Droneacharya Aerial Innovations Ltd — Important, 04-02-2026: Company Update
04-02-2026 | 04:56 pm
04-02-2026 | 04:56 pm
The company has received an interim order from the Securities Appellate Tribunal (SAT), partly allowing its application for relief. This order permits the company to raise funds through a preference issue of shares, provided it discloses the ongoing appeal against a SEBI order. Additionally, the promoters, Mr. Prateek Srivastava and Mrs. Nikita Srivastava, are allowed to pledge their shares and Mrs. Nikita Srivastava can liquidate mutual funds to secure working capital and fulfill existing work orders. This relief provides crucial financial flexibility for the company's operations while the main appeal remains pending.
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