Annual Return

Financial Year 1st Apr-31st Mar
2023-24 Annual Return
2022-23 Annual Return
2021-22 Annual Return
2020-21 Annual Return

Annual Secretarial Compliance

Financial Year 1st Apr-31st Mar
2023-24 Report
2022-23 Report
2021-22 Report

Corporate Announcement

Announcement
April 04, 2023 - Large Entity Disclosure 2023
April 06, 2023 - Authority for determining KMP for disclosure of Material Event
April 06, 2023 - Event Receipt of Type Certificate from DGCA for Agriculture
April 11, 2023 - Paras Anti-drone signs MOU with Spacekawa Explorations Private Limited
May 16, 2023 - MoU with Society of Applied Microwave Electronics Engineering Research (SAMEER)
May 17, 2023 - Proposed Formation Of An Associate Company
May 31, 2023 - Intimation w.r.t SEBI Circular
June 01, 2023 - Joint Venture Agreement with CONTROP
June 16, 2023 - Receipt of Purchase Order from IRDE
June 29, 2023 - Research Analyst Meet with Jefferies India
July 03, 2023 - Receipt of Purchase Order from CSIR_
September 02, 2023 - Granting of Patent from Government of India
September 21, 2023 - Reconstitution of Stakeholders Relationship Committee
September 29, 2023 - Alteration in object clause of Memorandum of Association
September 29, 2023 - Change in Directorate – Re-appointment of Mrs. Shilpa Amit Mahajan
September 29, 2023 - Re-appointment of Statutory Auditor
October 19, 2023 - Receipt Of Second Type Certificate From DGCA For Agriculture Drone To Our Subsidiary
October 20, 2023 - Intimation Of Proposed Formation Of A Wholly Owned Subsidiary Company
October 21, 2023 - Intimation to Incorporate Proposed Associate Company By Entering Into A Joint Venture Agreement
November 06, 2023 - Alteration To The Joint Venture Agreement With Micro-Lam Inc.
November 20, 2023 - Change in Directorate
December 13, 2023 - Proposed Formation of Subsidiary Company
December 13, 2023 - Resignation of Company Secretary
January 01, 2024 - Intimation Of Incorporation Of a Wholly Owned Subsidiary Company
January 11, 2024 - Intimation for incorporation of Subsidiary Company named Mechtech Thermal Private Limited
February 05, 2024 - Transfer of Technology of Smart Warehouse for Safe Storage of Grains by SAMEER to Paras Defence
February 09, 2024 - Appointment of Company Secretary and Compliance Officer JR

Corporate Governance Report

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Compliance Certificates

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22

-

 - Q3 Q4

Financial Year 1st Apr-31st Mar
2023-24 Compliance Certificate
2022-23 Compliance Certificate
2021-22 Compliance Certificate

Financial Year 1st Apr-31st Mar
2023-24 Compliance Certificate
2022-23 Compliance Certificate
2021-22 Compliance Certificate

Credit Rating

Year Credit Rating
2024 April ICRA
2024 November ICRA
2024 September CRISIL
2023 June CRISIL
2023 January ICRA
2022 May CRISIL
2021 April CRISIL
2021 October ICRA

