Kody Technolab Limited — Board Meeting, 29-03-2025: Outcome of Board Meeting

Kody Technolab has announced a board meeting outcome where the board has approved a strategic joint venture with Vira Drones SA, focusing on developing advanced aviation technologies, including autonomous cargo drones and air taxis. Kody will hold a 60% stake in the venture, while Vira Drones will have 40%. An initial investment of €4 million (approximately ₹35 crore) by Kody is planned, aimed at leveraging both companies' strengths in aerospace and manufacturing. This move positions Kody Technolab for growth in the emerging aerial mobility sector without affecting its core operations.