Paras Defence Acquires 49% Stake in Himanshi Thermal Solutions for Strategic Expansion

Paras Defence & Space Technologies Limited has announced a strategic acquisition to strengthen its position in the aerospace and defence sector. The company's Board of Directors approved the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited on February 17, 2026. Acquisition Details The acquisition involves purchasing 4,900 equity shares of face value Rs. 10/- each from DefSpace Technologies Private Limited, a related party of Paras Defence. The transaction represents a strategic move aligned with the company's expansion objectives in the aerospace and defence engineering sector. Parameter: Details Acquisition Cost: Rs. 49,000/- Shareholding Acquired: 49% Number of Shares: 4,900 equity shares Face Value per Share: Rs. 10/- Expected Completion: March 31, 2026 Target Company Profile Himanshi Thermal Solutions Private Limited operates in the aerospace and defence engineering sector, specializing in manufacturing fabricated metal products excluding machinery and equipment. The company focuses on producing liquid cold plates for space and airborne applications and provides vacuum heat treatment services to industries requiring precision-engineered metal components and thermal management solutions. Company Details: Information Incorporation Date: March 07, 2022 Authorized Share Capital: Rs. 5,00,000/- Paid-up Share Capital: Rs. 1,00,000/- Total Equity Shares: 10,000 shares of Rs. 10/- each Financial Performance Himanshi Thermal's financial performance over the past three years shows the company is in its early development phase. The company has reported nil turnover across all three financial years since incorporation. Financial Year: Turnover PBT FY 24-25: Nil -8,88,700 FY 23-24: Nil -16,29,332 FY 22-23: Nil -28,06,637 Strategic Rationale The acquisition aligns with Paras Defence's strategic expansion objectives and is structured to offer mutual benefits for both organizations. The transaction is expected to create new growth avenues and business opportunities at the group level, fostering a mutually advantageous partnership in the aerospace and defence sector. Following the acquisition, Himanshi Thermal will become an associate company of Paras Defence as per the provisions of the Companies Act, 2013. The transaction qualifies as a related party transaction since the shares are being acquired from DefSpace Technologies Private Limited, a related party of Paras Defence. Regulatory Compliance The acquisition does not require any governmental or regulatory approvals. The transaction has been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities. Paras Defence & Space Technologies has officially launched its semiconductor subsidiary, marking a strategic entry into the semiconductor segment with advanced packaging technologies for defence and strategic electronics. The company announced the establishment of "Paras Semiconductors Private Limited" following board approval, with plans to set up an advanced heterogeneous and 3D packaging OSAT facility. Subsidiary Structure and Investment The semiconductor subsidiary has been incorporated with a focused capital structure targeting advanced packaging operations. The facility will cater to semiconductor devices for optical and optronic systems used in defence and security applications. Parameter: Details Subsidiary Name: Paras Semiconductors Private Limited Authorized Capital: ₹10.00 lakh Paid-up Capital: ₹10.00 lakh Share Structure: 1,00,000 equity shares of ₹10 each Paras Defence Stake: 70% (70,000 shares) Investment Amount: ₹7.00 lakh Technology Focus and Applications The subsidiary will concentrate on state-of-the-art advanced heterogeneous packaging and 3D packaging OSAT (Outsourced Semiconductor Assembly and Testing) operations. The facility targets high-growth technology segments including defence electronics, artificial intelligence, and high-performance computing applications. Focus Area: Application Defence & Security: Optical and optronic systems AI Applications: Advanced AI processing HPC Solutions: High-performance computing Networking: Network infrastructure Data Centers: Data center operations Strategic Vision and Management Commentary Munjal Sharad Shah, Managing Director of Paras Defence and Space Technologies, emphasized the strategic importance of the semiconductor sector for defence and national security. "Advanced packaging plays a critical role in performance, reliability and supply chain control for sensitive applications," Shah stated. The initiative enables participation in India's evolving semiconductor applications within the defence ecosystem, with emphasis on chiplet integration and advanced system-in-package (SiP) technologies. The company aims to build capability that complements its existing strength in defence electronics and aligns with India's push for a self-reliant semiconductor ecosystem. Recent Financial Performance Paras Defence reported strong financial results with net profit rising 50.00% year-on-year to ₹21.00 crore from ₹14.00 crore. Revenue grew 21.80% to ₹106.00 crore, supported by healthy execution across optics, defence electronics, and space engineering divisions. Financial Metric: Current Period Previous Period Growth (%) Net Profit: ₹21.00 cr ₹14.00 cr +50.00% Revenue: ₹106.00 cr ₹87.00 cr +21.80% EBITDA: ₹30.00 cr ₹22.70 cr +32.00% Shares of Paras Defence and Space Technologies were trading at ₹656.35, down ₹5.90 or 0.89% during market hours. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. 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