THE PRELIMINARY PLACEMENT DOCUMENT MAY NOT BE DOWNLOADED, DELIVERED, FORWARDED OR DISTRIBUTED, ELECTRONICALLY OR OTHERWISE, IN WHOLE OR IN PART, TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY DOWNLOADING, FORWARDING, DELIVERY, DISTRIBUTION OR REPRODUCTION OF THE PRELIMINARY PLACEMENT DOCUMENT IN WHOLE OR IN PART IS UNAUTHORIZED. FAILURE TO COMPLY WITH THIS DISCLAIMER MAY RESULT IN A VIOLATION OF THE APPLICABLE LAWS.

Paras Defence is rapidly expanding its solution portfolio for Space Applications. We are the only company in India that makes Multifold lenses for space imaging in nano-satellite.

They are ideal for use in Mid-Wave Infrared and Long-Wave Infrared applications, including thermal imaging, spectroscopy, or FLIR. Due to thermal runaway, or the decrease in transmission as temperature increases, Germanium lenses should be used at temperatures below 100 °C. Germanium’s high density (5.33 g/cm3) should be considered when designing for weight-sensitive systems.

NOTHING HEREIN CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE EQUITY SHARES OFFERED IN THE ISSUE HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”), OR ANY STATE SECURITIES LAWS IN THE UNITED STATES. UNLESS SO REGISTERED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT AND ANY APPLICABLE U.S. STATE SECURITIES LAWS. YOU UNDERSTAND THAT THE EQUITY SHARES OFFERED IN THE ISSUE ARE BEING OFFERED AND SOLD ONLY OUTSIDE THE UNITED STATES IN “OFFSHORE TRANSACTIONS”, AS DEFINED IN, AND IN RELIANCE ON, REGULATION S UNDER THE U.S. SECURITIES ACT (“REGULATION S”). YOU REPRESENT THAT YOU WERE OUTSIDE THE UNITED STATES WHEN THE OFFER TO PURCHASE THE EQUITY SHARES WAS MADE TO YOU AND YOU ARE CURRENTLY OUTSIDE THE UNITED STATES AND THAT YOU ARE NOT ACQUIRING OR SUBSCRIBING FOR THE EQUITY SHARES AS A RESULT OF ANY “DIRECTED SELLING EFFORTS” (AS DEFINED IN REGULATION S).

IR Optics is a precise optic component that can cope with the IR wavelength & is made of special materials used for UV & IR. Our IR Optical Lenses are high-quality spheres for the near, middle, and far infrared ranges (wavelength range from 3 µm to 5 µm & 8 µm to 12 µm) and are diamond-turned optics with excellent properties for a very wide range of applications.

THE NAMES AND CONTACT DETAILS OF ALL THE ELIGIBLE QIBS WHO RECEIVE THE PRELIMINARY PLACEMENT DOCUMENT ALONG WITH THE APPLICATION FORM SHALL BE SUBMITTED TO THE SEBI.

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You are reminded that you are accessing the Preliminary Placement Document on the basis that you have read and understood the disclaimer set out above and are a person into whose possession this Placement Document may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. If this is not the case or if you do not agree to the terms contained in this notice, then you must not access the Preliminary Placement Document and you must destroy any copies of the Preliminary Placement Document in your possession.

You are responsible for protecting against viruses and any other destructive items. Your accessing of this website is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature.

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Optics Design, Advanced Electronics System Design, Sales & Marketing, Projects & Customer Interface, After Sales Support​

THE ATTACHED PRELIMINARY PLACEMENT DOCUMENT HAS NOT BEEN AND WILL NOT BE REGISTERED AS A PROSPECTUS WITH ANY REGISTRAR OF COMPANIES IN INDIA UNDER THE COMPANIES ACT, 2013 (“COMPANIES ACT, 2013”). THIS PRELIMINARY PLACEMENT DOCUMENT IS EXCLUSIVE TO THE RECIPIENT AND DOES NOT CONSTITUTE AN OFFER TO THE GENERAL PUBLIC TO SUBSCRIBE TO THE SECURITIES DESCRIBED IN THE PRELIMINARY PLACEMENT DOCUMENT. THE PRELIMINARY PLACEMENT DOCUMENT SHALL BE FILED AS A PRIVATE PLACEMENT OFFER LETTER WITH THE STOCK EXCHANGES. THE PRELIMINARY PLACEMENT DOCUMENT HAS NOT BEEN REVIEWED AND APPROVED BY ANY REGULATORY AUTHORITY IN INDIA OR ABROAD, INCLUDING THE SECURITIES AND EXCHANGE BOARD OF INDIA, ANY REGISTRAR OF COMPANIES IN INDIA OR ANY STOCK EXCHANGE IN INDIA. THE PRELIMINARY PLACEMENT DOCUMENT IS NOT AND SHOULD NOT BE CONSTRUED AS AN INVITATION, OFFER OR SALE OF ANY SECURITIES TO THE PUBLIC IN INDIA.

