Paras Defence and Space Technologies Limited — Important, 27-03-2025: Sale or disposal

Paras Defence and Space Technologies Limited has announced a board meeting regarding the divestment of its entire 100% stake in Paras Green UAV Private Limited to M/s Euro Asia Exports Limited for a total of ₹1 crore. This divestment marks Paras Green UAV's exit as a wholly owned subsidiary of the company, with no significant contribution to the consolidated turnover last fiscal year. The sale completion occurs immediately, positively impacting liquidity while potentially allowing the company to refocus resources. This move may bolster investor sentiment as it streamlines operations, though ongoing strategic implications remain to be evaluated.