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DroneAcharya Delays Financial Submission For H2 FY25

  • DroneAcharya, listed on BSE SME, has postponed its submission for H2 FY25 from May 27 to July 11.
  • The delay is due to audit process delays caused by resource constraints and internal review procedures.
  • This is the second time the company has delayed reporting its financial numbers, last year facing a fine for a similar delay.
  • DroneAcharya recently halted a merger with AITMC Ventures.
  • In H1 FY25, the company's profit decreased by 62.1% to INR 1.50 Cr, while revenue from operations increased by 28.8% to INR 26.90 Cr.
  • Droneacharya Aerial Innovations' shares closed lower at INR 86.75 on BSE.
  • The stock has depreciated by about 42.7% over the last year.

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