Paras Defence Announces First-Ever Stock Split and Dividend Post-IPO.
Paras Defence and Space Technologies Ltd has announced a stock split and dividend, a first since its Initial Public Offering (IPO). These decisions will be finalized at a board meeting scheduled for April 30th, 2025. The meeting will also release the company's Q4 FY25 results (January-March quarter).
First Stock Split and Dividend Post-IPO
Paras Defence, which went public in 2021, has delivered multibagger returns to its investors. The stock, which listed at ₹175 during its IPO, has since traded as high as ₹1042, reflecting the company's rapid growth. This announcement marks the first time the company has proposed a dividend and stock split since its IPO.
Details from Paras Defence's Filing
In its exchange filing, Paras Defence stated that its board of directors will meet on April 30th, 2025, to review the financial results for the fiscal year ending March 31st, 2025. The meeting will also consider a proposal to subdivide (split) the company's equity shares and discuss the declaration of a dividend.
Paras Defence: A BSE SmallCap Index Component
Paras Defence, a component of the BSE SmallCap index, is a prominent emerging company in the defense sector. The company operates in the satellite, space, and defense technology sectors, experiencing increasing demand. Over the past three years, the company has delivered multibagger returns, making it an attractive option for investors.
