Paras Defence Divests Entire Equity Stake in Associate Krasny Paras Defence Technologies Limited
Paras Defence and Space Technologies Limited has approved the divestment of its entire equity stake in its associate company, Krasny Paras Defence Technologies Private Limited. The move signals the conclusion of the company's association with Krasny Paras.The Board of Directors of Paras Defence sanctioned the proposal to dispose of its complete interest in the associate, which involved 5,22,500 equity shares of face value Rs. 10/- each. Following the completion of this transaction, Krasny Paras will no longer be considered an Associate by Paras Defence.
The details surrounding the divestment highlight the financial standing of the associate company within the broader context of the listed entity’s operations.
Financial Profile and Transaction Scope
Krasny Paras contributed a portion of revenue to the parent company in the last financial year. The net worth of the associate was recorded as of March 31, 2026.Key details regarding Krasny Paras and its contribution are summarized below:
| Metric | Detail |
|---|---|
| Name of Associate | Krasny Paras Defence Technologies Private Limited |
| Consolidated Turnover Contribution (FY 25-26) | Rs. 0.59 Crore (0.12% of Company's consolidated turnover) |
| Net Worth (March 31, 2026) | Rs. 0.63 Crore |
Sale Status and Buyer Details
The transaction is structured as a standard sale and does not fall under Related Party Transaction guidelines. The identity of the buyer and the future timeline for the deal have been outlined.A key aspect of the ongoing divestment involves the identification of the purchaser, who has been named as Krasny Defence Technologies Limited. The seller confirmed that the buyer is not associated with any promoter or group companies of Paras Defence.
Details regarding the sale are as follows:
| Status Parameter | Details |
|---|---|
| Name of Buyer | Krasny Defence Technologies Limited |
| Buyer Promoter Connection | No |
| Transaction Type | Not a Related Party Transaction |
| Expected Completion Date | Latest by December 31, 2026 |
| Consideration | The amount has not been finalized as it is dependent on the due diligence process. |
PARAS Stock Price Movement
Paras Defence and Space Technologies Limited today slipped by 3.17% in post-market trading, settling at ₹1274.9. The stock traded on a volume of 1.25 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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