Paras defence offers specialized turnkey solutions for complex Optomechanical lens assemblies. Such type of lens assemblies hold optical elements in proper position and maintain position throughout the range of conditions encountered in the working temperature, pressure and vibration environments of the optical systems. The ability to carry out Zernike and FE (Finite Element) analysis on our lens assemblies gives us the edge to offer solutions which are always predictable and in line with what is required by the system design. With our highly qualified design engineers, we can offer assemblies with an accuracy of focal length up to 150mm. These complex lens assemblies are generally used in Defence & Space applications.

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PLEASE READ THIS NOTICE CAREFULLY. IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBSITE. VIEWING THIS INFORMATION MAY NOT BE LAWFUL IN CERTAIN JURISDICTIONS. PLEASE NOTE THAT THE DISCLAIMER SET OUT BELOW MAY BE ALTERED OR UPDATED. YOU SHOULD READ IT IN FULL EACH TIME YOU VISIT THE WEBSITE.

THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED (THE “COMPANY”) SOLELY TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE “ICDR REGULATIONS”).

Paras Defence is rapidly expanding its solution portfolio for Space Applications. In a quest to offer world-class niche solutions for Space, Paras has exclusively partnered with Europe’s leader in Space Antennas. We are in the process of setting up India’s first private Space Antenna manufacturing and integration plant.

Paras Defence offers an extensive range of domes of standard sizes for visible & IR applications.

Paras Defence has a wide range of technical coating and optics-focused capabilities, from customized design to the final product for Space, Industrial and Commercial use.

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Paras Defence contributes significantly to India’s astronomy projects by manufacturing & supplying high-precision Metal Mirrors.

With CFRP Structures, Paras aims at offering a comprehensive optical/camera assembly for space applications, where Paras is currently offering high-quality optical elements. CFRP solutions can be explored for various applications where the quality, strength and weight requirements are vital. We can offer any component/structure/sub-assembly/assembly made using CFRP.

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THE PRELIMINARY PLACEMENT DOCUMENT WILL NOT BE CIRCULATED OR DISTRIBUTED TO THE PUBLIC IN INDIA OR ANY OTHER JURISDICTION, AND WILL NOT CONSTITUTE A PUBLIC OFFER IN INDIA OR ANY OTHER JURISDICTION.

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED IN THE UNITED STATES, CANADA, AUSTRALIA, THE PRC OR JAPAN OR OTHER JURISDICTIONS OUTSIDE INDIA.

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IF YOU ARE NOT PERMITTED TO VIEW THE MATERIALS ON THIS WEBSITE OR ARE IN ANY DOUBT AS TO WHETHER YOU ARE PERMITTED TO VIEW THESE MATERIALS, PLEASE EXIT THIS WEBPAGE.

The Preliminary Placement Document has been posted on the Company’s website for information purposes only in order to comply with Indian legal and regulatory requirements. Making the Preliminary Placement Document available in electronic format on this website does not constitute an offer to sell or the solicitation of an offer to buy securities in the Company in the United States or in any jurisdiction outside India.

FOR A DESCRIPTION OF THESE AND CERTAIN FURTHER RESTRICTIONS ON OFFERS, SALES AND TRANSFERS OF THE EQUITY SHARES AND DISTRIBUTION OF THIS PRELIMINARY PLACEMENT DOCUMENT, SEE “NOTICE TO INVESTORS”, “REPRESENTATIONS BY INVESTORS”, “SELLING RESTRICTIONS” AND “TRANSFER RESTRICTIONS” OF THE PRELIMINARY PLACEMENT DOCUMENT.

Paras Defence is rapidly expanding its solution portfolio for Space Applications. In a quest to offer world-class niche solutions for Space, Paras has exclusively partnered with Europe’s leader in CFRP Structures for Space Applications.

