Meeting Details
The 17th Annual General Meeting of Paras Defence and Space Technologies Limited was held on Friday, September 11, 2026 at 12:30 p.m. (IST) through Video Conferencing/Other Audio-Visual Means (OAVM). The meeting concluded at 1:34 p.m. (IST), lasting 1 hour and 4 minutes.
Attendance and Quorum
55 members attended the meeting through the virtual platform. The quorum as required under the Companies Act, 2013 was present throughout the meeting.
Chairperson
Mr. Munjal Sharad Shah, Managing Director, was unanimously elected by the Directors to act as Chairman for the meeting, except in respect of items where he was interested. Mr. Sharad Virji Shah, Chairman and Non-Executive Director, was unable to attend due to unavoidable circumstances.
Business Transacted
The meeting transacted 6 ordinary resolutions as per the Notice of AGM dated August 07, 2026:
Ordinary Business
1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the year ended March 31, 2026
2. To declare a dividend on equity shares for the Financial Year ended March 31, 2026
3. To consider the re-appointment of Mrs. Shilpa Amit Mahajan, who retires by rotation
Special Business
4. Ratification of remuneration of Cost Auditors for FY 2026-27
5. Approval and modification of Material Related Party Transaction(s) with Controp-Paras Technologies Private Limited ("Associate Company")
6. Approval of Material Related Party Transaction(s) with Paras Anti-Drone Technologies Private Limited ("Subsidiary Company")
Special Procedure for Item 6
For Agenda Item No. 6, Mr. Munjal Shah was concerned or interested and did not conduct the proceedings. Dr. Hina Gokhale, Independent Director, who was not concerned or interested, chaired the meeting for this specific item. After completion of Item 6 proceedings, Mr. Munjal Shah resumed the Chair.
Voting Arrangements
The Company had appointed Mr. Dinesh Kumar Deora, Practicing Company Secretary (or eligible representative of M/s. DM & Associates Company Secretaries LLP) as Scrutinizer to scrutinize remote-voting or e-voting.
Voting was conducted through:
- Remote e-voting facility provided by MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- E-voting during the AGM for members who did not cast votes through remote e-voting (facility remained open for 15 minutes after conclusion)
Members who had already voted via remote e-voting could not vote again during the AGM. For resolutions where promoters were interested, their votes were excluded by the Scrutinizer, with only non-interested shareholders' votes considered.
Results Disclosure
The Scrutinizer will submit his report within 48 hours from conclusion of the AGM. Results of e-voting along with Scrutinizer's report will be announced and made available on the company's website (www.parasdefence.com) and intimated to NSE and BSE.
Documents Available
The following documents were made available electronically for inspection by Members during the AGM:
- Statutory registers
- Secretarial Auditors' Certificate under relevant SEBI regulations regarding ESOP Scheme implementation
- All other documents mentioned in the Notice of AGM
The Annual Report for FY 2025-26 containing Notice of AGM, Annual Audited Financial Statements, Director's Report, and Statutory Auditor's Report had been circulated electronically to members with registered email addresses.
Q&A Session
The Chairman and Managing Director invited registered speaker members to raise queries, express views, and offer suggestions. The Chairman responded to questions raised by members.