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

Paras Defence and Space has announced a board meeting and formed a JV with Israel's Heven Drones to develop logistics and cargo drones for defense and civilian use in India. Paras will hold 51% equity with an initial investment of ₹51,000. This move strengthens Paras’ position in advanced drone technology and supports expansion into the growing drone logistics market.