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.
