Paras Defence Announces 1:2 Stock Split: Record Date Set for July 4, 2025

Market Performance

• Opening Price: ₹1,611.40
• Intraday High: ₹1,638
• Intraday Low: ₹1,606.95

The small-cap defense stock has been in focus following its announcement of a first-ever stock split.

Key Details of the Stock Split

Paras Defence and Space Technologies has fixed July 4, 2025, as the record date for its 1:2 stock split.

What Does This Mean for Shareholders?

• Each existing share (face value ₹10) will be split into two shares (face value ₹5).
• The move aims to enhance liquidity and make shares more accessible to retail investors.
• The proposal received 99.99% approval from shareholders, including promoters and institutions.

Historical Context

• This is the company's first stock split since January 2000.
• Earlier this year, Paras Defence also announced its first-ever dividend of ₹0.50 per share.

Strategic Business Developments

Paras Defence has entered into a key partnership with Controp and MicroCon Vision (a subsidiary of Israel's Rafael Group) to supply advanced drone camera technology in India.

Key Highlights of the Deal

• Exclusive Distribution Rights: Paras Defence will be the sole distributor of these drone cameras in India.
• Cost-Effective Solutions: The technology will be offered at significantly reduced prices.
• Boost for Make in India: The company plans to incorporate high Indigenous content, supporting self-reliance in defense tech.

Summary

• Stock Split: 1:2 split, record date July 4, 2025.
• Shareholder Approval: Over 99.99% votes in favor.
• Strategic Move: Partnership for Drone Tech Strengthens India's Defence Manufacturing.

The stock split and new business developments could keep Paras Defence's share price in the spotlight.