RattanIndia Enterprises Limited has informed the Exchange regarding a press release dated August 04, 2025, titled "RattanIndia Enterprises Drone Company Neosky Partners with the Karnataka Government to Deploy Drones for Enhanced Security".
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RattanIndia Enterprises' 100% subsidiary NeoSky has expanded its partnership with the Karnataka Government to deploy drones for security purposes. The company has supplied drones to the Kalaburagi district administration and will soon deliver 60 additional 'Tavas' foldable drones to the Karnataka Police, along with previously deployed 'Nimble-I' surveillance drones and 'NS01' micro drones. An official handover event took place on July 24, 2025, presided over by Karnataka's Home Minister. Additionally, NeoSky has launched a drone skilling initiative to train 500 youth from Kalaburagi with DGCA-approved pilot licenses, and is already training 500 agricultural university graduates under its existing 10-year DGCA training license. NeoSky is a full-stack drone company holding DIPP manufacturing license, DGCA approvals, and is among India's pioneers in BVLOS trials.
This strengthens NeoSky's revenue pipeline through government contracts in defence and security, while expanding its drone training business. The partnership boosts the credibility of REL's drone vertical and could support future order wins, though near-term financial impact on the ~₹7,000 crore market-cap company is likely modest.