Paras Defence and Space Technologies Ltd

Paras Defence Extends Divestment Timeline for Ayatti Stake ⏳📉

- Paras Defence is divesting 58.02% stake (15.2 lakh shares) in subsidiary Ayatti Innovative.

- Due diligence ongoing; completion deadline extended to March 31, 2026 (from Dec 2025).

- Ayatti contributed NIL to Paras Defence's FY23-24 consolidated turnover.

- Ayatti's net worth as of March 2024: ₹(2.55 crore).

- Buyer is unrelated to Promoter/Group companies; not a Related Party Transaction.

- Ayatti will cease to be a subsidiary post-transaction.