Defence Drone Stock In Focus As Board Announces 5:1 Stock Split & Bagged Order Worth Rs 18,70,500 From Indian Army
Earlier, the company was awarded a contract worth Rs 18,70,500 from the Indian Army.
DroneAcharya Aerial Innovations Limited (543713; DRONACHRYA) has announced a proposed stock split, subject to shareholder and regulatory approvals. The Board of Directors has approved the sub-division of each existing equity share with a face value of Rs 10 into five equity shares of Rs 2 each. The record date for the split will be determined and announced later. The company's rationale for the split is to enhance share liquidity and broaden investor participation, particularly among smaller investors, by making the shares more accessible.
Earlier, the company was awarded a contract worth Rs 18,70,500 from the Indian Army. This significant contract mandates the establishment of a dedicated Drone Training Lab for the Indian Army, encompassing the supply of necessary hardware and the provision of comprehensive drone flying lessons to army personnel. The project commenced on January 27, 2025, with a scheduled completion date of March 28, 2025. This achievement solidifies DroneAcharya's position as a key player in the defence sector and underscores its commitment to advancing drone technology within India.
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About the Company
DroneAcharya Aerial Innovations Ltd has emerged as a dominant force in the drone industry, driving innovation and contributing to developing advanced applications. The company's revenue has soared by 89.52 per cent year-on-year, fuelled by its diverse range of services, including drone training, sales, and strategic alliances with renowned organisations. Expanding its operations to Southeast Asia, the Middle East, the European Union, and the United States, DroneAcharya has solidified its international presence.
A key factor in DroneAcharya's success is its commitment to training and development. The company has trained 391 DGCA-certified drone pilots in the past year through its Remote Pilot Training Organizations (RPTOs). Additionally, DroneAcharya has executed high-profile projects, such as delivering COVID-19 vaccines and creating the largest greeting card by a drone, showcasing the practical applications and potential of drone technology. The company continues to innovate by developing products like the AgriVeer agricultural spraying drone and FPV drones for ISR missions, enhancing its product portfolio and technological capabilities.
Disclaimer: The article is for informational purposes only and not investment advice.