Paras Defence and Space Technologies has informed that the Board of Directors of the Company at its meeting, held on Wednesday, December 13, 2023, considered and approved the incorporation of a Subsidiary Company named ‘Mechtech Thermal Private Limited’ or such other name as may be approved by the Central Registration Centre, Ministry of Corporate Affairs. The Subsidiary Company will engage in Design, Development and Validation of thermal products specially for Aviation, Defence & Space, and Allied Industries. The company will use Advanced Nano Technology, Power Metallurgy, Diffusion bonding techniques to optimize the space and weight to meet the advanced thermal solutions. The details required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is attached herewith as Annexure -A.
The above information is a part of company’s filings submitted to BSE.
