Paras Defence and Space Technologies Ltd

Dear Shareholders,

Every nation's security begins at its borders, but true defence extends beyond them. With a clear focus on indigenisation, innovation and global leadership, India is not only securing its borders but also positioning itself as a key player in the international defence ecosystem. On the other hand, India's increasing technological confidence, global collaborations and its readiness to contribute meaningfully to the global space community are unlocking a new chapter—one where India not only aims to explore but to lead.

Reflecting on the past year, I am pleased to share that Paras Defence and Space Technologies has stood tall amidst these changes, growing in tandem with the nation and driving progress. Our expertise is built on a strong foundation of innovation, resilience and responsibility. We are consistently strengthening our core competencies to deliver world-class & proven performance while remain dedicated to pioneering advanced solutions for defence and space applications.

The increase in the defence budget reflects the nation's commitment to strengthening its military foundation. With a strong focus on innovation, new-generation technologies and the development of defence corridors, the Indian defence sector is steadily evolving into a self-reliant ecosystem. Simultaneously, India is charting a bold course in space exploration, with an array of visionary missions and projects approved to enhance its position in global space exploration.

Paras is poised to capitalise on these opportunities by leveraging its robust research and development capabilities and manufacturing prudence. Our diversified portfolio includes submarine periscopes, high power laser systems, hyperspectral cameras, electromagnetic protection solutions and border defence systems; while we aim to develop and offer cutting edge technologies in the domain of RF & Microwave from our subsidiary, Paras Anti-Drone Technologies Private Limited. As the markets continue to evolve, we are also foraying into quantum communications and sensing.

Technology has become central to the global defence and space landscape. At Paras, our strong emphasis on technology development distinguishes us as a prominent IDDM Company. We have deepened our focus on strengthening indigenous capabilities to further contribute to the ‘Make in India' initiative and promoting Atmanirbharata.

Our efforts are geared towards delivering end-to-end solutions in critical segments such as electro-optics, defence electronics and EMP protection. Further, we are making significant strides in emerging domains like drone and anti-drone technologies and space optics. By harnessing the power of talent, technology and trust, we are driving excellence to ensure national security to emerge as a trusted partner in global value chains.

At Paras, We combine advanced engineering and high-impact technology with innovation and manufacturing excellence to deliver solutions that support the development of a self-reliant India. Our portfolio includes ultra-precision optics for satellites and missiles, advanced optronic systems for surveillance and targeting and robust defence engineering solutions that include electronics, mechanical systems and electromagnetic protection. By contributing towards national security, enabling space exploration and driving the growth of critical infrastructure both in India and on the global stage, we strive to maintain our position as the one-stop for everything critical.

Through our core verticals-- Optics and Optronic Systems, and Defence Engineering-- we are offering fully integrated, indigenously developed solutions for a diverse array of applications. We are among the few companies in India that specialise in the high-end manufacturing for defence and space applications, and we are actively involved in some of the key aerospace and defence projects commissioned by the Indian government.

We follow a unique business model built on complete in-house capabilities, technological foresight and strategic agility. By designing, engineering, and manufacturing critical technologies under one roof, we maintain complete control over innovation, intellectual property and quality. Our approach is analytical, future-ready and customer-centric—continuously monitoring market trends and tailoring solutions to fortify our presence in the dynamic landscape.

Today, India is steadily advancing on the path of self-reliance, and we are growing in harmony with the progress. We remain optimistic about exploring new frontiers in defence and space technologies, focusing on supporting critical national programmes through innovation-driven solutions.

We also recognise significant potential in expanding global partnerships and exports, particularly in areas where our niche engineering strengths align with evolving international defence requirements. With a solid foundation, a robust order pipeline and continued investments, we strive to deliver sustainable value for all.

Lastly, I would like to take this opportunity to thank all our stakeholders for your support and trust. Your encouragement has been instrumental to our progress and growth. As we move forward, I look forward to achieving new milestones together.

Yours sincerely,