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Paras Defence and Space Technologies Limited has announced a board meeting to seek shareholder approval for splitting each Rs. 10 equity share into two shares of Rs. 5 each. This share split aims to enhance liquidity and attract more retail investors by making shares more affordable. The company will amend its Memorandum of Association to update the share denomination without changing the overall authorized or paid-up capital. Outstanding stock options under Paras Defence ESOP 2024 will also be adjusted to reflect the split, with voting conducted solely through remote e-voting.
All announcements from Paras Defence and Space Technologies Limited