Shares of defence engineering firm Paras Defence and Space Technologies fell around 50 per cent on some trading apps in the early trading session on July 4, 2025. This is mainly because of the reason that the shares of the company turned ex-split, adjusting to the pre-announced corporate action. The company had announced a 1:2 stock split and fixed Friday, July 4, 2025, as the record date for the purpose of determining the eligibility of shareholders for this corporate action. As a result, each share of the company, with a face value of Rs 10, is converted into two shares with a face value of Rs 5 each.
"Friday, July 04, 2025 as the “Record Date”for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (one) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 2 (two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up, as approved by the shareholders through Postal Ballot on June 07, 2025," the company said in an exchange filing.
Those investors who owned shares of the company as of the record date will be eligible to receive the bonus shares. Investors buying the stock of Paras Defence and Space Technologies on or after the ex-date will not be eligible for this corporate action.
Paras Defence Share Price
Shares of Paras Defence and Space Technologies ended the session at Rs 1,697.30 on Thursday. Following the adjustment of the subdivision of shares, it opened at Rs 855 on the BSE today.
Some apps initially showed the unadjusted share price for yesterday, suggesting an up to 49-50 per cent fall on the counter.
Stock Hits Upper Circuit
The counter gained further to hit a 10 per cent upper circuit of Rs 933.50. The company's market capitalisation stood at Rs 7,522 crore. The action in the stock comes amid a spurt in volume. As per the BSE, 5.69 lakh shares had traded hands at the time of filing this report. It is higher than the two-week average of 1.32 lakh.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