Disclosures

Month Announcement
April Event Receipt of Type Certificate from DGCA for Agriculture
April Paras Anti-drone signs MOU with Spacekawa Explorations Private Limited
April Authority for determining KMP for disclosure of Material Event
May MoU with Society of Applied Microwave Electronics Engineering Research (SAMEER)
May Proposed Formation Of An Associate Company
May Intimation w.r.t SEBI Circular
June Joint Venture Agreement with CONTROP
June Receipt of Purchase Order from IRDE
June Research Analyst Meet with Jefferies India
July Receipt of Purchase Order
July Granting of Patent from Government of India
September Re-appointment of Statutory Auditor
September Alteration in object clause of Memorandum of Association
September Change in Directorate – Re-appointment of Mrs. Shilpa Amit Mahajan
September Reconstitution of Stakeholders Relationship Committee
October Receipt Of Second Type Certificate From DGCA For Agriculture Drone To Our Subsidiary
October Intimation to Incorporate Proposed Associate Company By Entering Into A Joint Venture Agreement
October Intimation Of Proposed Formation Of A Wholly Owned Subsidiary Company
November Alteration To The Joint Venture Agreement With Micro-Lam Inc.
November Change in Directorate
December Proposed Formation of Subsidiary Company
December Resignation of Company Secretary
January Intimation for incorporation of Subsidiary Company named Mechtech Thermal Private Limited
January Transfer of Technology for Remote Control Border Defence System named as Weaponisation of Hand Held Thermal Imager with LRF (WHHTI) to Paras Defence
January Intimation Of Incorporation Of a Wholly Owned Subsidiary Company
February Transfer of Technology of Smart Warehouse for Safe Storage of Grains by SAMEER to Paras Defence
February Appointment of Company Secretary and Compliance Officer

Financials

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Financial Year
2023-24
2022-23

General Meeting

Intimation of Closure of Trading Window

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Investor Grievance

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Investor Presentation & Meeting

Presentation
Paras Defence Investor Presentation - 2025

List of Committees

Mr. Manmohan Handa Chairman
Mr. Suresh Katyal Member
Mr. Munjal Sharad Shah Member

Mr. Manmohan Handa Chairman
Mr. Suresh Katyal Member
Mr. Sharad Virji Shah Member

Mr. Munjal Sharad Shah Chairman
Dr. Hina Amol Gokhale Member
Mr. Manmohan Handa Member

Mr. Manmohan Handa Chairman
Mr. Munjal Sharad Shah Member
Mr. Suresh Katyal Member

Mr. Sharad Virji Shah Chairman
Mr. Munjal Sharad Shah Member
Mrs. Shilpa Amit Mahajan Member
Mr. Manmohan Handa Member

Kaajal Harsh Bhansali Presiding Officer
Shivangi Mahajan External Member
Archana Jagtap Member
Priyanka Thakur Member
Rajesh Sanghvi Member
Namrata Sonone Member
Asha Moger Member
R. Rajagopalan Member

Notices & Outcomes

Apr-Jun Jul-Sept Oct-Dec Jan-Mar
Q1
Q2
Q2
Q3
Q4
Apr-Jun Jul-Sept Oct-Dec Jan-Mar
Q1
Q2
Q3
Q4
Apr-Jun Jul-Sept Oct-Dec Jan-Mar
Q1
Q2
Q3
Q4
Apr-Jun Jul-Sept Oct-Dec Jan-Mar
- -
Q3
Q4

Apr-Jun Jul-Sept Oct-Dec Jan-Mar
Apr-Jun Jul-Sept Oct-Dec Jan-Mar
Apr-Jun Jul-Sept Oct-Dec Jan-Mar
Apr-Jun Jul-Sept Oct-Dec Jan-Mar
- -

Policies

Policies
Archival Policy
Code of Conduct for Board of Directors and SMPs
Code of Conduct for Regulating Monitoring and Reporting
Code of practices and procedures for fair disclosure of UPSI
Corporate Social Responsibility Policy
Dividend Distribution Policy
Familiarization Program for Independent Directors
Materiality Policy
Materiality Policy for Related Party Transactions
Nomination Remuneration Policy
Policy for delegation of Powers by Board
Policy for Determining Material Subsidiaries
Policy on Accountable Advocacy
Policy on Anti-Corruption and Anti-Bribery
Policy on Employees Wellness
Policy on Environment, Health & Safety
Policy on Evaluation of Performance of Board of Directors
Policy on Freedom Association
Policy on Human Right
Policy on Life Cycle Sustainability
Policy on Preservation of Documents
Policy on Responsibility to the Customers and their Engagement
Policy on Succession Planning for Board and Senior Management
Policy To Promote Diversity On The Board Of Directors
Prohibition of child labour and prevention of forced labour at the workplace policy
Risk Management Policy
UPSI Leak Inquiry Policy
Vigil Mechanism & Whistle Blower Policy
Whistle Blower and Anti-Sexual Harassment Policy
Whistle Blower Operating Guidelines

