In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Paras Defence and Space Technologies has informed that Paras Anti-Drone Technologies, a Subsidiary of the company (‘Paras’), is the proud winner of ADITI 1.0 Challenge for ‘Mobile Ground Station in S/X/Ka band for Transmitting and Receiving Data from Satellites’. The Scheme/Challenge was launched by Defence Innovation Organisation (DIO), under the Department of Defence Production (DDP) – Ministry of Defence, Government of India as ADITI (Acing Development of Innovative Technologies with iDEX), a Scheme under iDEX for Promoting Innovations in Critical and Strategic Defence Technologies. As per the Scheme, Paras Anti-Drone Technologies is eligible for a grant amount upto 50% of the Product Development Budget (PDB), with a maximum limit of Rs. 25 crore. Pursuant to this award, Paras Anti-Drone Technologies will engage in the development of a groundbreaking Mobile Ground Station system. This solution, under development, leverages cutting edge phased array technology to address next-generation demands for high-data-rate connectivity and multi-satellite tracking.
The above information is a part of company’s filings submitted to BSE.
