Board Likely To Announce Stock Split Tomorrow: Defence Drone Company Bags New Order Worth Rs 18,70,500 from Indian Army
The project commenced on January 27, 2025, with a scheduled completion date of March 28, 2025.
DroneAcharya Aerial Innovations Limited (Scrip Code: 543713; Security ID: DRONACHRYA) has been 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.
DroneAcharya Aerial Innovations Limited hereby informs you that the meeting of the Board of Directors of the Company is scheduled to be held on Thursday, January 30, 2025, to discuss the following: 1) Shifting of the Registered Office of the Company from the jurisdiction of Registrar of Companies, Pune to Registrar of Companies, Delhi and Haryana; 2) Consideration of the proposal for sub-division/split of the equity shares of the Company, in such manner, as may be determined by the Board of Directors and subject to approval of the Shareholders and such authorities, as may be required; and 3) Any other matters with the permission of the chairperson.
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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.