Paras Defence and Space Technologies Limited has approved the divestment of its entire equity stake in its associate, Krasny Paras Defence Technologies Private Limited. This strategic move involves selling 5,22,500 equity shares, representing a 47.50% investment. Following the transaction, Krasny Paras will no longer be considered an associate. The deal’s completion is expected by December 31, 2026.
Strategic Divestment Approved
Paras Defence and Space Technologies Limited announced today that its Board of Directors has approved a significant strategic decision to divest its entire equity stake in its associate company, Krasny Paras Defence Technologies Private Limited. The approval was granted during a board meeting held on August 7, 2026.
Transaction Details
The divestment encompasses the company’s complete investment of 47.50% in Krasny Paras, which comprises 5,22,500 equity shares, each with a face value of Rs. 10. This transaction will result in Krasny Paras ceasing to be an associate of Paras Defence and Space Technologies Limited. The deal is anticipated to be finalized by December 31, 2026.
Financial Impact
In the financial year 2025-26, Krasny Paras contributed Rs. 0.59 Crore to the consolidated turnover of Paras Defence, accounting for 0.12%. As of March 31, 2026, Krasny Paras reported a net worth of Rs. 0.63 Crore. The final consideration for the sale has not yet been determined, as it is subject to the outcome of a due diligence process.
Buyer Information
The buyer in this transaction is identified as Krasny Defence Technologies Limited. Importantly, the buyer is not affiliated with the promoter, promoter group, or any group companies of Paras Defence and Space Technologies Limited. Furthermore, this transaction is confirmed not to be a Related Party Transaction and is conducted at an arm’s length basis.
Source: BSE
