Paras Defence and Space Technologies has received approval for acquisition of 49% in Equity Share Capital of Himanshi Thermal Solutions (Himanshi Thermal) from DefSpace Technologies (DefSpace).
The acquisition will align with the Company’s strategic objective of expansion. This acquisition will be structured to offer mutual benefits and is expected to create new growth avenues and business opportunities for both organizations at group level, fostering a mutually advantageous partnership.
The Board of Directors of the Company at its meeting, held on February 17, 2026, considered and approved the same.
Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions.
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