Paras Defence & Space Technologies has officially signed a strategic 10-year agreement with Bandak Aviation Inc. DBA Northstar, USA, to supply air-to-air refueling systems and accessories to the Indian Armed Forces. The company disclosed this significant partnership through a regulatory filing under SEBI Regulation 30.

Official Agreement Details

The comprehensive partnership establishes an exclusive collaboration framework between the two companies for developing, facilitating, and providing depot-level capability to sell and support Northstar products and services to the Indian Armed Forces.

Strategic Partnership Framework

Northstar is recognized as a leading company with extensive capabilities in the design, development, manufacturing, enhancement, and provisioning of aerial refueling product lines for various airborne platforms. The partnership will enable both companies to collaborate exclusively during the agreement term to develop comprehensive support capabilities for Northstar's product portfolio.

Regulatory Compliance

The agreement was formally disclosed to BSE Limited and National Stock Exchange of India Limited as per SEBI listing requirements. The company confirmed that this transaction does not involve any related party arrangements, with Paras Defence holding no shareholding in Northstar or its group companies.

Defense Sector Implications

This collaboration strengthens India's military aviation capabilities by bringing advanced American aerial refueling technology to support the Indian Armed Forces. Air-to-air refueling systems are critical for extending aircraft operational range and mission duration, significantly enhancing the strategic capabilities of military aviation operations.

The exclusive nature of the partnership positions Paras Defence as the primary channel for Northstar's advanced refueling systems in the Indian defense market, providing long-term business visibility and establishing the company as a key supplier of critical military equipment.

Source: None/Company/INE045601023/4ceb69f7-e240-4ba9-951a-b6bb5bee1f68.pdf

Paras Defence & Space Technologies Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026. The submission was made on April 08, 2026, to both BSE Limited and National Stock Exchange of India Limited as part of regulatory compliance requirements.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates companies to provide quarterly confirmations regarding the status of their securities in dematerialized form.

Registrar Confirmation

The certificate was provided by MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, which serves as the company's Registrar and Share Transfer Agent. The registrar confirmed two key compliance points for the quarter:

• No requests for dematerialization of securities were received during the quarter ended March 31, 2026
• The company has not mutilated, cancelled, or issued any share certificate during this period

Stock Exchange Details

The compliance certificate was submitted to both major Indian stock exchanges where the company's shares are listed.

Company Authorization

The filing was authorized by Munjal Sharad Shah, Managing Director of Paras Defence and Space Technologies Limited, with DIN: 01080863. The document was digitally signed on April 08, 2026, at 17:55:41 +05'30'.

This quarterly compliance filing demonstrates the company's adherence to SEBI regulations and confirms that all securities remain in electronic form, facilitating efficient trading and settlement processes for investors.