The Company has submitted EOGM Notice to Stock Exchange
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Awaiting price reaction for this filing.
Droneacharya has called an EGM on 16th February 2026 (via video conferencing) with four resolutions. Two resolutions seek shareholder approval to formally appoint Mrs. Meenakshi Niraj Gupta and Mr. Shyam Shankar Jedhe as Independent Directors, filling casual vacancies left by the resignations of Mrs. Bhanupriya Nikhil Thakur and Mr. Utsav Jasapara respectively. A third special resolution seeks approval for the Managing Director Mr. Prateek Srivastava's remuneration of Rs. 90 Lakhs, despite the company reporting inadequate profits in FY24-25 (standalone PAT of negative Rs. 1,346.73 Lacs, largely due to a Rs. 1,303 Lacs expected credit loss provision). The fourth resolution seeks to appoint M/s. Haziyani & Associates as the new Statutory Auditor, replacing M/s. KPRK & Associates LLP who resigned on 20th October 2025. The company has shown a turnaround in H1 FY25-26 with a positive PAT of Rs. 194.27 Lacs on revenue of Rs. 957.93 Lacs, and highlights a defence order pipeline and new DGCA-approved training programs.
Routine governance items: director appointments and auditor change are procedural, but the MD remuneration approval despite losses is a related-party item requiring special resolution. The disclosed return to profitability in H1 FY25-26 and focus on defence orders may support near-term sentiment, though the FY24-25 loss and credit-loss provision remain points of concern.