Paras Defence and Space Technologies Limited — Important, 23-05-2025: Agreements

Paras Defence has announced a board meeting and formed a JV with Israel’s Heven Drones Ltd. to develop logistics and cargo drones for defence and civilian sectors. Paras holds 51% equity, Heven 49%, with equal board representation. Paras’s initial equity investment is ₹51,000 at face value. This partnership strengthens Paras’s position in drone tech and logistics, aligning with its growth in the defence technology space.