Paras Defence And Space Technologies Limited has informed the Exchange regarding 'Disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015'.
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Awaiting price reaction for this filing.
Paras Defence informed the exchanges about Form C disclosures under SEBI's Insider Trading Regulations for open-market share sales executed on May 19, 2025. Five insiders together sold 15,50,943 equity shares worth roughly ₹25.97 crore to global and domestic marquee funds. Key seller Sharad Virji Shah (Promoter and Chairman) offloaded 9,00,000 shares (₹15.14 crore), bringing his stake from 18.05% to 15.82%. Promoter-group members Anish Hemant Mehta and Kaajal Harsh Bhansali each sold about 2.17 lakh shares, while Whole-Time Director Shilpa Mahajan and designated person Amit Mahajan each sold around 1.08 lakh shares. All trades were on-market sales executed on NSE and intimated to the company on May 20, 2025.
A coordinated insider sell-down of nearly ₹26 crore, with the main promoter cutting his holding by over 2 percentage points, is likely to be viewed negatively by retail investors in the short term and could pressure the stock price. The buyers being marquee funds is a small positive, but the scale of insider selling outweighs that signal for now.