Droneacharya Aerial Innovations Ltd — Important, 05-12-2025: Company Update

DroneAcharya Aerial Innovations announces Mr. Utsav Jasapara has stepped down as an Independent Director, effective December 04, 2025. Mr. Jasapara cited a recent SEBI order concerning the company as the reason for his departure, emphasizing his decision to maintain independence and avoid any perceived association with the ongoing regulatory process. He clarified that he had no involvement or knowledge of the issues raised in the SEBI order, which were outside the scope of his role, and that his resignation is to protect his professional reputation. This change impacts board governance.