Paras Defence has a wide range of technical coating and optics focused capabilities from customized design to the final product for Space, Industrial and commercial .

Paras Defence is one of the top companies in India to offer custom-made precision ZERODUR mirrors. Along with mirrors, Paras Defence also offers ZERODUR lenses, typically made up of Astro-Sital Fused Silica, Bk7, Ohara, & Schott material. We have the capability of manufacturing different shapes, such as Plano, Spherical, Aspherical, and Off-Axis Aspherical. Our vast manufacturing infrastructure gives us the ability to produce mirrors of sizes ranging from as low as 50 mm to as high as 1500 mm. With our ultra-precision machines, Paras Defence offers surface accuracy of up to ʎ/50 RMS & ʎ/8 PV for these lenses.

Paras Defence is one of the only companies in India that offers gratings for Hyperspectral Imaging that are used to separate light of different wavelengths with high resolution. These gratings are classified on the basis of different parameters, such as blazing angles, single-blazed or multi-blazed, by maintaining the surface roughness (RMS) up to pre < 5nm in parallel. This “super prism” aspect of the diffraction grating leads to its application for measuring atomic spectra in both laboratory instruments and telescopes, as well as for Space & Critical Applications.

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell or the solicitation of an offer to buy securities of the Company in the United States or in any jurisdiction outside India. Further, it does not constitute a recommendation by the Company or any other party to sell or buy securities in the Company in the United States or in any jurisdiction outside India.

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THE MATERIALS PLACED HEREIN (THE “MATERIALS”) ARE SO PLACED PURSUANT TO THE ICDR REGULATIONS. THE PRELIMINARY PLACEMENT DOCUMENT IS PERSONAL TO EACH PROSPECTIVE INVESTOR AND DOES NOT CONSTITUTE AN OFFER OR INVITATION OR SOLICITATION OF AN OFFER TO THE PUBLIC OR ANY OTHER PERSON OR CLASS OF INVESTORS WITHIN OR OUTSIDE INDIA OTHER THAN QUALIFIED INSTITUTIONAL BUYERS, AS DEFINED IN THE ICDR REGULATIONS. UNLESS A PRE-NUMBERED PRELIMINARY PLACEMENT DOCUMENT ACCOMPANIED BY AN APPLICATION FORM IS ADDRESSED TO A SPECIFIC PERSON INVITING SUCH PERSON TO MAKE A BID THROUGH SUCH APPLICATION FORM, NO OFFER AND/OR INVITATION OF OFFER SHALL BE DEEMED TO HAVE BEEN MADE.

THE ISSUE AND DISTRIBUTION OF THIS PRELIMINARY PLACEMENT DOCUMENT IS BEING DONE IN RELIANCE ON CHAPTER VIII AND SCHEDULE XVIII OF THE ICDR REGULATIONS.

The following disclaimer applies to the Company’s preliminary placement document dated October 1, 2024 (the “Preliminary Placement Document”). You are therefore advised to read this disclaimer carefully before accessing the Preliminary Placement Document. By accessing the Preliminary Placement Document, you agree to be bound by the following restrictions, terms and conditions, including any modifications to them from time to time.

Our Silicon Lenses are high-quality spheres for the near, middle, and far infrared ranges (wavelength range from 3 µm to 5 µm & 8 µm to 12 µm) and are diamond-turned optics with excellent properties for a very wide range of applications. Paras Defence has the complete infrastructure for the production of Silicon Lenses with Aspheric, Aspheric Diffractive, as well as Spherical profiles, can be made with the utmost accuracy and precision. Materials such as Germanium, Calcium Fluoride, Zinc Sulphide and Zinc Selenide are also produced.​

Paras Defence supplies a range of quality Zinc Sulphide optical components, including Zinc Sulphide lenses. Zinc Sulphide (ZnS) is a widely used IR-transmitting material used for windows, lenses, and other optical components. The material transmits at about 50% between 0.4 -12 μm before dropping off to zero transmission at around 15 μm. Its low absorbance in the IR spectrum makes it suitable for CO2 lasers operating at 10.6 μm. Zinc Sulphide has a pale yellow appearance and a hardness of HK160. Although the material is resistant to thermal shock, it is not recommended for harsh environments. Zinc Selenide is used in the form of optical windows in FLIR (Forward Looking Infrared) systems, as meniscus, spherical, or cylindrical lenses, and as resonator windows in CO2 lasers.