Paras Defence and Space Technologies Limited (PARAS) has announced the incorporation of a wholly-owned subsidiary named “Paras Avionics Private Limited” on February 20, 2026. This new entity will focus on systems and solutions for Avionic applications, including manufacturing, testing, and repair for defence and aerospace platforms. PARAS holds a 60% equity stake in the Subsidiary, having subscribed to shares worth ₹60,000/-.
Formation of New Subsidiary Confirmed
Paras Defence and Space Technologies Limited (PARAS) officially confirmed the establishment of a new subsidiary company, “Paras Avionics Private Limited”, effective February 20, 2026. This incorporation follows a prior intimation made on January 23, 2026.
Business Focus and Industry
The newly incorporated entity belongs to the Aerospace and Defence industry. Its primary business focus will involve providing systems and solutions for Avionic applications. This includes the manufacturing, testing, repair, and overhauling of crucial systems utilized in defence and aerospace platforms.
Shareholding and Investment Details
PARAS is the holding company, and the investment was made entirely through cash consideration. Details of the initial subscription are as follows:
- Stake Held: PARAS holds 60% of the Equity Shares in the Subsidiary.
- Investment Amount: PARAS subscribed to 6,000 Equity Shares at a price of ₹10/- per share, aggregating to a total cost of ₹60,000/- (Rupees Sixty Thousand Only).
Source: BSE
