Disclosure of Reason for the delay in Submission of Audited Financial Results (Standalone and Consolidated) for the half year and year ended March 31, 2025 under Regulation 33 of the SEBI ....
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Droneacharya Aerial Innovations has informed BSE that it missed the May 30, 2025 deadline to file its audited standalone and consolidated financial results for the half-year and year ended March 31, 2025, as required under SEBI Regulation 33. The company blames an 'unforeseen situation' where its auditors were unable to submit the audited/unaudited financial statements on time. The board meeting originally scheduled for May 30, 2025 was first adjourned to June 6, 2025, and then again to June 20, 2025, as the adjourned meeting on June 6 could not be convened. The trading window for insiders remains closed and will reopen 48 hours after the results are declared. The company has requested BSE to condone the delay.
This is a compliance lapse that may attract a SEBI penalty or fine for late filing of financial results, and reflects governance/audit delays that retail investors should monitor. Repeated adjournments of the board meeting raise concerns about the timeliness and reliability of the company's financial disclosures.