Stock Split News: Share price doubled from February to June - now stock split is approved

News Topical, Digital Desk : It is an Indian defense-technology company that manufactures cutting-edge products in areas such as optical, electronic, heavy engineering and EMP protection. It aims to provide India with advanced technology in the self-reliant defense-resources sector, and is ready for global competition under the 'Make in India' policy. Experts say that the stock was at a price of Rs 614 in March 2024. After this, the price crossed Rs 1400 in June 2024. But after this the stock fell again. After February 2025, the stock gained momentum and the price crossed Rs 1600.

What happened now- This company is Paras Defence and Space Technologies Ltd. The shareholders have passed the proposal to split 1 share (₹10 face value) of the company into 2 shares (₹5 face value) with an overwhelming majority. Overwhelming support in e-voting A total of 2.56 crore votes were cast, of which 99.995% votes were in favor of the share split. Only 0.005% votes were cast against it.

Due to the share split, the company also passed a proposal to change the capital clause of its Memorandum of Association (MOA), which also received 99.9947% support. Record date was 2 May 2025- The record date for the e-voting process was 2 May. A total of 3.09 lakh shareholders were registered. e-voting began on 9 May and ended on 7 June 2025 at 5 pm. The results were safely removed from the system on the same day. The results were officially announced by Company Secretary Jajavalya Raghavan to BSE and NSE on June 9. This split will increase the liquidity of the stock, increase the access of small investors and it is possible to increase the trading volume in future. What does Paras Defence & Space Technologies Company do - Paras Defence & Space Technologies Ltd. is a leading Indian defense and space technology company. It is known as a leading private company working on 'Make in India'. The company was founded in 1972 and is located in Navi Mumbai. What does it manufacture? Defense & Space Optics Small and large optical systems, IR lenses, spectrum cameras, antennas Defense Electronics Rugged electronic systems, command-consoles, Heavy Engineering Rocket-propellant tubes, military winches, EMP Protection & Turnkey Solutions Electromagnetic pulse protection, center for missiles/radar and they are able to design, develop, manufacture, test and install

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