Prospectus

Prospectus
Draft Red Herring Prospectus
Paras Prospectus
Red Herring Prospectus

Reconciliation of Share Capital Report

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Related Party Transactions

Shareholding Pattern

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 Q1 Q2 Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - Q2 Q3 Q4

Statement of Deviation and Variation

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 - - Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - - Q3 Q4

Financial Year Apr-Jun Jul-Sept Oct-Dec Jan-Mar
2024-25 - - Q3 -
2023-24 Q1 Q2 Q3 Q4
2022-23 Q1 Q2 Q3 Q4
2021-22 - - Q3 Q4

Terms and Conditions of Appointment of Independent Directors

Terms and Conditions of Appointment of Independent Directors
Terms and Conditions of Appointment of Independent Directors

QIP-2024

Year Announcements
2024 Preliminary Placement Document-QIP 2024
2024 Placement_Document_-_QIP_2024

Subsidiaries

Financial Year Announcements
2023-24 Financials
2022-23 Financials
2020-21 Financials
2020-21 Financials
2019-20 Financials

Financial Year Announcements
2023-24 Financials
2022-23 Financials
2021-22 Financials
2020-21 Financials
2019-20 Financials

Financial Year Announcements
2023-24 Financials

Financial Year Announcements
2023-24 Financials
2022-23 Financials
2021-22 Financials
2020-21 Financials
2019-20 Financials
2018-19 Financials

Financial Year Announcements
2023-24 Financials
2022-23 Financials
2021-22 Financials
2020-21 Financials
2019-20 Financials
2018-19 Financials

Financial Year Announcements
2023-24 Financials

Financial Year Announcements
2023-24 Financials
2022-23 Financials

ESOP

Year Announcements
2024 ESOP Scheme

Memorandum and Articles of Association

Memorandum and Articles of Association
Memorandum of Association
Articles of Association

Regulation 46 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015

Regulation 46 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015
Details of its Business
Memorandum of Association and Articles of Association
Brief profile of board of directors including directorship and full-time positions in body corporates
Terms and Conditions of appointment of Independent directors
Composition of various Committees of the Board of Director
Code of Conduct of Board of Directors and Senior Management Personnel
Details of Establishment of Vigil Mechanism/ Whistle Blower Policy
Policy on Dealing with Related Party Transactions
Policy for Determining ‘Material’ Subsidiaries
Details of Familiarization Programmes imparted to Independent Directors
The email address for grievance redressal and other relevant details
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievance
Financial Information
Shareholding Pattern
Credit Ratings
Separate audited financial statements of each subsidiary of the listed entity in respect of a relevant financial year
Secretarial Compliance Report
Policy for Determination of Materiality of Events or Information
Disclosure of contact details of Key managerial personnel
Disclosures under Sub-regulation (8) of Regulation 30 of these Regulations
Statements of Deviation(s) or Variation(s)
Dividend Distribution Policy
Annual Return

Brief profile of board of directors including directorship and full-time positions in body corporates

Mr. Sharad Virji Shah

Mr. Sharad Virji Shah, the Chairman and Non-Executive Director of the Company, is a visionary leader whose entrepreneurial journey began in 1979 when he founded M/s. Paras Engineering Co., the predecessor to the current company. This marked the start of what would become a long and successful career in business, laying the foundation for what is now a flourishing enterprise. His deep-rooted understanding of the industry, combined with his innovative thinking, has been instrumental in shaping the company’s growth trajectory over the years. Since the inception of Company, he has been an integral part of the Board of Directors. His extensive experience and leadership have significantly contributed to the growth and development of the company over the years.

