Paras Defence and Space Technologies Limited (PARAS) has finalized the divestment of its entire 58.02% equity stake in its subsidiary, Ayatti Innovative Private Limited. This results in Ayatti ceasing to be a subsidiary of PARAS. The total consideration received for the sale of 15,20,000 equity shares amounted to ₹6.992 crore. The transaction was executed on March 30, 2026, with the buyer identified as Unifab Ultra Technologies LLP.
Divestment of Subsidiary Holding Confirmed
Paras Defence and Space Technologies Limited (PARAS) has announced the complete divestment of its ownership in its subsidiary, Ayatti Innovative Private Limited (“Ayatti”). Effective March 30, 2026, PARAS has sold its entire 58.02% equity stake, comprising 15,20,000 equity shares, each with a face value of Rs. 10/-. This action results in Ayatti no longer being classified as a subsidiary of PARAS.
Financial Impact and Transaction Details
During the financial year 2024-25, Ayatti contributed marginally to PARAS’s consolidated financials. The subsidiary accounted for 0.32% of the consolidated Turnover (amounting to Rs. 1,18,01,314) and negatively impacted the Networth by -0.55% (amounting to (Rs. 3,37,45,744.64)).
The total consideration received by PARAS for this divestment was Rs. 6,99,20,000/- (Rupees Six Crores Ninety Nine Lakhs Twenty Thousand Only), which has been fully received.
Buyer Information
The purchaser of the stake is identified as Unifab Ultra Technologies LLP. The announcement confirms that the buyer does not belong to the Promoter/ Promoter group/Group companies of PARAS. Furthermore, the transaction is confirmed not to fall within Related Party Transactions.
Timeline of Completion
The Agreement for Sale was formally executed on March 30, 2026, and the expected date of completion for the sale/disposal was also finalized as March 30, 2026.
Source: BSE
