Paras Defence And Space Technologies Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
PARAS · price
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On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 1.3 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 and Space Technologies Limited has received shareholder approval via postal ballot (held on June 7, 2025) for a sub-division (stock split) of its equity shares and corresponding amendment to the Capital Clause of its Memorandum of Association. Under the split, each equity share of face value Rs. 10 will be divided into 2 equity shares of face value Rs. 5 each. The total authorized share capital remains unchanged at Rs. 60.50 crore, but the number of authorized equity shares will double from 6.05 crore to 12.10 crore. The company is now updating its MoA to reflect the new face value and share count. The record date and effective date for the split have not been specified in this filing.
Stock splits typically improve share liquidity and make the stock more affordable for retail investors, without changing the company's overall valuation. Existing shareholders will hold twice as many shares at half the price post the record date. This is generally viewed as a positive, sentiment-friendly corporate action.