Paras Defence And Space Technologies Limited has submitted the Exchange a copy of the Scrutinizer's report of Postal Ballot. Further, the Company has informed the Exchange regarding voting results approving the :1. Sub-division/Split of Existing 1 (one) Equity Share of face value of Rs. 10/- each fully paid up into 2 (two) Equity Shares of face value of Rs. 5/- each fully paid up. 2. Alteration of Capital clause of the Memorandum of Association 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 has received shareholder approval through a Postal Ballot for a stock split, where every 1 equity share of face value Rs. 10 will be subdivided into 2 equity shares of face value Rs. 5 each fully paid up. The corresponding alteration of the Capital Clause of the Memorandum of Association was also approved. Both resolutions were passed with overwhelming majority — over 99.99% of votes cast in favour on each resolution. Around 2.57 crore votes were polled, representing 63.69% of the total paid-up share capital, with promoters (100%), public institutions (40.69% participation), and public non-institutions (10.34% participation) all voting in strong support. The resolutions were deemed passed on June 7, 2025, being the last date of e-voting.
The 1:2 stock split will halve the face value per share and double the number of outstanding shares, making the stock more affordable and potentially improving retail participation and liquidity. No direct change in company valuation, though the share price will adjust downward proportionally post the record date.