Paras Defence and Space Technologies Limited (PARAS), a leading defence and space technology company listed on both BSE and NSE, has announced that it has received an incremental order worth Rs. 26.6 crores (including taxes) from the Opto Electronics Factory (OLF), a unit of India Optel Ltd., Government of India Enterprise, Ministry of Defence. This order is for the supply of Electronic Control Systems used in Thermal Imaging Fire Control System (TIFCS) for battle-tank applications being delivered by OLF to the Indian Armed Forces.

This announcement was made in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and aligns with SEBI’s disclosure guidelines.

Details of the Incremental Order

The Electronic Control Systems are critical components of the Thermal Imaging Fire Control System (TIFCS), which plays a crucial role in enhancing the accuracy, efficiency, and combat-readiness of battle tanks. The incremental order is valued at Rs. 26.6 crores (including taxes) and represents an addition to the existing orders previously awarded to Paras Defence.

The new orders cover additional quantities of key systems such as:

• Control Panel for Ballistic Computer

• Ballistic Computer

• Gun Positioning System

With this addition, the revised order value for the supply of Electronic Control Systems used in TIFCS now stands at approximately Rs. 141.63 crores (including taxes).

Timeframe for Execution

According to the disclosure, the execution of the incremental order will take place over a period stretching from December 2025 to September 2026. This timeframe ensures that Paras Defence has sufficient bandwidth to deliver the required systems while maintaining its high standards of quality and compliance.

Importance of the Order

This order underscores the trust and confidence placed by India’s Ministry of Defence in Paras Defence and Space Technologies. The fact that the incremental orders have been awarded to a domestic defence technology firm demonstrates India’s ongoing focus on Atmanirbhar Bharat (self-reliant India) in defence manufacturing.

The inclusion of incremental quantities for battle tank systems highlights the strategic importance of Paras Defence’s role in supplying critical components to enhance the combat readiness of the Indian Armed Forces.

Financial Impact and Growth Prospects

With this order, Paras Defence strengthens its order book and revenue visibility for the coming years. The overall contract size of Rs. 141.63 crores provides not just financial stability but also a strong base to scale further projects in the defence domain.

This development also reflects the company’s ability to deliver high-technology solutions in collaboration with government-owned defence entities, reinforcing its position as a trusted supplier in India’s defence ecosystem.

Regulatory Compliance and Governance

The company has confirmed that the order:

• Has been awarded by a domestic government entity (OLF, Ministry of Defence).

• Does not fall under related party transactions.

• Has no promoter group interest in the awarding entity.

• Has been disclosed in full compliance with SEBI’s latest guidelines for transparency.

This transparent disclosure reaffirms the company’s commitment to good governance and compliance with capital market regulations.

Conclusion

The latest Rs. 26.6 crore order is a significant milestone for Paras Defence and Space Technologies Limited, adding to its already strong portfolio of defence manufacturing contracts. With a revised order value of Rs. 141.63 crores, a clear execution timeline, and growing trust from the Indian Armed Forces, Paras Defence continues to position itself as one of the most important players in India’s defence technology sector.

By securing such contracts, the company is not only ensuring sustainable growth and stable revenues but also contributing to India’s defence preparedness and self-reliance in defence production.

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