Paras Defence and Space Technologies Limited — Important, 28-03-2025: Diversification/Disinvestment

Paras Defence and Space Technologies has announced a board meeting to consider the divestment of its 58.02% equity stake in subsidiary Ayatti Innovative Private Limited, involving 15,20,000 shares. Following the transaction, Ayatti will no longer be a subsidiary, and it reported a net worth of ₹(-2.55) crore in FY 23-24 with no contribution to the consolidated turnover. The sale agreement is pending, with completion anticipated by December 31, 2025, contingent on due diligence. This divestment could streamline operations and potentially improve financial focus, offering investors a neutral outlook as the eventual sale price remains to be determined.