Paras Defence zooms 4.5% after completing 49% stake buy in Himanshi ThermalParas Defence zooms 4.5% after completing 49% stake buy in Himanshi Thermal

Introduction

Leading aerospace and defence firm completes acquisition of 49% equity in Himanshi Thermal Solutions for Rs. 49,000, making the company its associate entity.

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Share price movement of Paras Defence

On February 20, 2026, Paras Defence and Space Technologies Ltd opened at ₹630.30, up 0.08% from its previous close of ₹630.25. The stock reached a high of ₹657.80 (4.40%) and a low of ₹629.40. By 12:37 PM, it traded at ₹646.15, a 2.52% increase, with a market cap of ₹5,207.15 crore.

Paras Defence Acquires Himanshi Thermal

Paras Defence and Space Technologies Limited has completed the acquisition of 49% equity in Himanshi Thermal Solutions Private Limited. The transaction was finalized on February 19, 2026. Himanshi Thermal becomes an associate company of PARAS.

The shares were acquired from DefSpace Technologies Private Limited, a related party of PARAS, through a cash consideration of Rs. 49,000. No promoter or group company holds additional interest in Himanshi Thermal.

Himanshi Thermal reported nil turnover in FY 24-25. The acquisition aligns with PARAS’s strategic expansion in aerospace and defence engineering. No regulatory approvals were required, and the deal is now complete.

Stock performance of Paras Defence for period of 1 week, 6 months, and 1 year

Paras Defence delivered a -1.46% return over the past week, declined 7.84% in the past 6 months, and gained 39.8% over the past 1 year.

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Shareholding pattern of Paras Defence

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	53.20%	53.20%	53.70%
FII	5%	6%	7%
DII	1.30%	1.50%	1.90%
Public	40.60%	39.60%	37.50%

About Paras Defence

Paras Defence and Space Technologies Ltd (NSE: PARAS) designs, develops, manufactures, and tests defence and space products, serving Defence & Space Optics, Electronics, Heavy Engineering, and EMP Protection segments.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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