Paras Defence And Space Technologies Limited has informed the Exchange that PARAS has divested its entire 58.02% equity stake held in its subsidiary, Ayatti Innovative Private Limited.
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.6 pts less than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Paras Defence has sold its entire 58.02% stake (15.20 lakh shares) in subsidiary Ayatti Innovative Private Limited to Unifab Ultra Technologies LLP for a total consideration of Rs. 6.99 crore. The transaction was executed and completed on March 30, 2026, after which Ayatti ceased to be a subsidiary of Paras Defence. Ayatti was a small contributor to Paras Defence's consolidated financials, accounting for just 0.32% of turnover (Rs. 1.18 crore) and a negative 0.55% of net worth in FY 2024-25, indicating it was a loss-making, non-core unit. The buyer is not a related party to Paras Defence, and the transaction is at arm's length.
This is a minor divestment that simplifies Paras Defence's group structure by offloading a small, loss-making subsidiary. The financial impact on the parent is negligible given Ayatti's tiny revenue contribution and negative net worth, so shareholders are unlikely to see any meaningful change in stock price from this transaction.