Drone Destination has confirmed that its promoters and persons acting in concert have not created any encumbrance on the company's shares during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains free from undisclosed charges, providing clarity to investors regarding the status of pledged securities.

The confirmation was submitted by Chirag Sharma, Managing Director of Drone Destination Limited, to the National Stock Exchange of India Limited on April 28, 2026. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

In the disclosure, Sharma declared that neither he nor the promoter group, along with persons acting in concert, has made any direct or indirect encumbrance over the shares of the company. The statement specifically notes that no new encumbrances have been created other than those already disclosed during the financial year ended March 31, 2026.

The following table outlines the key details of the regulatory disclosure:

Drone Destination returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹11.72 crore against a net loss of ₹68.14 crore in the previous year. Revenue from operations rose 40.8% to ₹350.66 crore from ₹248.97 crore in FY25. The turnaround was driven by the company's core Drone segment and the newly introduced Agri Input segment during the second half of the year.

The Board of Directors approved the audited standalone financial results for the half-year and financial year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, GAMS & Associates LLP, issued an unmodified opinion on the financial results. The company reported total income of ₹366.31 crore for FY26, up from ₹257.40 crore in the prior year.

Financial Performance

The company’s profitability improved significantly as total expenses remained largely stable at ₹346.14 crore in FY26 compared to ₹346.03 crore in the previous year. Finance costs increased to ₹29.11 crore from ₹14.52 crore, while depreciation and amortisation expenses decreased to ₹63.35 crore from ₹78.97 crore. The basic and diluted earnings per share (EPS) for the year stood at ₹0.48, compared to a loss of ₹2.81 per share in FY25.

Segment Results

Drone Destination operates in two business segments: Drone related sale and services, and Agri Inputs. The Drone segment contributed ₹270.01 crore to the revenue, while the Agri Input segment generated ₹80.94 crore. The Drone segment reported a profit of ₹10.12 crore before interest and tax, while the Agri Input segment contributed ₹22.90 crore.

Balance Sheet and Cash Flows

The company’s total assets increased to ₹899.57 crore as of March 31, 2026, from ₹792.27 crore a year earlier. Shareholders' equity rose to ₹606.66 crore from ₹594.94 crore, driven by an increase in reserves and surplus to ₹362.66 crore. Borrowings also increased, with long-term borrowings rising to ₹85.09 crore and short-term borrowings to ₹151.39 crore.

Net cash generated from operating activities was negative at ₹6.54 crore, an improvement from the negative cash flow of ₹101.28 crore in the previous year. The company reported a net increase in cash and cash equivalents of ₹22.92 crore, bringing the closing balance to ₹197.68 crore. There were no investor complaints pending as of March 31, 2026.