Paras Defence & Space Technologies Limited has filed its mandatory annual disclosure with BSE and NSE on April 03, 2026, confirming that no encumbrance was created on promoter shareholdings during the financial year ended March 31, 2026.

Regulatory Compliance Filing

The disclosure was submitted pursuant to Regulation 31(4) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Promoter Sharad Virji Shah filed the declaration on behalf of all promoters and promoter group members, confirming no encumbrance was made on shares held directly or indirectly, except for those already disclosed during FY26.

Managing Director Munjal Sharad Shah digitally signed the company's submission to both stock exchanges, with the filing timestamped at 11:35:28 +05'30' on April 03, 2026.

Promoter Structure Details

The company's promoter and promoter group structure comprises eight entities, as detailed in the regulatory filing:

Stock Exchange Communication

The filing was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed. BSE received the disclosure for scrip code 543367, while NSE was informed under trading symbol PARAS. Both exchanges were requested to acknowledge receipt and take the information on record.

The disclosure represents standard regulatory compliance for listed companies, ensuring transparency regarding promoter shareholding arrangements and any potential encumbrances that could affect ownership structures.

Paras Defence & Space Technologies Limited has secured a substantial order from the Defence Research and Development Organisation (DRDO), Ministry of Defence, valued at Rs 7.72 crore. The contract focuses on the development of advanced Ku/C-Band Satellite Communication Phased Array Antennas specifically designed for airborne applications.

Order Details and Specifications

The comprehensive order encompasses the complete development of sophisticated satellite communication technology for defence applications. The project represents a significant technological undertaking in the satellite communication domain, focusing on phased array antenna systems that are crucial for modern airborne communication requirements.

Project Timeline and Execution

The development contract provides Paras Defence with a comprehensive timeline extending until April 29, 2028. This extended execution period allows for thorough research, development, testing, and delivery of the sophisticated antenna systems. The timeline reflects the complex nature of developing advanced satellite communication technology for defence applications.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026. The disclosure was formally communicated to BSE Limited and National Stock Exchange of India Limited on April 30, 2026.

Strategic Significance

This order reinforces Paras Defence's capabilities in developing cutting-edge defence technology solutions. The contract involves no related party transactions and maintains arm's length dealing principles. The company's promoters and group companies have no interest in the awarding entity, ensuring transparent business practices.

The successful acquisition of this DRDO contract demonstrates the company's technical expertise in satellite communication systems and strengthens its position within India's defence technology ecosystem. The project focuses on airborne applications, highlighting the strategic importance of advanced communication systems in modern defence operations.