Mr. Sharad Virji Shah

Mr. Munjal Sharad Shah is the Managing Director of the Company. He has an extensive managerial experience spanning over two decades. He joined the Company as Director w.e.f. June 16, 2009. As one of the promoters and main contributors to the Company's growth and development, he has played a pivotal role in shaping the organization's success. With his dynamic approach and futuristic vision, he has been instrumental in growing the company from a small engineering company to large scale Company with diverse technologies serving the Defence and Space Sector in India and beyond. With foundation of hands-on engineering experience, he has exceptional customer relations and retention skills. He has been conceptualizing the growth of the business with an acute focus on future technologies. His leadership skills make him a valuable asset to the Company and his contributions have been instrumental in its growth and success. He has the ability to drive growth through multiple avenues and excels in enhancing productivity, managing large-scale operations and consistently improving product quality.

Mr. Sharad Virji Shah

Mrs. Shilpa Amit Mahajan, the Whole-time Director of the Company, plays a pivotal role in shaping the vision and growth trajectory of the organization. Her extensive experience and leadership abilities have been central to driving the company’s strategic initiatives. Since joining the Board on June 25, 2018, she has consistently demonstrated a deep understanding of the industry and the business landscape, which has helped steer the company through various phases of development and transformation. Her leadership extends beyond day-to-day operations, where her insights have been invaluable in making key decisions that align with the company’s long-term goals. Over the years, she has played a significant role in the expansion of the company, identifying opportunities for growth, guiding successful projects, and ensuring that the company remains competitive in a dynamic market. With her exceptional blend of experience, commitment and vision, Mrs. Shilpa Amit Mahajan continues to be an integral part of the company’s leadership team, driving the company towards greater success and sustainability in the industry.

Mr. Sharad Virji Shah

Mr. Manmohan Handa is a Non-Executive Independent Director of the Company and brings a wealth of experience and expertise to the Board. With a career spanning over four decades, he has built a remarkable legacy of leadership and excellence in the defence and electronics sectors. He holds a bachelor’s degree in engineering from the prestigious National Institute of Technology (NIT), Kurukshetra, along with a Post Graduate Diploma from the Indian Institute of Material Management, both of which have provided him with a solid academic foundation that complements his extensive professional experience. Throughout his long and noteworthy career at Bharat Electronics Limited (BEL), one of India’s leading defence and electronics companies, he held several pivotal senior roles in different units of Bharat Electronics Limited including Head - Antenna & Systems for Ghaziabad Unit, General Manager - Navi Mumbai Unit, General Manager- Export Manufacturing, General Manager-Missile Systems. He was on the Board of Directors of BEL as Director – Bengaluru Complex (Bengaluru Complex is amalgamation of 16 SBUs ranging from Military Radars, Missile systems, Naval Systems, Avionics, Seekers, Military Communications, Homeland Security and Cyber Security). He has been on our Board since January 08, 2019. His deep understanding of large-scale operations, coupled with his technical expertise, allows him to offer valuable insights into the company’s long-term direction and strategic initiatives. His contributions to the Board are instrumental in navigating complex challenges and seizing opportunities for the company’s continued success.

Mr. Sharad Virji Shah

Mr. Suresh Katyal is a Non-Executive Independent Director of our Company. He holds a bachelor’ s degree of science in engineering and a master’s degree in business administration from Punjab University. He has 38 years of experience of working with Bharat Electronics Limited and has worked in different areas of product assurance, quality control, testing, telecom and broadcasting and defence. He has been on our Board since January 05, 2021. He adds significant value to our company's Board. His vast experience, particularly in defence-related sector, makes him an asset for advising on projects involving technology, compliance, and product quality. In addition to his technical expertise, his degree in masters provides him with a broader perspective on business strategy, operations and financial matters, further enhancing his contributions to the Board. His independent status ensures that he can provide objective advice and oversight, playing a key role in shaping the company's growth and navigating complex challenges.

