Paras Defence to acquire 49% stake in Himanshi Thermal for ₹49,000
Paras Defence will acquire a 49% stake in Himanshi Thermal Solutions for ₹49,000. The deal is a related party transaction with DefSpace Technologies. Himanshi Thermal, incorporated in March 2022, reported nil turnover in FY25. The acquisition is expected to be completed by March 31, 2026.
The acquisition amount is very small relative to the company's overall size and the target company has reported nil turnover and losses, suggesting a low immediate impact.
The acquisition is a strategic move and a related party transaction, but the target company has reported nil turnover and losses, indicating a neutral immediate financial impact.
Paras Defence and Space Technologies Limited (PARAS) has announced its decision to acquire a 49% equity share capital in Himanshi Thermal Solutions Private Limited ("Himanshi Thermal") from DefSpace Technologies Private Limited ("DefSpace"). The acquisition was approved by the Board of Directors on Tuesday, February 17, 2026.
Himanshi Thermal is engaged in the manufacturing of fabricated metal products, specializing in liquid cold plates for space and airborne applications, and provides vacuum heat treatment services. The company was incorporated on March 07, 2022. For the financial year 2024-25, Himanshi Thermal reported nil turnover and a Profit Before Tax (PBT) of -₹8,88,700. In FY 2023-24, the PBT was -₹16,29,332, and in FY 2022-23, it was -₹28,06,637.
The acquisition falls within the ambit of Related Party Transactions as the shares are acquired from DefSpace, a related party of PARAS. However, none of the promoter/promoter group/group companies of PARAS have any interest in Himanshi Thermal beyond their shareholding. The acquisition aligns with PARAS's strategic objective of expansion and is expected to create new growth avenues and business opportunities at the group level, making Himanshi Thermal an Associate Company of PARAS.
The cost of acquisition is ₹49,000 for 4,900 equity shares of face value ₹10 each. The completion of the acquisition is anticipated by March 31, 2026. No governmental or regulatory approvals are required for this acquisition.
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Paras Defence and Space Technologies Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. 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.