Paras Defence soars 8% ahead of April 30 board meet

Paras Defence and Space Technologies shares zoomed 7.8% to an intraday high of Rs 1,127 on BSE on Monday after the company announced that its board will meet on April 30 to consider and approve a stock split along with its financial results for the quarter ended March 2025.

“Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, April 30, 2025, inter alia: i. to consider and approve the sub-division/split of existing equity shares of the Company pursuant to the provisions of Section 61 of the Companies Act, 2013,” the company said in an exchange filing.

Additionally, the company has informed that it will also consider the payment of a dividend for its equity shareholders at the same meeting.

As of now, no further details have been provided by the company.

Paras Defence and Space Technologies Stock Split History


According to Trendlyne data, this will be the company’s first-ever stock split.

Paras Defence and Space Technologies Dividend


In addition to the stock split, the company will also declare its first-ever dividend, according to Trendlyne data.

Paras Defence and Space Technologies Share Price Performance


Over the past year, shares of Paras Defence have surged by 50.58%. On a year-to-date (YTD) basis, they have gained 10.80%. In the last six months, the stock has risen by 16.65%, while over the past three months, it has advanced by 10.32%.

Additionally, over the last month, the stock has registered a strong gain of 16.34%.

Also read: Gold's record-breaking surge likely to face headwinds as analysts advise caution

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)