Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Paras Defence and Space Technologies Limited

Meeting Details

The 17th Annual General Meeting was held on Friday, September 11, 2026 through Video Conferencing (VC) facility. The total number of shareholders on record date (September 04, 2026) was 349,193.

Attendance breakdown:

  • Promoter and Promoter Group through VC: 8 shareholders
  • Public through VC: 47 shareholders

Proposed Resolutions and Implications

Six resolutions were proposed for shareholder approval:

1. Adoption of Annual Audited Financial Statements (Ordinary Resolution)

2. Declaration of Dividend on Equity Shares for FY ended March 31, 2026 (Ordinary Resolution)

3. Re-appointment of Mrs. Shilpa Amit Mahajan (DIN: 01087912) who retires by rotation (Ordinary Resolution)

4. Ratification of Remuneration of Cost Auditors for FY 2026-27 (Ordinary Resolution)

5. Approval and Modification of Material Related Party Transaction(s) with Controp-Paras Technologies Private Limited (Associate Company) (Ordinary Resolution)

6. Approval of Material Related Party Transaction(s) with Paras Anti-Drone Technologies Private Limited (Subsidiary Company) (Ordinary Resolution)

Voting Process and Methods

The mode of voting for all resolutions was remote e-voting before the AGM and e-voting during the AGM. The remote e-voting period commenced on Tuesday, September 08, 2026 at 09:00 AM IST and concluded on Thursday, September 10, 2026 at 5:00 PM IST. The e-voting facility was provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited).

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements
  • Total votes cast: 50,761,400
  • Votes in favor: 50,759,848 (99.997%)
  • Votes against: 1,552 (0.003%)
  • Result: Passed
Resolution 2: Dividend Declaration
  • Total votes cast: 50,761,428
  • Votes in favor: 50,759,904 (99.997%)
  • Votes against: 1,524 (0.003%)
  • Result: Passed
Resolution 3: Re-appointment of Director
  • Total votes cast: 50,643,375
  • Votes in favor: 50,524,033 (99.7649%)
  • Votes against: 119,342 (0.2351%)
  • Result: Passed
Resolution 4: Cost Auditor Remuneration
  • Total votes cast: 50,761,131
  • Votes in favor: 50,759,589 (99.997%)
  • Votes against: 1,542 (0.003%)
  • Result: Passed
Resolution 5: Related Party Transaction with Associate
  • Total votes cast: 3,274,018
  • Votes in favor: 1,957,778 (58.5665%)
  • Votes against: 1,316,240 (41.4335%)
  • Result: Passed
Resolution 6: Related Party Transaction with Subsidiary
  • Total votes cast: 2,414,946
  • Votes in favor: 1,043,634 (43.1992%)
  • Votes against: 1,371,312 (56.8008%)
  • Result: Not Passed

Participation Breakdown by Shareholder Category

Total outstanding shares: 80,587,330

Resolution 2 Breakdown (Dividend Declaration):

  • Promoter and Promoter Group: 42,868,584 shares (100% voted in favor)
  • Public Institutions: 9,634,384 shares (56.524% participation, 100% in favor)
  • Public Non-Institutions: 28,084,362 shares (8.7188% participation, 99.9378% in favor)

Scrutinizer's Role and Findings

Mr. Dinesh Kumar Deora, Practising Company Secretary from DM & Associates Company Secretaries LLP (Firm Registration No: L2017MH003500), was appointed as Scrutinizer. The scrutinizer confirmed that:

  • 343 members participated in voting with 50,761,400 votes cast
  • No invalid votes were recorded
  • Resolutions 1-5 were passed with requisite majority
  • Resolution 6 was not passed with requisite majority
  • All voting records are under the scrutinizer's safe custody until minutes are approved

Compliance Confirmation

The meeting was conducted in compliance with MCA General Circulars No. 14/2020, 17/2020, 20/2020, 02/2021, 19/2021, 21/2021, 02/2022, 10/2022, 09/2023, 09/2024, 03/2025 and SEBI Circulars dated May 12, 2020, May 13, 2022, January 5, 2023, October 7, 2023, and October 3, 2024 regarding holding AGMs through VC/OAVM.