Overview

• Paras Anti-Drone Technologies received a Letter of Intent from France’s Cerbair to purchase 30 CHIMERA 200 systems valued at €2.2 million.
• CHIMERA 200 is an advanced drone jamming system designed to counter drone and swarm threats.
• Shares of Paras Defence rose 2.15% to a session high of Rs 1,635.80 after the announcement.
• The company set July 4 as the ex-date for its first-ever 1:2 stock split, reducing the face value of each share from Rs 10 to Rs 5.
• BSE and NSE have placed the stock under the long-term Additional Surveillance Measure framework and promoters hold a 53.74% stake.