Paras Defence and Space Technologies Limited
Paras Defence and Space Technologies (PDST) is an Private sector company primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - Defence & Space Optics, Defence Electronics, Heavy Engineering and Electromagnetic Pulse Protection Solutions.
What Paras files
- Others53
- Important29
- Updates25
- Investor Meet23
- New Orders13
- Board Meeting8
Paras Defence proposes a Rs. 1/share dividend for FY25-26, pending shareholder approval. This dividend will be subject to Tax Deducted at Source (TDS) as per tax laws. TDS rates depend on shareholder residency, PAN status, and document submissions. Shareholders should update bank details and submit necessary tax documents.
Paras Defence announced its 17th Annual General Meeting will be held virtually. Shareholders can join via VC/OAVM to vote on resolutions. E-voting window and eligibility details to follow.
Company approved divesting its entire 47.50% stake in associate Krasny Paras Defence. Krasny Paras will cease to be an associate. Completion expected late this year; consideration not yet finalized. Krasny Paras contributed 0.59 Cr (0.12%) to consolidated turnover last fiscal.
Paras Defence updated its Insider Trading Code, strengthening controls on trading by designated persons and their relatives. The changes aim for stricter confidentiality and fair disclosure of price-sensitive information, with a reporting threshold for trades exceeding 0.1 Cr.
PARAS divested its entire 58.02% stake in subsidiary Ayatti for Rs 6.99 Cr. Ayatti, contributing Rs 1.18 Cr turnover and (Rs 3.37 Cr) net worth in FY24-25, is no longer a subsidiary. This streamlines PARAS's operations.