With reference to the aforesaid subject and Regulation, and in continuation to the Corporate Announcement made on May 23, 2025 at 07.47.03 P.M. Droneacharya Aerial Innovations Limited submitting ....
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Awaiting price reaction for this filing.
Droneacharya Aerial Innovations has disclosed that SEBI issued a Show Cause Notice dated May 15, 2025, following an investigation of the company covering FY 2022-23 and FY 2023-24. SEBI observed instances of non-compliance with certain SEBI regulations and rules during this period. The company received the notice via email on May 22, 2025, and states it will file an appropriate response to the notice. The company claims there is no financial or operational impact from this development. The filing was delayed by about 3 hours beyond the 24-hour SEBI disclosure deadline due to server and IT infrastructure issues, which were resolved by May 23, 2025. The original disclosure was made on May 23, 2025, and this is a revised version with the reason for delay added.
This is a regulatory concern that could create negative sentiment and uncertainty around the stock, as a Show Cause Notice from SEBI may precede penalties or further action. However, since no order has been passed yet and the company claims no financial or operational impact, the actual damage to shareholders remains limited until SEBI's final decision.