Paras Defence to consider stock split at April-end board meeting

Paras Defence and Space Technologies said in a stock exchange filing on Friday that its board of directors will meet on April 30 to consider and approve a proposal to split the company’s existing equity shares.

The agenda for the board meeting also includes consideration of the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025, and a proposal to recommend a dividend for the year, the company said.

The company said the stock split would be taken up under the provisions of Section 61 of the Companies Act, 2013. Paras Defence did not disclose the proposed ratio of the stock split in its filing.


Shares of Paras Defence have gained 40% over the past year and are up 9% in the last six months. In the last week alone, the stock has risen 2.6%.

On the technical front, the stock is trading above seven of its eight key simple moving averages but remains below its 200-day simple moving average. The 14-day Relative Strength Index (RSI) stands at 63.8, indicating that the stock is neither oversold nor overbought.

At the start of this year, Paras Defence announced it had received a lifetime-validity manufacturing license from the Department for Promotion of Industry and Internal Trade (DPIIT) to produce MK-46 and MK-48 belt-fed Light Machine Guns. The license allows an annual production capacity of 6,000 units for each model and is granted under the Arms Act, 1959.

Also read | Paras Defence shares rally 10% on getting license to make Light Machine Guns

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