Drone Destination Limited — Others, 29-05-2025: Utilisation of Funds

Funds from the Rs 44.20 Cr public issue have been largely deployed toward drones (Rs 10.47 Cr), vehicles (Rs 3.04 Cr of a Rs 5.50 Cr allocation), working capital (Rs 8.50 Cr), general corporate purposes (Rs 11.05 Cr), and issue expenses (Rs 6.63 Cr). Total utilization is Rs 41.74 Cr, with full spending except for vehicles, showing steady progress. Separately, Rs 13.09 million raised via compulsory convertible warrants saw Rs 4.68 million converted to equity, mainly spent on capex (₹2.33 Cr equivalent), working capital (₹1.63 Cr equivalent), and corporate needs (₹0.70 Cr equivalent), with no changes reported.