The Company has submitted intimation about resignation of Independent Director
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Mr. Utsav Jasapara (DIN: 09711346) has resigned as an Independent Director of DroneAcharya Aerial Innovations Limited, effective December 4, 2025. He also stepped down as Chairman of the Audit Committee and from all other Board Committee roles. In his resignation letter, he stated that his decision was driven by a recent SEBI order issued against the company, and he wished to maintain independence and avoid any perceived association with the ongoing regulatory process. He explicitly denied any personal involvement in the matters covered by the SEBI order, stating his role was limited to board-level oversight. The company has acknowledged his contribution and confirmed compliance with disclosure requirements under SEBI LODR Regulations.
This resignation is linked to a SEBI regulatory action against the company, which raises governance concerns for shareholders. While only one director has stepped down, the underlying SEBI order could have broader implications for the stock, including potential penalties, reputational damage, or further regulatory scrutiny.