Paras Defence Advances Ayatti Stake Sale as Buyer Due Diligence Hits High Gear

Paras Defence and Space Technologies Ltd has initiated the due diligence process for the proposed divestment of its majority stake in Ayatti Innovative Private Limited, a step aligned with the company’s strategy to streamline non-core operations. Approved by the board on March 28, 2025, this move involves the sale of 1,520,000 equity shares of ₹10 each, representing a 58.02% shareholding in Ayatti, held since 2022.

The transaction will conclude once buyer due diligence is complete and a final agreement is signed. The company expects closure of the process by December 31, 2025, subject to regulatory and commercial clearances. Paras Defence clarified that no promoter or group entity is involved in the proposed sale.

The divestment comes as the firm strengthens its focus on core segments like optics, electro mechanical systems, and defense electronics. Ayatti, which reported no turnover in FY23–24, will cease to be a subsidiary post sale. Market participants view this step as a portfolio optimization move amid strong order inflows from India’s defence sector.

Key Highlights

• Stake Details: 58.02% equity in Ayatti (15,20,000 shares of ₹10 each).
• Board Approval: Granted on March 28, 2025.
• Status: Buyer due diligence currently underway; completion likely by Dec 31, 2025.
• Purpose: Strategic divestment to sharpen focus on core defence and space operations.
• Financials: Ayatti reported nil turnover in FY23–24; sale value to be finalized post-due diligence.

Sources: Paras Defence official filing (parasdefence.com), NSE filings, and StockInsights.ai.