Droneacharya Aerial Innovations Ltd — Board Meeting, 30-05-2025: Board Meeting

DroneAcharya Aerial Innovations has announced a board meeting on May 30, 2025, which continued the discussion on key issues. The auditors could not submit the audited and unaudited consolidated and standalone financial results for the half year and financial year ended March 31, 2025, due to unforeseen circumstances. The board approved acquiring the remaining 49% stake in DroneAcharya Miltech Private Limited, making it a wholly owned subsidiary, expanding the company’s footprint in manufacturing and services. The company also approved adopting an ESOP policy and deferred the proposal for issuing convertible warrants to promoters to the next meeting. The board meeting was adjourned to June 6, 2025, to finalize pending approvals and reports. Trading remains closed until 48 hours after the results declaration.