Paras Defence and Space Technologies has received an order from Instruments Research and Development Establishment (IRDE), Ministry of Defence, Government of India, Dehradun, valued at approximately Rs 61.43 crore (incl taxes) for Upgrade of Optronic Periscope Sight with Accessories, including ESM Warner, for Indian Naval Submarine Application.Powered by Capital Market - Live

Opto Electronics Factory (OLF) is a unit of India Optel Ltd., Govt. of India Enterprise, Ministry of Defence, Dehradun. The contract is for the supply of 5 types of electronic control sub-systems used in thermal imaging fire control system (TIFCS) delivered by OLF to Indian Armed Forces. The contract has to be executed within a period of 24 months. Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals ' defence and space optics, defence electronics solutions, and heavy engineering. As on 30 June 2024, the Government of India held 58.94% in the company. The company had reported 47.13% rise in consolidated net profit to Rs 13.86 crore on a 42.05% increase in sales to Rs 87.09 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Net profit of Paras Defence and Space Technologies rose 47.13% to Rs 13.86 crore in the quarter ended September 2024 as against Rs 9.42 crore during the previous quarter ended September 2023. Sales rose 42.05% to Rs 87.09 crore in the quarter ended September 2024 as against Rs 61.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales87.0961.31 42 OPM %26.1125.31 - PBDT21.8515.66 40 PBT18.1612.17 49 NP13.869.42 47 Powered by Capital Market - Live

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Paras Defence and Space Technologies has allotted 12,93,604 equity shares, to eligible QIBs at the issue price of Rs 1,045 per equity share (including a premium of Rs 1,035 per equity share, aggregating to Rs 135.18 crore, pursuant to the QIP. Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the Company stands increased from Rs 39,00,00,610 consisting of 3,90,00,061 equity shares to Rs 40,29,36,650 consisting of 4,02,93,665 equity shares. Powered by Capital Market - Live

Paras Anti-Drone Technologies, a subsidiary of Paras Defence and Space Technologies (Paras), has won the ADITI 1.0 Challenge for Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites. The Scheme/Challenge was launched by Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP) ' Ministry of Defence, Government of India as ADITI (Acing Development of Innovative Technologies with iDEX), a Scheme under iDEX for Promoting Innovations in Critical and Strategic Defence Technologies. As per the Scheme, Paras Anti-Drone Technologies is eligible for a grant amount upto 50% of the Product Development Budget (PDB), with a maximum limit of Rs. 25 crore. Pursuant to this award, Paras Anti-Drone Technologies will engage in the development of a groundbreaking Mobile Ground Station system. This solution, under development, leverages cuttingedge phased array technology to address next-generation demands for high-data-rate connectivity and multi-satellite tracking.Powered by Capital Market - Live

Paras Defence and Space Technologies announced that Controp-Paras Technologies, an associate company, has received an order from Larsen & Toubro valued at approximately Rs 305 crore comprising of manufacturing and supply of 244 nos. of Sight - 25HD EO (Electro-Optics) System along with Extended Warranty Charges and Integrated Logistics Support ('ILS') Package, for their CIWS Program. Paras Defence and Space Technologies will be executing the Indian content of the aforementioned order valued at approximately Rs 293 crore. Powered by Capital Market - Live

Paras Defence and Space Technologies announced that CRISIL has reaffirmed the ratings on bank loan facilities at CRISIL A-;Stable / CRISIL A2+. Powered by Capital Market - Live

Paras Defence & Space Techs. announced that the Annual General Meeting (AGM) of the company will be held on 20 September 2024.Powered by Capital Market - Live

The company added that it may issue other convertible securities, in one or more tranches and/or one or more issuances simultaneously, subject to necessary approvals. Paras Defence and Space Technologies offers high precision products and turnkey solutions to the defense and space sector, operating in three main verticals ' defence and space optics, defence electronics solutions, and heavy engineering. As on 30 June 2024, the Government of India held 58.94% in the company. The company reported a consolidated net profit of Rs 14.85 crore in Q1 FY25, steeply higher than Rs 6.01 crore posted in Q1 FY24. Revenue from operations soared 72.95% YoY to Rs 83.57 crore in June 2024 quarter. Powered by Capital Market - Live