News Orders & Deals Paras Defence Acquires 49% Stake in Himanshi Thermal Solutions for Strategic ExpansionParas Defence Acquires 49% Stake in Himanshi Thermal Solutions for Strategic Expansion
Paras Defence and Space Technologies Limited announced the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited for Rs. 49,000/- on February 17, 2026. The target company specializes in manufacturing liquid cold plates for aerospace applications and thermal management solutions. The strategic acquisition, expected to complete by March 31, 2026, will make Himanshi Thermal an associate company and create new growth opportunities in the aerospace and defence sector.
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Paras Defence & Space Technologies Limited has announced a strategic acquisition to strengthen its position in the aerospace and defence sector. The company's Board of Directors approved the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited on February 17, 2026.
Acquisition Details
The acquisition involves purchasing 4,900 equity shares of face value Rs. 10/- each from DefSpace Technologies Private Limited, a related party of Paras Defence. The transaction represents a strategic move aligned with the company's expansion objectives in the aerospace and defence engineering sector.
| Parameter: | Details |
|---|---|
| Acquisition Cost: | Rs. 49,000/- |
| Shareholding Acquired: | 49% |
| Number of Shares: | 4,900 equity shares |
| Face Value per Share: | Rs. 10/- |
| Expected Completion: | March 31, 2026 |
Target Company Profile
Himanshi Thermal Solutions Private Limited operates in the aerospace and defence engineering sector, specializing in manufacturing fabricated metal products excluding machinery and equipment. The company focuses on producing liquid cold plates for space and airborne applications and provides vacuum heat treatment services to industries requiring precision-engineered metal components and thermal management solutions.
| Company Details: | Information |
|---|---|
| Incorporation Date: | March 07, 2022 |
| Authorized Share Capital: | Rs. 5,00,000/- |
| Paid-up Share Capital: | Rs. 1,00,000/- |
| Total Equity Shares: | 10,000 shares of Rs. 10/- each |
Financial Performance
Himanshi Thermal's financial performance over the past three years shows the company is in its early development phase. The company has reported nil turnover across all three financial years since incorporation.
| Financial Year: | Turnover | PBT |
|---|---|---|
| FY 24-25: | Nil | -8,88,700 |
| FY 23-24: | Nil | -16,29,332 |
| FY 22-23: | Nil | -28,06,637 |
Strategic Rationale
The acquisition aligns with Paras Defence's strategic expansion objectives and is structured to offer mutual benefits for both organizations. The transaction is expected to create new growth avenues and business opportunities at the group level, fostering a mutually advantageous partnership in the aerospace and defence sector.
Following the acquisition, Himanshi Thermal will become an associate company of Paras Defence as per the provisions of the Companies Act, 2013. The transaction qualifies as a related party transaction since the shares are being acquired from DefSpace Technologies Private Limited, a related party of Paras Defence.
Regulatory Compliance
The acquisition does not require any governmental or regulatory approvals. The transaction has been disclosed in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.
Historical Stock Returns for Paras Defence Space Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.89% | -1.47% | -1.89% | -5.67% | +43.93% | +160.79% |
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