Shares of Paras Defence and Space Technologies were in focus on Tuesday morning, rising over 1% in early trade after the company announced shareholder approval for its maiden stock split. At 10:03 am, Paras Defence shares were trading 1.03% higher at Rs 1,623.70 on the Bombay Stock Exchange (BSE).
In a regulatory filing, the defence engineering firm said shareholders had greenlit the proposal to sub-divide equity shares during a postal ballot conducted on June 7, 2025. This marks the company’s first-ever stock split since its listing.
“This is to inform you that the shareholders of Paras Defence and Space Technologies Limited (the ‘Company’) have approved sub-division/split of equity shares and alteration of Capital Clause of the Memorandum of Association (‘MoA’) of the Company by way of Ordinary Resolution through Postal Ballot on June 07, 2025,” the company said in an exchange filing dated June 9.
According to the filing, the proposal received overwhelming support, with 99.995% of shareholders voting in favour.
Alongside the 1:2 stock split, Paras Defence also declared its first-ever dividend of Rs 0.50 per share during its Q4 FY25 earnings on April 30. The announcement came on the back of a strong financial performance for the quarter.
The company reported a 97% jump in net profit to Rs 19.7 crore, up from Rs 10 crore in the same quarter last year. Revenue also surged 35.8% year-on-year to Rs 108.2 crore, while EBITDA rose sharply to Rs 28.3 crore from Rs 3.4 crore. Margins improved significantly, expanding nearly 10 percentage points to 26.2%.
Paras Defence specialises in designing, developing, manufacturing, and testing a wide array of defence and space engineering products. Its business relies heavily on contracts awarded by the central government, defence public sector undertakings, and space research institutions.
Shares of the company are expected to remain active as investors digest the implications of the stock split and the company’s strong earnings momentum