Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Board of Directors at their meeting held today i.e. ....
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Awaiting price reaction for this filing.
Droneacharya Aerial Innovations held a board meeting on May 30, 2025, which ran from 2:00 PM to 6:30 PM. The auditors were unable to submit the audited and unaudited financial statements (standalone and consolidated) for the half year and full year ended March 31, 2025, due to unforeseen circumstances, so these results have been deferred. The board approved acquiring the remaining 49% stake in DroneAcharya Miltech Private Limited for a cash consideration of Rs 49,000, making it a wholly owned subsidiary—this is confirmed as a related party transaction done at arm's length. The board also discussed global expansion plans in the drone industry (Southeast Asia, Europe, North America, Africa) across sectors like agriculture, defence, and logistics. A proposal to issue warrants convertible into equity shares to promoters was considered but deferred to the next board meeting. The meeting was adjourned to June 6, 2025, to finalize the financial statements, board's report, and auditor reports.
The delay in audited results is a negative signal that could create uncertainty for shareholders and keep the stock in a trading window blackout until results are declared. The small Rs 49,000 acquisition of the remaining stake in the subsidiary is financially minor but consolidates control; the proposed warrants issue to promoters could lead to future equity dilution once approved.