Paras Defence And Space Technologies Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 21, 2025
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Paras Defence has notified the exchanges that its 16th AGM will be held on Thursday, August 21, 2025 at 12:30 p.m. IST via video conferencing. Shareholders will consider adoption of the audited standalone and consolidated financial statements for FY25 and a proposed final dividend of ₹0.50 per equity share (face value ₹5), with August 8, 2025 set as the record date. Other items on the agenda include re-appointment of Mr. Sharad Virji Shah as a director (retiring by rotation), appointment of M/s. DM & Associates as Secretarial Auditors for a five-year term from FY26 to FY30, and ratification of the Cost Auditor's remuneration of ₹1.10 lakh for FY26. A key item is seeking shareholder approval for material related party transactions with associate company Controp-Paras Technologies Private Limited up to an aggregate value of ₹293 crore until the next AGM. Remote e-voting will be open from August 18 to August 20, 2025, with the cut-off date set at August 14, 2025.
The ₹293 crore related party transaction ceiling with Controp-Paras Technologies is the most significant item for shareholder attention, given its size relative to the company. The ₹0.50 per share dividend is modest and contingent on AGM approval, with the record date of August 8, 2025 determining eligibility.