Paras Defence Signs Licensing Agreement with DRDO for Driver Night Sight Technology for T-90 Tanks

Mumbai, November 26, 2025: Paras Defence and Space Technologies Limited (NSE: PARAS | BSE: 543367) has entered into a licensing agreement with the Ministry of Defence for the transfer of Driver Night Sight (DNS) system technology. The company will collaborate closely with the Defence Research and Development Organisation (DRDO) on this initiative, marking a key milestone in its growth and technological expansion.

Key Details

According to the company’s regulatory filing, the agreement with DRDO covers the transfer of the DNS system technology specifically designed for T-90 tank drivers. The system is intended to significantly enhance the night-time operational capabilities of these tanks. Following the licensing, Paras Defence will work alongside DRDO to support further indigenisation and production of the Driver Night Sight system.

The Managing Director, Munjal Sharad Shah, officially signed the communication regarding the agreement. This development further strengthens Paras Defence’s presence in advanced electro-optics and defence technology manufacturing.

Market Snapshot

The share price of Paras Defence and Space Technologies Limited closed at ₹719.00 as of November 26, 2025. This was a 1.20% or ₹8.55 rise from its previous close of ₹710.45. The intraday range was between ₹710.65 and ₹721.00. The company had an active trading session. Its total market capitalisation stands at ₹5,794.23 crore. Further, it had a total traded value and volume of ₹35.45 crore and 4.95 lakh shares, respectively.

REF: https://nsearchives.nseindia.com/corporate/PARAS_26112025132440_Intimation_Paras_IRDE_DRDO_Licensing_ToT.pdf

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