Paras Defence to acquire 49% stake in Himanshi Thermal
Published on 17/02/2026 02:51 PM
Paras Defence to acquire 49% stake in Himanshi ThermalThe acquisition is expected to be completed by March 31, 2026.By CNBCTV18.com February 17, 2026, 2:51:13 PM IST (Published)1 Min ReadThe board of Paras Defence and Space Technologies Ltd., at its meeting held on Tuesday, February 17, approved the acquisition of a 49% equity stake in Himanshi Thermal Solutions.
The shares will be acquired from DefSpace, a related party of Paras Defence, making the transaction a related party deal.
The acquisition is expected to be completed by March 31, 2026.
Paras Defence will acquire 4,900 equity shares of face value ₹10 each.
Post the transaction, the company will hold 49% of Himanshi Thermal's equity share capital, and the entity will become an associate company under the provisions of the Companies Act, 2013.
Himanshi Thermal, incorporated on March 7, 2022, operates in the manufacturing of fabricated metal products excluding machinery and equipment.
The company specialises in liquid cold plates for space and airborne applications and also provides vacuum heat treatment services. It caters to aerospace and other high-technology sectors that require precision-engineered metal components and thermal management solutions.
In FY25, Himanshi Thermal reported nil turnover.
Paras Defence said the acquisition aligns with its strategic expansion plans and is expected to create new growth opportunities and business synergies at the group level.
Shares of Paras Defence and Space Technologies Ltd. are currently trading 1.27% higher at ₹641.15. The stock is down over 6% so far in 2026.Continue ReadingTagsParas Defence and Space Technologies