Paras Defence and Space Technologies has received an order from Instruments Research and Development Establishment (IRDE), Ministry of Defence, Government of India, Dehradun, valued at approximately Rs 61.43 crore (incl taxes) for Upgrade of Optronic Periscope Sight with Accessories, including ESM Warner, for Indian Naval Submarine Application.Powered by Capital Market - Live News

Net profit of Paras Defence and Space Technologies rose 47.13% to Rs 13.86 crore in the quarter ended September 2024 as against Rs 9.42 crore during the previous quarter ended September 2023. Sales rose 42.05% to Rs 87.09 crore in the quarter ended September 2024 as against Rs 61.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales87.0961.31 42 OPM %26.1125.31 - PBDT21.8515.66 40 PBT18.1612.17 49 NP13.869.42 47 Powered by Capital Market - Live News

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live News

Paras Defence and Space Technologies has allotted 12,93,604 equity shares, to eligible QIBs at the issue price of Rs 1,045 per equity share (including a premium of Rs 1,035 per equity share, aggregating to Rs 135.18 crore, pursuant to the QIP. Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the Company stands increased from Rs 39,00,00,610 consisting of 3,90,00,061 equity shares to Rs 40,29,36,650 consisting of 4,02,93,665 equity shares. Powered by Capital Market - Live News

Paras Anti-Drone Technologies, a subsidiary of Paras Defence and Space Technologies (Paras), has won the ADITI 1.0 Challenge for Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites.The Scheme/Challenge was launched by Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP) - Ministry of Defence, Government of India as ADITI (Acing Development of Innovative Technologies with iDEX), a Scheme under iDEX for Promoting Innovations in Critical and Strategic Defence Technologies. As per the Scheme, Paras Anti-Drone Technologies is eligible for a grant amount upto 50% of the Product Development Budget (PDB), with a maximum limit of Rs. 25 crore.Pursuant to this award, Paras Anti-Drone Technologies will engage in the development of a groundbreaking Mobile Ground Station system. This solution, under development, leverages cuttingedge phased array technology to address next-generation demands for high-data-rate connectivity and multi-satellite tracking.Powered by Capital Market - Live News