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The contract pertains to the supply of Anti-Drone Systems, including Drone Jammers, and marks a key milestone for Paras Anti-Drone in the fast-growing counter-UAV segment.
According to an official exchange filing, the order is to be executed by March 2026. The order has been awarded by a domestic entity, the Ministry of Defence, and does not fall under related party transactions.
Further, no interest from the promoter or promoter group has been reported in the awarding entity.
Paras Defence and Space Technologies (PDST) primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering and electromagnetic pulse protection solutions.
The company has reported 1.1% rise in consolidated net profit to Rs 14.27 crore on a 11.5% rise in net sales to Rs 93.19 crore in Q1 FY26 as compared with Q1 FY25.
The counter rose 0.66% to Rs 715.50 on the BSE.
With this addition, the total order book for electronic control systems under the TIFCS programme has now increased to approximately Rs 141.63 crore, compared to Rs 115.03 crore earlier.
Paras Defence said the incremental order includes supply of control panels for ballistic computers, ballistic computers, and gun positioning systems. The company confirmed that neither its promoters nor promoter group entities have any interest in the awarding authority. The company also clarified that the transactions do not constitute related party transactions under applicable regulatory norms.
Paras Defence and Space Technologies (PDST) is a Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - cefence & space Optics, defence electronics, heavy engineering and electromagnetic pulse protection solutions.