Paras Defence Secures Rs. 528.2 Million Order From Bharat Electronics

04 Jun 2026 CW Team

Paras Defence and Space Technologies Limited (PARAS) has received an order from Bharat Electronics Limited (Bharat Electronics) for the supply of electro-optic equipment. The contract is valued at approximately Rs. 528.2 million (mn), equivalent to Rs. 52.82 crore, inclusive of taxes. The company has submitted an intimation to the stock exchanges under Regulation 30 of the Securities and Exchange Board of India listing obligations and disclosure rules. The disclosure accompanied the requisite annexure detailing contract terms and timelines.

The order was placed by a domestic public sector unit and is scheduled for execution on or before September 2027. The contract pertains to the supply of electro-optics and will be delivered as per agreed milestones over the execution period. The company has indicated that neither the promoters nor the promoter group have any interest in the ordering entity.

Paras Defence clarified that the transaction does not constitute a related party transaction under applicable norms. The disclosure was signed and filed by the company secretary, who recorded the intimation with both BSE and the National Stock Exchange. The scrip trades under the symbol PARAS and the scrip code 543367 on the exchanges.

The execution timetable allows for phased production, system integration and testing before final delivery, with contractual quality and compliance obligations to be observed. Operational teams and vendors are to coordinate the supply chain activities required to meet the milestones. The contract value will be accounted for in the company order book in accordance with recognised accounting practices.

The filing reiterates the domestic nature of the contract and confirms execution timelines along with tax inclusive valuation. Stakeholders and market participants may refer to the official exchange filing for full particulars and annexures. The company has requested the exchanges to disseminate the information on their respective websites.

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