Paras Defence Share Price Up ₹30.35 After MoU With South Korea’s Green Optics

Paras Defence and Space Technologies Ltd share price advanced on March 6, 2026 after the company disclosed signing a Memorandum of Understanding with South Korea’s Green Optics Co., Ltd to collaborate on optics and optical systems for defence and space applications. The stock traded at ₹747.50, up ₹30.35 or 4.23% intraday as of 10:44 IST, compared with the previous close of ₹717.15.

MoU Establishes Framework For Joint Development Of Defence Optics

The disclosure was made through a regulatory filing dated 4 March 2026 submitted to both BSE and the National Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the exchange intimation, Paras Defence and Space Technologies Ltd has executed a Memorandum of Understanding (MoU) with Green Optics Co., Ltd, a South Korea-based manufacturer specialising in the design and production of optical systems used in space, defence and industrial applications.

The arrangement sets out a framework for joint development, manufacturing and business development initiatives across optics and optical subsystems intended for space and defence programmes.

The companies indicated that cooperation will focus on expanding technological capabilities and market access in their respective regions. Optical payloads, precision lenses and integrated optical assemblies used in satellites, surveillance equipment and advanced defence systems fall within the likely scope of collaboration.

MoUs of this nature generally function as a non-binding strategic framework, allowing parties to explore technology sharing, manufacturing partnerships and future commercial contracts without immediately committing capital expenditure or supply volumes.

In the regulatory filing, Munjal Sharad Shah, Managing Director of Paras Defence and Space Technologies Ltd, formally notified the exchanges of the agreement and requested dissemination of the information through their official platforms.

Paras Defence Share Price Movement

Shares of Paras Defence and Space Technologies Ltd moved higher in early trading on Friday following the disclosure.

As of 10:44 IST on March 6, 2026, the stock was trading at ₹747.50, marking a gain of ₹30.35 or 4.23% for the session. The move places the stock near its high of ₹753.35, after opening at ₹714.45.

Session data shows a trading range between ₹707.10 and ₹753.35 so far, with the previous close recorded at ₹717.15. According to exchange data, the company currently carries a market capitalisation of roughly ₹6,030 crore, while the stock’s price-to-earnings ratio stands near 82.01.

Despite the day’s rise, the share remains below its 52-week high of ₹972.50, while well above the 52-week low of ₹410.65.

Company Background

Paras Defence and Space Technologies Ltd is an Indian defence engineering company engaged in the design, development and manufacturing of optics, opto-mechanical assemblies, defence electronics and electromagnetic protection solutions.

The company supplies specialised components and subsystems to government defence laboratories, space agencies and private aerospace manufacturers. Its product portfolio includes precision optics for satellites, periscopes, night-vision devices and advanced optical assemblies used in surveillance and targeting platforms.

In recent years, the company has been positioning itself within India’s expanding domestic defence manufacturing ecosystem, particularly under localisation initiatives aimed at reducing dependence on imported defence components.

Strategic collaborations with international technology firms such as the latest agreement with Green Optics may allow the company to broaden its optical engineering capabilities while accessing new markets for defence and space-grade optical systems.

Conclusion

The MoU with Green Optics introduces a potential pathway for technology collaboration in a niche but strategically important segment of defence manufacturing. While the agreement currently outlines a cooperative framework rather than a binding commercial contract, investors appear to have reacted positively in early trading as the company strengthens its international partnerships in advanced optics.

Source:

• https://nsearchives.nseindia.com/corporate/PARAS_04032026100042_IntimationMoUGreenOptics04032026.pdf
• https://www.nseindia.com/get-quote/equity/PARAS/Paras-Defence-and-Space-Technologies-Limited