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Paras Defence incorporates new drone subsidiary for defense and logistics

October 16, 2025 at 07:19 AM UTCBy FilingReader AI

Paras Defence and Space Technologies Limited has incorporated a new wholly-owned subsidiary, Paras Heven Advanced Drones Private Limited, effective October 15, 2025. The new entity, with Corporate Identification Number U26515MH2025PTC459152, is classified as a related party transaction.

Paras Heven Advanced Drones Private Limited has an authorized and paid-up capital of ₹1,00,000, divided into 10,000 equity shares of ₹10 each. Paras Defence subscribed to 5,100 equity shares, totaling ₹51,000, through an initial 100% cash subscription.

Incorporated in Maharashtra, the new private limited company will focus on the development and production of logistics and cargo drones for both defense and civil applications, aligning with the "Defence and Logistics" industry. As a newly incorporated company, it currently has no turnover.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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