Paras Defence and Space Technologies Limited has appointed Ms. Anushka Munjal Shah as Vice President-Business Development and Senior Management Personnel, effective July 24, 2026. The appointment strengthens the company’s leadership in business development, leveraging Ms. Shah’s specialized background in advanced technological verticals for military and space applications.

The Board of Directors approved the appointment on July 24, 2026, following a recommendation from the Nomination and Remuneration Committee. The decision was formalized during a board meeting that commenced at 03:00 p.m. and concluded at 03:30 p.m. on the same day. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Shah brings specific technical expertise to the role. She is a graduate in Mechanical Engineering from the University of Southern California. Her professional focus includes overseeing advanced technological verticals, with specialization in electro-optics, heavy electronics, and high-power laser systems designed for military and space applications.

Appointment Details

The key details of the appointment are outlined below:

Regulatory Compliance

The company submitted the intimation to both the BSE Limited and the National Stock Exchange of India Limited. The filing references SEBI Circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which governs disclosures related to senior management personnel. No relationships between directors were disclosed in connection with this appointment.

Strategic Context

The addition of a senior executive with deep technical knowledge in electro-optics and high-power laser systems aligns with Paras Defence’s core business areas. As the company continues to serve defense and space sectors, integrating specialized technical expertise into business development leadership may enhance its ability to identify and secure contracts requiring advanced technological solutions.

Paras Semiconductors, a subsidiary of Paras Defence and Space Technologies Limited , has signed a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to establish an advanced semiconductor packaging OSAT facility. The agreement includes the allotment of fifty acres of land on the Ujjain–Indore Corridor, backed by a proposed investment of ₹6,200 crore. This strategic initiative aims to strengthen India's semiconductor manufacturing ecosystem, accelerate the development of devices for strategic applications, and generate significant employment opportunities in the state.

Project Overview

The greenfield facility is designed to undertake advanced packaging operations critical for the semiconductor supply chain. The project aligns with the Government of Madhya Pradesh's Semiconductor Policy 2025 and the state's broader vision of developing an integrated ecosystem for semiconductors and advanced technologies. The Ujjain–Indore Corridor is emerging as a key technology and manufacturing corridor, supported by progressive policy initiatives and infrastructure.

Scope of Operations

Paras Semiconductors has been established to build advanced semiconductor capabilities for strategic and high-performance sensor applications. The facility will focus on developing semiconductor devices for sensor technologies, optical and optronic systems, and other strategic applications. It also offers the potential to support future expansion into AI chips and other advanced semiconductor technologies as market opportunities evolve.

Munjal Sharad Shah, Managing Director of Paras Defence and Space Technologies Ltd., highlighted the significance of the MoU, stating it marks a milestone in building indigenous capabilities. Santosh Kumar, Chief Executive Officer of Paras Semiconductor, emphasized that the project aims to strengthen domestic technology capabilities and contribute to India's long-term technological self-reliance. The intimation was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.