Double Dhamaka! Defence Company Likely to Announce Stock Split and Dividend

The stock is up by 60 per cent from its 52-week low of Rs 681.95 per share.

Paras Defence & Space Technologies Limited informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia:

1. To consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2025.
2. To consider and approve the sub-division /stock split of existing equity shares of the company according to the provisions of Section 61 of the Companies Act, 2013.
3. To consider and recommend payment of dividend on equity shares of the company for the financial year ended March 31, 2025.

Earlier, the company had signed a Memorandum of Understanding (MoU) with MicroCon Vision Ltd. (MicroCon), part of CONTROP and the Rafael Group, Israel. MicroCon possesses experience and expertise in the design, development, production, and marketing of ISR (Intelligence, Surveillance, and Reconnaissance) payloads and EO/IR (Electro-Optical/Infra-Red) seekers for Drones and Unmanned Aerial Vehicles. Paras and MicroCon will be exclusive partners in India, collaborating on Micro ISR payloads. Kindly take the above information on record and acknowledge receipt.

About the Company

Paras Defence and Space Technologies Ltd (PDST) is a leading private Indian company in the defence and space sector. They design, develop, manufacture, and test a wide range of products and solutions for these critical fields. PDST caters to four main areas: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions. This specialisation allows them to serve a diverse clientele. They supply their products to both government and private entities.

Some of their government clients include prestigious organisations like the Indian Defence Force (IDF), Defence Research and Development Organisation (DRDO), Bharat Electronics Limited (BEL), Indian Space Research Organisation (ISRO), Hindustan Aeronautics Limited (HAL), and various shipyards. In the private sector, they partner with companies like Godrej, Tata Power, Larsen & Toubro, Kirloskar, TCS, and Solar Industries. Their reach extends beyond India as well, with international clients including Israel Aerospace Industries, Rafale Advanced Defence Systems, and Elbit Systems.

The company has a market cap of over Rs 4,000 crore with a 1-year stock price CAGR of 95 per cent. The stock is up by 60 per cent from its 52-week low of Rs 681.95 per share. Investors should keep an eye on this small-cap aerospace & defence stock. 

Disclaimer: The article is for informational purposes only and not investment advice.