Drone Destination Limited — Others, 29-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Drone Destination Limited has announced a board meeting to review the financial results for the quarter and half-year. The company confirmed that funds raised from its IPO (Rs 44.20 Cr) and compulsory convertible warrants (Rs 4.67 Cr) have been used as planned, primarily for purchasing drones, vehicle capex, working capital, corporate purposes, and issue expenses. Auditors and the audit committee found no irregularities in fund utilization, underscoring prudent financial management aligned with shareholder interests.