Paras Defence and Space Technologies Limited — Important, 08-02-2025: General Updates

The Board of Paras Defence and Space Technologies Limited has approved an 8% equity investment in Logic Fruit Technologies Private Limited, a firm specializing in IT solutions and hardware development, particularly in high-performance FPGA-based systems. This collaboration aims to enhance technical support and revenue generation for Paras's subsidiary, Paras Anti-Drone Technologies. Logic Fruit, established in 2009, has over 300 engineers and reported a turnover of Rs. 64.5 Cr with a PBT of Rs. 5.73 Cr in FY 23-24. The investment of Rs. 10.00 Cr will be made through 1,800 Compulsorily Convertible Preference Shares (CCPS) at a face value of Rs. 10 each. This strategic move is expected to create new growth avenues for both companies, potentially strengthening their market positions in the aerospace and defense industries. Investors should watch closely as this partnership develops.