Paras Defence and Space Technologies Ltd

🚀 Paras Defence Expands into Semiconductor Packaging with New Subsidiary

- Paras Defence is setting up a new subsidiary, 'Paras Semiconductors Private Limited', focusing on advanced heterogeneous and 3D packaging OSAT facilities.

- The subsidiary aims to serve industries like AI, High-Performance Computing (HPC), Networking, and Data Center Applications.

- Initial investment involves Paras Defence subscribing to 70,000 equity shares (70% stake) for ₹7,00,000, with a total authorized share capital of ₹10,00,000.

- The move represents a strategic expansion into semiconductor assembly and testing, marking a new direction for the company.