Paras Defence and Space Technologies Releases Q2 Financial Results; Sets Record Date for Proposed Dividend

Paras Defence and Space Technologies Releases Q2 Financial Results; Sets Record Date for Proposed Dividend​

Paras Defence and Space Technologies Limited announced its unaudited financial results for the quarter ended June 30, 2026, alongside key board decisions regarding the upcoming Annual General Meeting (AGM) and a strategic divestment plan. The company also set the record date for the proposed final dividend based on earlier recommendations.

The Board of Directors meeting held on August 7, 2026, reviewed and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Statutory Auditors provided a Limited Review Report on the Unaudited Standalone Financial Results, stating that nothing came to their attention which suggested material misstatement or undisclosed information.

Q2 Financial Performance Snapshot​

The company reported its performance across both standalone and consolidated segments. For the quarter ended June 30, 2026, the Standalone Profit and Loss statement showed specific figures for revenue and expenses (in Lakhs).

Key financial highlights from the Unaudited Standalone Profit and Loss statement include:

Consolidated Results and Segment Overview​

The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026, showed a Total Income of 12,985 Lakhs. The company also reported investments in newly incorporated entities, Paras Semiconductors Private Limited and Paras Avionics Private Limited, which became subsidiaries during the quarter.

The results were reviewed by the Audit Committee and approved by the Board of Directors. The following table summarizes the segment revenue performance (in Lakhs):

Corporate Governance and Strategic Moves​

The Board meeting addressed several governance matters:

• AGM Details: A notice was issued to convene the 17th Annual General Meeting (AGM) on Friday, September 11, 2026, which will be held via video conferencing or other audio-visual means.
• Appointments: Mr. Dinesh Kumar Deora of M/s DM & Associates Company Secretaries LLP was appointed as Scrutinizer for the 17th AGM. Furthermore, Mrs. Shilpa Amit Mahajan (DIN: 01087912), who is retiring by rotation and eligible, offered herself for re-appointment.
• Related Party Transactions: The Board approved Material Related Party Transaction(s) involving both ContropParas Technologies Private Limited (Associate Company) and Paras AntiDrone Technologies Private Limited (Subsidiary Company).

Dividend Recommendation and Stake Divestment​

The company fixed Friday, August 28, 2026, as the 'Record Date' for determining members eligible to receive the proposed Final Dividend of Rs. 1/- per equity share. This dividend relates to the Financial Year ended March 31, 2026, which was previously recommended by the Board on May 13, 2026.

In a strategic move, the company announced the proposal for divestment of its entire equity stake—47.50%—held in its Associate Company, Krasny Paras Defence Technologies Private Limited ('Krasny Paras'). This stake comprises 5,22,500 equity shares of face value Rs. 10/- each. Following this transaction, Krasny Paras will cease to be an Associate of the company.

PARAS Stock Price Movement​

Paras Defence and Space Technologies Limited shares slipped by 3.17% today, closing at ₹1274.90. The stock saw a traded volume of approximately 1.25 million shares during the session.