Paras Defence And Space Technologies Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025
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Awaiting price reaction for this filing.
Paras Defence and Space Technologies held its 16th AGM on August 21, 2025, via video conferencing from 12:30 PM to 1:08 PM, with 63 members attending virtually. Non-Executive Chairman Mr. Sharad Virji Shah was absent, so Managing Director Mr. Munjal Sharad Shah was elected to chair the meeting. Six ordinary resolutions were tabled, including adoption of FY25 audited financial statements, declaration of a dividend on equity shares, re-appointment of Mr. Sharad Shah (retiring by rotation), appointment of DM & Associates as Secretarial Auditors, ratification of Cost Auditor remuneration for FY26, and approval of a material related party transaction with associate company Controp-Paras Technologies Private Limited. The MD gave an overview of FY25 performance and future outlook, and members were given a chance to ask questions. E-voting results and the scrutinizer's report will be filed with BSE and NSE separately.
This is a procedural filing — no immediate stock price impact expected, but shareholders should watch for the upcoming e-voting results, especially on the dividend declaration and the material related party transaction with Controp-Paras Technologies, which will require separate disclosure.