Paras Defence and Space Technologies Limited informed that Paras Defence and Space Technologies Limited has received the contract from Indian Farmers Fertiliser Cooperative Limited ("IFFCO") amounting to approx. INR 200 million for spraying of IFFCO Nano fertilizers, Sagarika, IFFCO MC Agro-Chemicals and other IFFCO & IFFCO JV's Agri-products using drones in the fields of individual farmers, with the aim of enhancing agricultural productivity and efficiency. Significant terms and conditions of order(s)/contract(s) awarded in brief: Spraying of IFFCO Nano fertilizers, Sagarika, IFFCO MC Agro-Chemicals and other IFFCO & IFFCO JV's Agri- products using drones in the fields of individual farmers over a maximum of 5 lakh acres of agricultural land area.

Whether order(s)/contract(s) have been awarded by domestic /international entity: Domestic Entity. Nature of order(s)/contract(s): Spraying of IFFCO Nano fertilizers, Sagarika, IFFCO MC Agro-Chemicals and other IFFCO & IFFCO JV's Agri- products using drone technology for agriculture purpose. Whether Domestic or International: Domestic.

Time Period: till September 30, 2024.