The Company has submitted outcome of Board Meeting held on 02nd December, 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board reviewed a SEBI order imposing a Rs. 10 lakh penalty on the company and directions restraining access to the securities market. The company disagrees with SEBI's findings and has approved filing an appeal before the Securities Appellate Tribunal (SAT), authorising the MD/CFO to appoint legal advisors. The board clarified that the penalty and market access restraint have no impact on day-to-day drone operations, as the company does not trade in securities. The company highlighted strong business momentum, including an order book of over ₹22 crores in the first eight months of FY 2025-26, with major orders from the Indian Army and Ministry of Defence.
Short-term sentiment may be negative due to the SEBI penalty and market access ban, but the company claims minimal operational impact. Shareholders should watch the SAT appeal outcome, while the strong order book and defence contracts provide a supportive business backdrop.