Atmastco Defence Systems Private Limited, a wholly owned subsidiary of Atmastco Limited , has received a Technology Absorption Certificate from the Defence Research and Development Organisation (DRDO). Issued on June 25, 2026, the certification confirms the subsidiary's successful absorption of technology for the manufacture of Bullet Proof Jackets for Level 6 of BIS 17051:2018. This milestone strengthens the company's defence manufacturing capabilities and is expected to enhance its participation in procurement and indigenisation initiatives, subject to obtaining necessary statutory approvals.

The certification was granted under Technology Transfer License No. DRDO/DIITM/TOT/2025/1975 dated January 17, 2025. DRDO certified that Atmastco Defence Systems absorbed the technology under the supervision of DMSRDE, Kanpur, and is capable of manufacturing the product in accordance with the Technology Transfer documentation. The certificate remains valid up to January 16, 2035.

Technology Transfer Details

The transfer of technology covers the manufacturing of high-protection gear compliant with BIS standards. The specific details of the certification are outlined below:

The certificate was issued by the Directorate of Industry Interface & Quality Management (DIIQM), DRDO HQs, on the recommendation of the Director, DMSRDE, Kanpur. The document confirms that the subsidiary can manufacture the product as per the Technology Transfer document provided by the laboratory.

Statutory Compliance Requirements

While the technology absorption has been certified, the commencement of production is contingent upon compliance with specific regulatory requirements. The subsidiary must secure requisite licenses for manufacturing, including an Industrial License for Defence Company as per Press Note 1 (2019 Series) under the IDR Act 1951 and the Arms Act 1959, as amended. Additionally, a PESO license is required before production can begin.

Atmastco Limited has accepted the resignation of Rajendra Biswal as Company Secretary and Compliance Officer, effective July 7, 2026. The resignation, tendered on June 29, 2026, was approved by the Board of Directors during its meeting held the same day. Biswal is leaving the organization to pursue an alternate career opportunity.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Biswal will cease to hold the position of Key Managerial Personnel from the close of business hours on July 7, 2026. There are no other material reasons for the resignation apart from the stated career opportunity.

The Board meeting commenced at 5:30 P.M. and concluded at 6:00 P.M. on June 29, 2026. Subramaniam Swaminathan Iyer, Managing Director, signed the regulatory filing. The company has requested that the necessary steps be taken to file forms with the Registrar of Companies and intimate the Stock Exchange regarding the change.

Resignation Details

The following table outlines the key particulars regarding the change in the company's compliance officer:

Biswal confirmed that there are no other material reasons for his resignation. He expressed appreciation to the Board and colleagues for their guidance and support during his tenure.