Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Signing of Memorandum of Understanding (MoU) with Complus Systems Pvt. Ltd. and JV Micronics.
PARAS · price
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Paras Defence and Space Technologies Limited has signed a Memorandum of Understanding with Complus Systems Pvt. Ltd. (Bengaluru) and JV Micronics (Faridabad) to form a consortium for pursuing opportunities in the design, development, manufacturing, installation, and servicing of Anechoic and Semi-Anechoic Chambers. PARAS will lead the consortium, handling design, development, manufacturing, and installation, while coordinating business development and external engagements. Complus Systems will provide technical expertise and instrumentation procurement support, and JV Micronics will contribute manufacturing for RF absorbers and related products. The consortium will target opportunities both in India and internationally.
Positive for shareholders as the partnership expands PARAS's capabilities and market reach in a specialized defence-tech segment through a complementary consortium structure.