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.

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