Paras Defence & Space Technologies , a key player in the defence and space technology sector, has reported strong financial performance and completed a significant corporate governance milestone with overwhelming shareholder support.

Financial Performance Highlights

The company's consolidated financial results for Q2 showcase robust growth across key metrics:

Shareholder Approval for Director Reappointment

The company has successfully concluded its postal ballot process for the reappointment of Mr. Suresh Katyal as Non-Executive Independent Director. The voting results demonstrate strong shareholder confidence:

The postal ballot process was conducted through remote e-voting from November 20 to December 19, 2025, with Mr. Dinesh Kumar Deora serving as the scrutinizer.

Corporate Governance Enhancement

Mr. Suresh Katyal's reappointment as Non-Executive Independent Director for a second five-year term, effective January 5, 2026, reinforces the company's commitment to strong corporate governance. The overwhelming shareholder support reflects confidence in the leadership team's strategic direction.

Business Operations

Paras Defence continues to demonstrate strong operational performance across its key business segments:

• Optics and Optronic Systems
• Defence Engineering

The company's ability to achieve 38% revenue growth and 31% increase in net profit underscores its robust market position in the evolving defence and space technology landscape.

Paras Defence & Space Technologies has taken a significant step in enhancing India's defence capabilities by signing a licensing agreement with the Defence Research Development Organisation (DRDO), Ministry of Defence, Government of India. The agreement focuses on the transfer of technology for the Driver Night Sight (DNS) system for T-90 tanks.

Key Highlights of the Agreement

• Technology: Driver Night Sight (DNS) for T-90 Tank
• Parties Involved:
  • Paras Defence & Space Technologies Limited
  • Defence Research Development Organisation (DRDO), Ministry of Defence

Implications of the Agreement

1. Enhanced Defence Manufacturing: This partnership aims to boost India's domestic defence manufacturing capabilities.
2. Increased Indigenous Content: The agreement is expected to raise the percentage of domestically produced components in defence equipment.
3. Technological Advancement: The transfer of night vision technology for T-90 tanks signifies a step forward in India's military technological capabilities.

About the Technology

The Driver Night Sight (DNS) system is a crucial component for T-90 tanks, enabling drivers to navigate effectively in low-light conditions. This technology transfer could potentially improve the operational capabilities of India's armored forces.

Company Statement

Paras Defence & Space Technologies Limited has informed the stock exchanges about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

While the financial terms of the agreement have not been disclosed, this partnership with DRDO could potentially open up new opportunities for Paras Defence & Space Technologies in the defence sector.

Investors and market watchers will likely keep a close eye on how this agreement impacts the company's future projects and financial performance.