Synopsis: Paras Defence and Space Technologies Limited (PARAS) has entered into a significant tripartite Memorandum of Understanding (MoU) with Complus Systems and JV Micronics. The collaboration aims to design and manufacture specialized Anechoic Chambers, strengthening the company’s foothold in the domestic and international defense infrastructure markets.
In a regulatory filing submitted to the NSE and BSE on April 28, 2026, Paras Defence and Space Technologies Limited announced the signing of an MoU with Complus Systems Pvt. Ltd., Bengaluru, and JV Micronics, Faridabad.
The partnership is designed to integrate the unique technical strengths of all three entities to pursue global opportunities in the design, development, installation, and servicing of Anechoic and Semi-Anechoic Chambers.
As the consortium leader, Paras Defence will oversee the entire project lifecycle, including the manufacturing of chambers, filters, and engineered points of entry, while also spearheading strategic business development.
Complus Systems will provide technical instrumentation and engineering support, whereas JV Micronics will contribute manufacturing and integration services for RF absorbers and related solutions. This strategic move allows Paras Defence to broaden its high-end engineering portfolio in the niche defense testing infrastructure segment.
Following the announcement, Paras Defence shares hit an intraday high of Rs. 823.00, eventually stabilizing at Rs. 808.80(+0.09%) by 12:40 IST on April 28, 2026. While the daily gain was marginal, the stock has surged 29.20% over the last month, driven by high growth expectations in the defense sector. With a market cap of Rs. 6,516.29 crore and a P/E ratio of 91.20, the stock maintains a healthy 33.88% delivery rate, trading well within its 52-week range of Rs. 508.28 to Rs. 972.50.
About the Company
Paras Defence and Space Technologies Limited is a leading Indian private sector company engaged in the design, development, and manufacturing of a diverse range of products for defense and space applications. Its operations span across five vertical domains: Defense & Space Optics, Defense Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. The company caters to some of the most prominent names in the Indian defense sector, including the DRDO, ISRO, and major international defense OEMs, playing a vital role in India’s “Atmanirbhar Bharat” initiative.
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