Drone Destination Limited — Board Meeting, 31-12-2024: Outcome of Board Meeting

The Board has approved the allotment of 1,00,000 equity shares, following the conversion of warrants into equity. The shares, each with a face value of ₹10 and a premium of ₹177, were allotted to two non-promoters: Vivek Singhania (75,000 shares) and Amit Bhartia (25,000 shares). Post-allotment, the paid-up equity share capital increases to ₹24.40 crore, comprising 2,43,99,998 shares. This move reflects ongoing efforts to strengthen the company's capital structure and support strategic initiatives.