Delbrück, September 7, 2026 – paragon [ISIN DE0005558696] today filed for insolvency
at the Paderborn Local Court on behalf of paragon GmbH & Co. KGaA, paragon electronic
GmbH, and paragon movasys GmbH, after an investor failed to fulfill its contractual
obligations despite being granted an extension.
• Indian investor Tejascore Techsystems Inc. has failed to meet its contractual obligations
• Due to outstanding payments totaling EUR 12m, paragon is unable to meet its commitments to its suppliers
• In addition to the publicly traded paragon GmbH & Co. KGaA, the insolvency also affects the subsidiaries paragon electronic GmbH and paragon movasys GmbH, which together employ 552 people
• paragon is profitable, has a substantial order backlog from major automakers, and considers itself well-positioned for the future
