Droneacharya Aerial Innovations Ltd — Updates, 11-06-2025: Company Update

DroneAcharya Aerial Innovations Limited confirms no deviation in the utilization of IPO proceeds amounting to Rs. 33.97 Cr. Funds were allocated primarily towards the purchase of drones and accessories (Rs. 27.99 Cr) and general corporate expenses (Rs. 5.98 Cr), with no variations from the original plan. The company rectified a filing oversight by submitting the required statement in the correct format. This clarity on fund usage reassures investors about disciplined financial management and adherence to stated objectives.