Paras Defence And Space Technologies Limited has informed the Exchange about Receipt of Letter of Intent from Cerbair, France (French leader in anti-drone solutions) with a requirement to purchase 30 units of CHIMERA 200, valued at approximately 2.2 million euros (Rs. 22.21 crores) from Paras Anti-Drone Technologies Private Limited, a subsidiary of the Company.
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.5 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Paras Defence's wholly-owned subsidiary, Paras Anti-Drone Technologies, has received a Letter of Intent from Cerbair, a French leader in anti-drone solutions, to buy 30 units of the CHIMERA 200 drone anti-jamming system. The deal is valued at approximately 2.2 million euros, which works out to roughly ₹22.21 crores. The order is denominated in euros, making it a hard-currency export contract. Notably, the filing clarifies that this is an in-principle Letter of Intent and not yet a confirmed purchase order — formal order details will be shared separately once received. This is the first major international commercial validation for the company's anti-drone product line.
Positive signal for the stock as it marks entry into the European anti-drone export market and validates the CHIMERA 200 technology. Investors should note this is only an LOI, so the actual revenue impact depends on the confirmed purchase order that the company says it will disclose separately.