Paras Defence Divests 58.02% Stake in Subsidiary Ayatti Innovative for ₹6.99 Crore
Paras Defence has divested its entire 58.02% stake in subsidiary Ayatti Innovative Private Limited for ₹6.99 crore. The transaction was completed on March 30, 2026. Ayatti is no longer a subsidiary. The buyer is Unifab Ultra Technologies LLP.
The divested subsidiary contributed a very small percentage (0.32%) to the company's consolidated turnover and had a negative net worth contribution. Therefore, the financial impact of this divestment on the parent company is expected to be minimal.
The divestment of a subsidiary is a corporate action that does not inherently carry a positive or negative financial implication without further context on the subsidiary's performance and the strategic rationale. The transaction value is relatively small compared to the overall company.
Paras Defence and Space Technologies Limited (PARAS) has divested its entire 58.02% equity stake in its subsidiary, Ayatti Innovative Private Limited (Ayatti). The transaction, comprising 15,20,000 equity shares of face value ₹10 each, was completed on March 30, 2026. Consequently, Ayatti is no longer a subsidiary of PARAS.
The divestment was carried out for a total consideration of ₹6,99,20,000 (Rupees Six Crores Ninety Nine Lakhs Twenty Thousand). The buyer is Unifab Ultra Technologies LLP, and they do not belong to the promoter, promoter group, or group companies of PARAS. This transaction does not fall within related party transactions.
For the financial year 2024-25, Ayatti contributed 0.32% to PARAS' consolidated turnover, amounting to ₹1,18,01,314. Its net worth contributed -0.55% to the consolidated financials, with a value of ₹(3,37,45,744.64). The Agreement for Sale was executed on March 30, 2026, with the completion of the sale also on the same date.
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Paras Defence and Space Technologies Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Paras Defence and Space Technologies Limited. Read the original for the full detail.