Paras Defence and Space Technologies Limited has signed an exclusive IP License Agreement with Tandem Defense LLC to manufacture and commercialize the Guardian-1 Interceptor within India. The agreement, signed on June 30, 2026, grants Paras the rights to use the Licensed IP for the Guardian-1 Interceptor, a high-speed, battery-powered counter-drone system developed by Tandem Defense's parent, Autonomous Power Corporation (Powerus). This strategic move aims to address low-cost aerial threats and expand the company's indigenous defence portfolio.

The agreement is not classified as a related party transaction, and Paras does not hold any shareholding in Tandem Defense LLC. Powerus has granted Paras an exclusive, non-transferable, and non-sublicensable license valid for an initial period of 12 months, renewable by mutual consent. The company has also appointed other parties to assist in the management of IP licenses, defence, product manufacturing, and sales operations in India.

Agreement Details

The filing submitted to the exchanges outlines the specific terms and nature of the agreement.

Technology Overview

The centerpiece of this licensing agreement is the Guardian-1 Interceptor. Developed by Powerus, this system is designed specifically to combat low-cost aerial threats. The technology is battery-powered and represents a high-speed solution in the counter-drone market. By securing these rights, Paras Defence positions itself to cater to the growing demand for indigenous defence solutions against aerial security risks.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE045601023/3f7e502d40034945.pdf

Paras Defence and Space Technologies Limited will meet Astute Investment Management Private Limited on June 27, 2026, at its corporate office in Navi Mumbai. The meeting will be conducted in a one-on-one format. The company confirmed that no unpublished price sensitive information will be shared during the interaction.

The presentation for the meeting is available on the website of Paras Defence and Space Technologies Limited . The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Minal Bhate, Company Secretary and Compliance Officer, signed the intimation on June 25, 2026. The company noted that the delay in submission was due to the late receipt of the final meeting schedule from external organizers. The schedule of the meet remains subject to change due to exigencies on the part of the organizer or the company.

Meeting Details