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Corporate News 17-May-23

Board of Paras Defence and Space Technologies approves incorporation of JV entity

At meeting held on 16 May 2023

The Board of Paras Defence and Space Technologies at its meeting held on 16 May 2023 have approved incorporation of an Associate Company with CONTROP Precision Technologies (CONTROP) through a proposed Joint Venture Agreement.

CONTROP is an Israeli Electro Optics (EO) company, specializing inter-alia in the development and production of EO/ Infrared (IR) payloads for Land, Air and Naval applications all around the globe.

The proposed Associate Company shall be engaged in the business of manufacturing EO/IR Systems for various applications in accordance with the Government of India's Make in India initiative.

Previous News

Board of Paras Defence approves acquisition of majority stake in Ayatti Innovative
( Corporate News - 20-Aug-22 16:02 )

Paras Defence and Space Technologies Ltd leads gainers in 'A' group
( Hot Pursuit - 14-Jun-24 12:00 )

Paras wins contract from IRDE, Ministry of Defence
( Corporate News - 31-Jan-24 20:10 )

Paras Defence and Space Technologies reports consolidated net profit of Rs 7.67 crore in the December 2021 quarter
( Results - Announcements 10-Feb-22 08:17 )

Paras Defence and Space Technologies Ltd leads gainers in 'A' group
( Hot Pursuit - 18-Jun-24 12:00 )

Paras Aerospace short listed for PLI scheme for drones
( Corporate News - 21-Apr-22 12:06 )

Paras Defence & Space Technologies Limited: [ICRA]A- (Stable)/ [ICRA]A2+; Rating reaffirmed and assigned to enhanced amount
( Press Releases - 27-Oct-21 13:00 )

Paras Defence and Space Technologies spurts after subsidiary get shortlisted for PLI scheme
( Hot Pursuit - 21-Apr-22 12:36 )

Board of Paras Defence approves proposal to utilize unspent IPO proceeds of Rs 18.97 cr
( Corporate News - 29-Mar-23 12:42 )

Board of Paras Defence and Space Technologies appoints company secretary
( Corporate News - 29-Mar-23 12:48 )

Paras Defence and Space Technologies consolidated net profit declines 31.76% in the December 2023 quarter
( Results - Announcements 09-Feb-24 14:31 )