Paras Defence Acquires 49% Stake in Himanshi Thermal Solutions
Filing Summary
Paras Defence and Space Technologies Ltd has completed the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited from DefSpace Technologies Private Limited. The acquisition, finalized on February 19, 2026, positions Himanshi Thermal as an Associate Company of Paras Defence under the Companies Act, 2013. The transaction, classified as a related party transaction, involved a cash consideration of Rs. 49,000. Himanshi Thermal operates in the aerospace and defence engineering sector, focusing on precision-engineered metal components and thermal management solutions.
Paras Defence and Space Technologies Limited has completed the acquisition of a 49% equity stake in Himanshi Thermal Solutions Private Limited. The acquisition was finalized on February 19, 2026, with the shares acquired from DefSpace Technologies Private Limited. As a result, Himanshi Thermal has become an Associate Company of Paras Defence in accordance with the Companies Act, 2013.
The acquisition involved a cash consideration of Rs. 49,000. Paras Defence acquired 4,900 equity shares, each with a face value of Rs. 10. The transaction is categorized as a related party transaction, as the shares were acquired from DefSpace, a related entity of Paras Defence. There is no interest from the promoter group of Paras Defence in Himanshi Thermal beyond their shareholding.
Himanshi Thermal operates in the aerospace and defence engineering sector. The company specializes in manufacturing fabricated metal products, excluding machinery and equipment. It also focuses on producing liquid cold plates for space and airborne applications and offers vacuum heat treatment services. Himanshi Thermal caters to industries requiring precision-engineered metal components and thermal management solutions.
Himanshi Thermal was incorporated on March 7, 2022. The company reported a nil turnover for the fiscal years 2024-25 and 2023-24, with a turnover of Rs. 215,740 in 2022-23. The company has been operating at a loss, with a profit before tax of Rs. -888,700 in 2024-25, Rs. -1,629,332 in 2023-24, and Rs. -2,806,637 in 2022-23.
The acquisition was completed on February 19, 2026. No governmental or regulatory approvals were required for this transaction. The acquisition aligns with Paras Defence’s strategic objectives and is structured to offer mutual benefits, creating new growth avenues and business opportunities for both organizations.
Paras Defence and Space Technologies Limited is engaged in the design, development, manufacturing, and testing of a wide range of defence and space engineering products and solutions. The company focuses on expanding its capabilities in the aerospace and defence sectors, aiming to enhance its product offerings and market reach.