Paras Defence & Space Technologies announced that its subsidiary, Paras Anti-Drone Technologies Private Limited, has secured a significant order from the Ministry of Defence, Government of India. The contract, valued at approximately ₹46.19 crore (including GST), is for the supply of anti-drone systems, specifically drone jammers.

Contract Details

The order, received by Paras Anti-Drone Technologies Private Limited, encompasses the following key points:

• Contract Value: ₹46.19 crore (including GST)
• Client: Ministry of Defence, Government of India
• Nature of Order: Supply of Anti-Drone Systems, including Drone Jammers
• Delivery Timeline: Scheduled to be completed by March 2026

Strategic Implications

This contract represents a significant development for Paras Defence & Space Technologies and its subsidiary. The order underscores the company's capabilities in the critical field of anti-drone technology, which is becoming increasingly important in modern defense strategies.

Disclosure and Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Paras Defence & Space Technologies has made the necessary disclosures to the stock exchanges. The company has confirmed that this contract does not fall under related party transactions, and there is no interest from the promoter, promoter group, or group companies in the entity awarding the contract.

Market Impact

The announcement of this substantial order is likely to be viewed positively by investors and stakeholders. It demonstrates the company's ability to secure significant contracts in the defense sector and highlights its growing presence in the anti-drone systems market.

As the global focus on counter-drone technologies continues to increase, this contract positions Paras Defence & Space Technologies and its subsidiary as key players in this emerging field within the Indian defense industry.

The successful execution of this order could potentially lead to further opportunities in the defense sector, both domestically and internationally, for Paras Defence & Space Technologies.

Paras Defence & Space Technologies , a prominent player in the defence and space sector, has announced a significant international order worth approximately $3.8 million (₹34.00 crore) from Elbit Security Systems Limited, Israel. The contract involves the supply of Electro-Optics equipment, showcasing the company's expertise in advanced defence technologies.

Order Details

The order, as disclosed by Paras Defence in its regulatory filing, includes the following key points:

• Client: Elbit Security Systems Limited, Israel
• Order Value: Approximately $3.8 million (₹34.00 crore)
• Nature of Supply: Electro-Optics equipment
• Execution Period: February 2026 to November 2026

Strategic Implications

This international order marks a significant milestone for Paras Defence, highlighting its capabilities in the global defence market. The contract with Elbit Security Systems, a renowned Israeli company, underscores the Indian firm's competitiveness in supplying high-tech defence equipment to international clients.

Company Statement

In its regulatory filing, Paras Defence stated, "We are pleased to inform you that Paras Defence and Space Technologies Limited has received an international order from Elbit Security Systems Limited, Israel valued at approximately 3.8 million USD (Rs. 34 crs) for Electro-Optics."

Transparency and Compliance

The company has affirmed that the order does not involve any related party transactions. Additionally, Paras Defence clarified that the promoter group has no interest in Elbit Security Systems Limited, the entity awarding the contract, ensuring transparency in the deal.

Conclusion

This order represents a notable achievement for Paras Defence and Space Technologies Limited, potentially opening doors for future international collaborations and reinforcing its position in the global defence and space technology market. The successful execution of this contract could strengthen the Indian defence technology sector's presence in the international arena.