Paras Defence and Space Technologies Ltd

The newly incorporated entity, registered in India on 27 February 2026, will focus on setting up an advanced heterogeneous packaging and 3D packaging OSAT facility. The unit will cater to high-growth segments such as artificial intelligence, high-performance computing, networking and data center applications. Paras Defence has subscribed to 70,000 equity shares of Rs 10 each, aggregating to Rs 7 lakh, through cash consideration. The company will hold a 70% stake in the subsidiary, making it a majority-owned arm. Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. The company's consolidated net profit jumped 21.1% to Rs 18.21 crore in Q3 FY26 compared with Rs 15.04 crore in Q3 FY25. Net sales climbed 24% YoY to Rs 106.35 crore in Q3 December 2025. Powered by Capital Market - Live

Himanshi Thermal is engaged in the business of manufacturing fabricated metal products (excluding machinery and equipment). It also specializes in the manufacturing of liquid cold plates for space and airborne applications and provides vacuum heat treatment services. The reported a turnover of Rs 2,15,740 in FY25. The company has acquired 4,900 shares of Himashi Thermal with a face value of Rs 10 each, aggregating to Rs 49,000. Following the acquisition, Himanshi Thermal has become an associate of the company. The said acquisition is expected to open new growth avenues and business opportunities for both organizations at group level, fostering a mutually advantageous partnership. Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. The company's consolidated net profit jumped 21.1% to Rs 18.21 crore in Q3 FY26 compared with Rs 15.04 crore in Q3 FY25. Net sales climbed 24% YoY to Rs 106.35 crore in the quarter ended 31st December 2025.Powered by Capital Market - Live

The Board of Directors of Paras Defence and Space Technologies at its meeting, held on 17 February 2026 considered and approved the acquisition of 49% in equity share capital of 'Himanshi Thermal Solutions' (Himanshi Thermal) from DefSpace Technologies (DefSpace).Powered by Capital Market - Live

Net profit of Paras Defence and Space Technologies rose 21.08% to Rs 18.21 crore in the quarter ended December 2025 as against Rs 15.04 crore during the previous quarter ended December 2024. Sales rose 23.99% to Rs 106.35 crore in the quarter ended December 2025 as against Rs 85.77 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales106.3585.77 24 OPM %24.6525.70 - PBDT27.5923.03 20 PBT23.2019.24 21 NP18.2115.04 21 Powered by Capital Market - Live

The board of Paras Defence and Space Technologies at its meeting held on 23 January 2026 has approved to incorporate a new subsidiary named Paras Avionics or Paras Aviation Technologies or such other name as may be approved by the Central Registration Centre, Ministry of Corporate Affairs. The new subsidiary company shall be engaged in systems and solutions for avionic applications, manufacturing, testing, repair and overhauling systems for defence and aerospace platforms. Powered by Capital Market - Live

Paras Defence & Space Techs. will hold a meeting of the Board of Directors of the Company on 23 January 2026.Powered by Capital Market - Live

The board of Paras Defence and Space Technologies at its meeting held on 19 January 2026 has approved incorporation of a subsidiary named Paras Semiconductors. The new subsidiary will be setting up State-of-the-Art Advanced Heterogeneous Packaging and 3D Packaging OSAT (Outsourced Semiconductor Assembly and Testing), with a focus on AI, High Performance Computing (HPC), Networking, and Data Center Applications. Powered by Capital Market - Live

The agreement covers the transfer of technology for the Driver Night Sight (DNS) system used in T-90 tanks. Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. The company reported a 48.9% jump in consolidated net profit to Rs 20.64 crore on 21.4% increase in revenue from operations to Rs 105.72 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live

Paras Defence and Space Technologies has signed licensing agreement with Defence Research & Development Organisation (DRDO), Ministry of Defence for transfer of technology of Driver Night Sight (DNS) for T-90 Tank. Powered by Capital Market - Live

IUAC is an autonomous institute under the University Grants Commission, Ministry of Education. It conducts particle-accelerator-based research and development. Under the MoU, Paras Defence and IUAC will jointly develop a commercial-grade MRI magnet system. The collaboration aims to enable indigenous manufacturing of superconducting MRI magnet technology. The companies said the project supports India's push toward self-reliance under Aatma Nirbhar Bharat. Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions. The company caters to four major segments - defence & space optics, defence electronics, heavy engineering, and electromagnetic pulse protection solutions. The company reported a 48.9% jump in consolidated net profit to Rs 20.64 crore on 21.4% increase in revenue from operations to Rs 105.72 crore in Q2 FY26 over Q2 FY25. Powered by Capital Market - Live