Term rating: A2+ reaffirmed; enhanced amount

Rationale and changes

• Rationale not disclosed in filing
• Outlook revised to Stable from Positive; enhanced NB facility amount noted

Order details

• Awarding entity: DRDO, Ministry of Defence (Domestic).
• Paras to act as Lead System Integrator for optics and opto-mechanical unit.
• Scope: design, analysis, fabrication, manufacturing and assembly of optics hardware.
• Contract value: ₹26.59 crore including taxes.
• Delivery deadline: on or before 27 September 2027.
• Performance security: INR 79,76,427.
• Payload to be Space-Borne with Earth Observation potential.
• Promoter/related party interest: No.

Order details

• The order is awarded by DRDO, Ministry of Defence (Domestic).
• Paras Defence will act as Lead System Integrator for the Optics and Opto-Mechanical Unit.
• Scope includes design, analysis, fabrication, manufacturing and assembly for a hyperspectral mission payload.
• Contract value is approximately ₹26.59 crore, including taxes.
• Delivery must be on or before 27 September 2027.
• Performance Security Amount is INR 79,76,427.
• No promoter or related party interest and no related party transaction.
• Payload is Space-Borne with potential Earth Observation use.

Paras Defence and Space Technologies Limited — Closure of Trading Window from October 01, 2026 until 48 hours after the declaration of Unaudited Financial Results for the quarter ended September 30, 2026

AGM Details

• AGM conducted via VC/OAVM; time disclosed.
• Remote e-voting prior to AGM and e-voting at AGM used.
• Record date disclosed; attendance details summarized; mode noted.

Key Resolutions

• Resolution 1: Adoption of annual audited financial statements — passed.
• Resolution 2: Dividend on equity shares for the financial year — passed.
• Resolution 3: Re-appointment of director retiring by rotation — passed.
• Resolution 4: Ratification of remuneration of Cost Auditors for FY 2026-27 — passed.
• Resolution 5: Approvals and modification of RPT with Controp-Paras Technologies (associate) — passed.
• Resolution 6: Approval of RPT with Paras Anti-Drone Technologies (subsidiary) — not passed.

Dividend Details

• Dividend approved on equity shares; per-share amount not disclosed.

Director Changes

• Director re-appointment: retiring by rotation; term not specified.

Cost Auditor Remuneration

• Remuneration for Cost Auditors ratified for FY 2026-27.

Material Related Party Transactions

• RPT with Controp-Paras Technologies (associate) approved; value not disclosed.
• RPT with Paras Anti-Drone Technologies (subsidiary) not approved.

Overall Outcome

• Five resolutions passed; one related-party transaction not passed.

AGM Details

• AGM held on 11 September 2026 at 12:30 p.m. IST via VC/OAVM.
• Record date: 04 September 2026; total shareholders on record: 349,193.
• Mode of voting: remote e-voting before, plus e-voting during AGM via VC/OAVM.
• Promoter group attendance: 8; Public attendance via VC: 47.

Key Resolutions & Outcomes

• Resolution 1: Adoption of annual audited financial statements; passed.
• Resolution 2: Dividend on equity shares for FY ended March 2026; passed.
• Resolution 3: Re-appointment of Shilpa Amit Mahajan by rotation; passed.
• Resolution 4: Ratification of remuneration of Cost Auditors for FY 2026-27; passed.
• Resolution 5: Approval modification of material RPT with Controp-Paras Technologies (associate); passed.
• Resolution 6: Approval of RPT with Paras Anti-Drone Technologies (subsidiary); not passed.

Dividend

• Dividend on equity shares for FY ended March 31, 2026 approved.

Director Changes

• Shilpa Amit Mahajan (DIN 01087912) re-appointed by rotation.

Auditors

• Remuneration of Cost Auditors for FY 2026-27 ratified.

Related Party Transactions

• RPT with Controp-Paras Technologies (associate) approved.
• RPT with Paras Anti-Drone Technologies (subsidiary) not approved.

AGM details

• Date/time: 11 September 2026, 12:30 p.m. IST via VC/OAVM.
• Meeting concluded at 1:34 p.m. IST.
• Quorum: 55 members attended.

Key resolutions

• Adopt Audited Standalone and Consolidated Financial Statements for FY 2025-26.
• Declare dividend on equity shares for FY 2025-26.
• Re-appoint Mrs. Shilpa Amit Mahajan, retiring by rotation.
• Ratify remuneration of Cost Auditors for FY 2026-27.
• Approve/modify material related party transaction with Controp-Paras Technologies Private Limited (associate).
• Approve material related party transaction with Paras Anti-Drone Technologies Private Limited (subsidiary).

Dividend

• Dividend proposed on equity shares for FY 2025-26; amount per share not disclosed.

Voting results

• Adopt financial statements: results pending; scrutinizer report within 48 hours.
• Dividend: results pending.
• Re-appointment of Shilpa Mahajan: results pending.
• Cost Auditors remuneration ratification: results pending.
• RPT with Controp-Paras: results pending.
• RPT with Paras Anti-Drone: results pending.

Director changes

• Re-appointment of Mrs. Shilpa Amit Mahajan, retiring by rotation.

Auditors

• Cost auditor remuneration ratified for FY 2026-27.

Material related party transactions

• Controp-Paras Technologies Private Limited: material RPT with associate.

Material related party transactions – subsidiaries

• Paras Anti-Drone Technologies Private Limited: material RPT with subsidiary.

TDS on dividend and AGM details

• Intimation of TDS on dividend for FY 2025-26; dividend Rs 1 per share (20%) recommended.
• AGM on Sept 11, 2026; dividend paid electronically within 30 days after AGM, subject to approval.
• Record date fixed at Aug 28, 2026 to determine dividend eligibility.
• Last date to submit tax-related documents: Aug 28, 2026.
• Resident PAN holders: TDS at 10%; no PAN or Aadhaar-linked PAN: 20%.
• Resident non-individuals: Nil TDS if eligible declarations/documents provided.
• Non-residents: TDS 20% plus surcharge/cess; DTAA options available with conditions.
• DTAA benefits require TRC, Form 41, tax residency certificate, and other declarations.
• NSDL facility for submission of tax documents for nil/low withholding available.

Meeting Details

• Date/time: Aug 22, 2026, from 10:00 IST, physical group meeting at Nerul plant.
• Organiser: Paras Defence and Space Technologies Ltd hosting Analysts/Institutional Investors visit.
• Venue: Company plant, Nerul, Navi Mumbai.

Participants

• Company participants: Company Secretary and Compliance Officer.

Purpose

• Purpose: Analysts and institutional investors interaction to discuss business updates.

Additional Notes

• Presentation available on PARAS website.
• Schedule subject to change due to participant or company needs.
• No unpublished price sensitive information will be shared.