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Paras Defence to divest 47.50% stake in Krasny Paras Defence Technologies by December 2026
07-Aug-2026, 03:52
Paras Defence and Space Technologies Limited announced that its board approved the divestment of its entire 47.50% equity stake, comprising 522,500 shares, in associate company Krasny Paras Defence Technologies Private Limited, which will cease to be an associate post the transaction. The turnover contributed by Krasny Paras to the company's consolidated turnover for fiscal year 2025-26 was Rs 0.59 crore, representing 0.12%, with a net worth of Rs 0.63 crore as of March 31, 2026; the transaction is expected to be completed by December 31, 2026, and the buyer, Krasny Defence Technologies Limited, is not affiliated with the company's promoters.
Paras Defence and Space Technologies Limited announced that its board approved the divestment of its entire 47.50% equity stake, comprising 522,500 shares, in associate company Krasny Paras Defence Technologies Private Limited, which will cease to be an associate post the transaction. The turnover contributed by Krasny Paras to the company's consolidated turnover for fiscal year 2025-26 was Rs 0.59 crore, representing 0.12%, with a net worth of Rs 0.63 crore as of March 31, 2026; the transaction is expected to be completed by December 31, 2026, and the buyer, Krasny Defence Technologies Limited, is not affiliated with the company's promoters.