Paras Defence Reports FY26 Audited Results; Board Recommends ₹1 Final Dividend

Paras Defence & Space Technologies held its Board of Directors meeting on May 13, 2026, approving the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The board also recommended a final dividend of Rs. 1/- per equity share of Rs. 5/- each for FY26. The meeting commenced at 12:00 noon and concluded at 2:25 p.m., with the outcome filed pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Standalone Financial Performance

On a standalone basis, Paras Defence delivered strong revenue growth for the year ended March 31, 2026. The following table presents the key standalone financial metrics:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (₹ Lakhs): 12,558 10,083 9,016 41,654 33,385 Total Income (₹ Lakhs): 13,527 10,383 9,532 43,468 34,571 Total Expenses (₹ Lakhs): 10,038 7,803 7,270 32,404 25,891 Profit Before Tax (₹ Lakhs): 3,489 2,580 2,262 11,064 8,680 Net Profit (₹ Lakhs): 2,596 1,953 1,702 8,318 6,506 Basic EPS (₹): 3.22* 2.42* 2.11* 10.32 8.21 Diluted EPS (₹): 3.22* 2.42* 2.11* 10.32 8.21

Not Annualised. EPS figures restated for share split (face value Rs. 10 to Rs. 5).

Standalone Segment Performance

The company operates across two reportable segments — Optics and Optronic Systems, and Defence Engineering. The standalone segment-wise revenue for the year ended March 31, 2026 is presented below:

Segment: FY26 Revenue (₹ Lakhs) FY25 Revenue (₹ Lakhs) FY26 Segment Result (₹ Lakhs) FY25 Segment Result (₹ Lakhs) Optics and Optronic Systems: 19,910 17,737 8,813 9,658 Defence Engineering: 21,744 15,648 4,927 1,914 Total Revenue from Operations: 41,654 33,385 — —

The Defence Engineering segment demonstrated notable growth in both revenue and profitability on a standalone basis. Total standalone segment assets stood at ₹91,912 Lakhs as at March 31, 2026, compared to ₹83,096 Lakhs as at March 31, 2025, while total segment liabilities were ₹19,552 Lakhs against ₹18,750 Lakhs in the prior year.

Consolidated Financial Performance

On a consolidated basis, the Group — comprising the holding company, its subsidiaries, and associates — reported the following results for the year ended March 31, 2026:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Revenue from Operations (₹ Lakhs): 17,131 10,635 10,823 47,657 36,466 Total Income (₹ Lakhs): 18,036 10,862 11,228 49,255 37,258 Total Expenses (₹ Lakhs): 13,483 8,542 8,564 37,772 28,900 Profit Before Tax (₹ Lakhs): 4,844 2,320 2,671 11,767 8,361 Net Profit (₹ Lakhs): 3,888 1,685 2,083 8,946 6,149 Basic EPS (₹): 4.27* 2.26* 2.45* 10.93 8.01 Diluted EPS (₹): 4.27* 2.26* 2.45* 10.93 8.01

Not Annualised. EPS figures restated for share split.

The consolidated results include an exceptional item of Rs. 291 Lakhs for the year ended March 31, 2026, representing the gain on deconsolidation of subsidiary Ayatti Innovative Private Limited. On March 30, 2026, the company completed the divestment of its 58.02% equity stake in Ayatti through the sale of 15,20,000 equity shares for a consideration of Rs. 699 Lakhs, following which Ayatti ceased to be a subsidiary.

Consolidated Segment Performance

The consolidated segment-wise revenue for the year ended March 31, 2026 is as follows:

Segment: FY26 Revenue (₹ Lakhs) FY25 Revenue (₹ Lakhs) FY26 Segment Result (₹ Lakhs) FY25 Segment Result (₹ Lakhs) Optics and Optronic Systems: 19,910 17,737 8,813 9,658 Defence Engineering: 27,747 18,729 5,671 2,008 Total Revenue from Operations: 47,657 36,466 — —

Total consolidated segment assets stood at ₹96,470 Lakhs as at March 31, 2026, against ₹85,196 Lakhs as at March 31, 2025. Total consolidated segment liabilities were ₹23,951 Lakhs compared to ₹21,534 Lakhs in the prior year. The consolidated subsidiaries include Paras Aerospace Private Limited, Paras Anti Drone Technologies Private Limited, OPEL Technologies PTE Ltd, Mechttech Thermal Private Limited, Quantico Technologies Private Limited, and Paras Heven Advanced Drones Private Limited.

Key Corporate Developments

The Board also approved several other matters at the May 13, 2026 meeting. The following table summarises the key decisions:

Decision: Details Final Dividend: Rs. 1/- per equity share of Rs. 5/- each for FY26 Internal Auditor Re-appointment: M/s S M L and Co. LLP, Chartered Accountants (Firm Reg. No.: 112350W / W-100051) for FY 2026-27 Cost Auditor Re-appointment: M/s Dinesh Jain & Company, Cost Accountants (Firm Reg. No.: 100583) for FY 2026-27 Share Split: One equity share of Rs. 10 each subdivided into two equity shares of Rs. 5 each Labour Code Impact: One-time incremental Gratuity impact of Rs. 168 Lakhs included in Employee Benefit Expenses ESOP Grants: 3,13,300 options granted in 3 tranches under Paras Defence ESOP 2024 as on March 31, 2026

The date of the Annual General Meeting for FY 2025–26, the record date for the final dividend, and the date from which the dividend will be paid (subject to shareholder approval) will be communicated in due course. In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for Designated Persons will open after 48 hours from the dissemination of this announcement. The financial results were audited by Chaturvedi & Shah LLP, Chartered Accountants (Firm Reg. No. 101720W / W100355), with an unmodified opinion. The intimation was signed by Minal Bhate, Company Secretary and Compliance Officer (Membership No.: A20188), on behalf of Paras Defence & Space Technologies.

Paras Defence & Space Technologies Limited has filed its mandatory annual disclosure with BSE and NSE on April 03, 2026, confirming that no encumbrance was created on promoter shareholdings during the financial year ended March 31, 2026.

Regulatory Compliance Filing

The disclosure was submitted pursuant to Regulation 31(4) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Promoter Sharad Virji Shah filed the declaration on behalf of all promoters and promoter group members, confirming no encumbrance was made on shares held directly or indirectly, except for those already disclosed during FY26.

Managing Director Munjal Sharad Shah digitally signed the company's submission to both stock exchanges, with the filing timestamped at 11:35:28 +05'30' on April 03, 2026.

Promoter Structure Details

The company's promoter and promoter group structure comprises eight entities, as detailed in the regulatory filing:

Category: Name Promoters: Sharad Virji Shah Munjal Sharad Shah Promoter Group: Kaajal Harsh Bhansali Anish Hemant Mehta Ami Munjal Shah Anushka Munjal Shah Jiwanshi Munjal Shah Niranjana Sharad Shah

Stock Exchange Communication

The filing was simultaneously submitted to both major Indian stock exchanges where the company's shares are listed. BSE received the disclosure for scrip code 543367, while NSE was informed under trading symbol PARAS. Both exchanges were requested to acknowledge receipt and take the information on record.

The disclosure represents standard regulatory compliance for listed companies, ensuring transparency regarding promoter shareholding arrangements and any potential encumbrances that could affect ownership structures.

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