Paras Defence and Space Technologies Ltd witnessed a surge in its shares following the announcement of a strategic joint venture with HevenDrones Israel. The partnership aims to establish a new entity in India focused on designing and manufacturing advanced drone systems tailored for defence and homeland security needs, with plans for global market expansion. Notably, this joint venture also marks the introduction of hydrogen-powered drone technology to India, combining Paras Defence's manufacturing capabilities with HevenDrones' expertise. The new drones are expected to offer long endurance and modular payloads, catering to logistics, surveillance, defence supply chains, and high-altitude operations. Financially, Paras Defence reported significant growth in revenue and net profit for Q4FY25, indicating a positive trajectory for the company. The board's approval for a stock split and dividend declaration further solidify its market position and attractiveness for investors. With a strong order book and diverse clientele including prestigious Indian government agencies, Paras Defence continues to showcase its strategic integration within the Indian defence and technology ecosystem. In conclusion, the strategic joint venture not only boosts Paras Defence's market capitalization but also underscores its commitment to innovation and excellence in the defence sector. The company's performance highlights its potential for further growth and market expansion in the coming years, supported by its strong financials and strategic partnerships.