Paras Defence & Space Technologies has announced a strategic partnership with South Korean firm Green Optics Co., Ltd. through a Memorandum of Understanding (MoU) signed on March 04, 2026. The collaboration is designed to enhance capabilities in the development and manufacturing of advanced optical systems for space and defence applications.

Partnership Overview

The MoU establishes a comprehensive framework for cooperation between the two companies across multiple areas:

Strategic Significance

Green Optics Co., Ltd. brings specialized expertise in the design and manufacturing of optics and optical systems for space, defence, and other applications. This partnership positions both companies to leverage their respective strengths and expand their market presence in the optical systems sector.

The collaboration is expected to facilitate knowledge transfer, technology sharing, and joint business development initiatives across the companies' respective regional markets. The partnership aligns with the growing demand for advanced optical systems in both space and defence sectors.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India Limited about this strategic partnership. The announcement was signed by Managing Director Munjal Sharad Shah on March 04, 2026.

Paras defence & space technologies Limited has announced the successful incorporation of a new subsidiary company, marking its strategic entry into the semiconductor sector. The company informed stock exchanges about this significant corporate development on February 27, 2026.

New Subsidiary Details

The newly incorporated entity, Paras Semiconductors Private Limited, was established on February 27, 2026, under the Corporate Identification Number U26103MR2026PTC473988. This subsidiary represents a strategic expansion of Paras Defence's business portfolio beyond its traditional defence and space technology operations.

Business Focus and Objectives

Paras Semiconductors has been established with a clear technological mandate to develop state-of-the-art advanced heterogeneous packaging and 3D packaging OSAT (Outsourced Semiconductor Assembly and Testing) capabilities. The subsidiary will concentrate on several high-growth technology segments:

• Artificial Intelligence (AI) applications
• High-Performance Computing (HPC) solutions
• Networking infrastructure
• Data Center applications

This strategic focus positions the subsidiary to capitalize on the growing demand for advanced semiconductor packaging solutions in critical technology sectors.

Financial Investment Structure

The parent company has made a substantial initial investment in the new subsidiary through equity participation. The investment structure demonstrates Paras Defence's commitment to establishing a strong foundation for its semiconductor operations.

Regulatory Compliance

The incorporation has been completed in full compliance with regulatory requirements. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and market participants.

No specific governmental or regulatory approvals were required for this incorporation, streamlining the establishment process. The subsidiary's formation follows the company's earlier intimation dated January 19, 2026, indicating planned corporate restructuring activities.

Strategic Implications

This incorporation represents Paras Defence's diversification strategy, expanding from its core defence and space technology business into the high-growth semiconductor sector. The establishment of Paras Semiconductors Private Limited positions the company to participate in India's growing semiconductor ecosystem, particularly in advanced packaging and testing services that are crucial for next-generation technology applications.