The adjourned Board Meeting commenced at 02.00 PM on June 06, 2025 but could not be started and also could not be continued today and adjourned for June 20, 2025.
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Droneacharya Aerial Innovations informed BSE that its adjourned Board Meeting, which commenced at 2:00 PM on June 6, 2025, could not be started or continued and has been further adjourned to June 20, 2025. The meeting was originally scheduled to consider and approve the Audited Standalone and Consolidated Financial Results for the half year and year ended March 31, 2025. The audited results remain pending approval and have already been delayed from the original May 30, 2025 date. The trading window for the stock continues to remain closed and will reopen 48 hours after the audited results are declared.
The repeated adjournment and continued delay in approving audited annual results is a governance red flag that may concern shareholders, as it extends uncertainty around the company's FY25 financial performance and keeps the stock in a trading blackout. Investors should watch for the June 20 meeting outcome.