At the same meeting, the board will also consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended 31 March 2025.
The board might also recommend payment of dividend on equity shares of the company for the financial year ended 31 March 2025.
Paras Defence and Space Technologies offers high-precision products and turnkey solutions to the defense and space sector, operating in three main verticals: defense and space optics, defense electronics solutions, and heavy engineering. As of 31 December 2024, the Government of India held 57.05% in the company.
The company had reported a consolidated net profit of Rs 15.04 crore in Q3 FY25, a 125.82% increase as against Rs 6.66 crore posted in Q3 FY24. Revenue from operations spiked 33.63% to Rs 85.77 crore in Q3 FY25 as against Rs 64.18 crore recorded in the corresponding quarter last year.
The scrip fell 1.65% to currently trade at Rs 1055 on the BSE.