Mr. Sharad Virji Shah

Dr. Hina Amol Gokhale, a Non-Executive Woman Independent Director of the Company, is a distinguished professional with a diverse and accomplished career spanning over 38 years. She holds a strong academic foundation, with a bachelor’s degree in science from Gujarat University, followed by a master’s degree and a Ph.D. in Statistics from the renowned University of Pittsburgh, USA. Her academic credentials, combined with her extensive experience, have shaped her as an expert in various fields, including human resources, experiment design and analysis, policy development and project management. Her career is marked by her significant contributions to defence and research, especially through her work at the Defence Research and Development Organization (DRDO) in New Delhi. During her tenure at DRDO, she held several influential positions where she applied her statistical expertise to complex experimental designs, policy frameworks, and project management initiatives. Her role in DRDO allowed her to work on high-impact projects, contributing to the organization’s mission to develop cutting-edge technologies and solutions for national defence. She currently serves as a visiting faculty member at Indian Institute of Technology (IIT), Bombay. She has been on our Board since April 1, 2020. Her contributions have helped enhance the company’s governance and operational effectiveness, and her deep understanding of complex systems continues to influence strategic decision-making, ensuring the company remains competitive and forward-looking in its approach.

Shareholder's Helpdesk

Corporate Details:

Paras Defence and Space Technologies Limited
D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai - 400706
CIN: L2923MH2009PLC193352
Email: cs@parasdefence.com
Tel: +91-22-6919 9999
Fax: +91-22-6019 0090

For Investor Grievance:

Jajvalya Raghavan
Company Secretary & Compliance Officer
Email: cs@parasdefence.com
Tel: +91-22-6919 9919

Key Contacts:

Munjal Sharad Shah
Managing Director
Email: ir@parasdefence.com
Tel: +91-22-6919 9999

Harsh Dhirendra Bhansali
Chief Financial Officer
Email: ir@parasdefence.com
Tel: +91-22-6919 9999

For Institutional Investors / Analysts Queries:

Email: business@parasdefence.com
Tel: +91-22-6919 9999

Registrar to Issue and Share Transfer Agent:

MUFG Intime India Pvt. Ltd. (Formerly known as Linkin Time India Pvt. Ltd.)
C-101, 247 Park, L B S Marg,
Vikhroli (West), Mumbai - 400 083
Phone: +91-22-4913 0000 (Extn: 232101)
Fax: +91-22-4918 6060
Email: rnt.helpdesk@linkintime.co.in | Website: www.linkintime.co.in

CONTACT US

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D, 112, Thane - Belapur Rd, MIDC Industrial Area, TTC Industrial Area, Nerul, Navi Mumbai, Maharashtra 400706

Tel.: 022- 69199999

Fax : +91-22-6919 9990

Email: business@parasdefence.com

Optics Mfg, Opto-Mech Integration, Electronics D&E, System Integration, Directors & Corporate Departments

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M-6, Addl. MIDC, Ambernath (E), Thane - 421506

Tel.: +91-8879365014

Email: office@parasdefence.com

Heavy Engineering Mfg., Mechanical System Integration, Test Facilities

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#23,2nd floor,Sankey Square,Sankey Road,Lower Palace Orchards, Bengaluru -560003

Tel.: 08023464139

Fax : 08023464142

Email: business@parasdefence.com

Optics Design, Advanced Electronics System Design, Sales & Marketing, Projects & Customer Interface, After Sales Support​

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108/A, Survey No. 262 IDAphase-2, B N Reddy Nagar, Cherlapalli, Hyderabad, Telangana, India-500051

Tel.: +91 9986383353

Fax : +91-22-6919 9990

Email: business@parasdefence.com

Electronics D&E, System Integration

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Presence in Delhi, Chennai, Pune etc.

Sales & Marketing, Customer Interface, Post Sales Co-ordination​