Paras Defence and Space Technologies Ltd - PARAS DEFENCE Share Price

Summary

The Company was incorporated as Paras Flow Form Engineering Limited on 16 June 2009, The Company received the certificate for commencement of business on 24 July 2009. Subsequently, the name of the Company was changed to Paras Flowform Engineering Limited pursuant to a resolution passed by the Shareholders in an extraordinary general meeting held on 22 September 2009 and a fresh certificate of incorporation, dated 25 September 2009 was issued by the RoC. Further, the name of the Company was changed to Paras Defence and Space Technologies Limited pursuant to a resolution passed by the Shareholders in an extraordinary general meeting held on 02 December 2015 and a fresh certificate of incorporation, dated 29 January 2016.The company is involved in design, development, manufacturing, testing & commissioning of products, systems and solutions for Defence & Space Applications.The Board of Directors of the Company at its meeting held on 12th January, 2018 considered and approved the scheme of amalgamation of its associate company named Concept Shapers and Electronics Private Limited and its subsidiary company named Mechvac India Limited, with Paras Defence and Space Technologies Limited. Subsequently, the shareholders of the erstwhile Mechvac India Limited were allotted 100 equity shares fully paid up of Rs10/- each of Paras Defence and Space Technologies Limited for every 784 shares of Mechvac India Limited and the shareholders of the erstwhile Concept Shapers and Electronics... Read More