Droneacharya Aerial Innovations Ltd pays ₹2.59 lakh compounding fee for AGM delay

The Regional Director, Mumbai, Ministry of Corporate Affairs, has levied a total compounding fee of ₹2,59,000 on droneacharya aerial innovation and its officers for a 56-day delay in holding the Annual General Meeting (AGM) for the financial year ended March 31, 2025. The fee was imposed following an application filed by the company under Section 441 of the Companies Act, 2013, to compound the alleged violation of Section 96 regarding the AGM timeline.

The Interim Order, dated July 01, 2026, identified the delay as a procedural non-compliance that was unintentional. The AGM for the period 2024-25 was due on September 30, 2025, but was conducted on November 25, 2025. The Regional Director noted that the company had rectified the default and that the act was not prejudicial to the interests of members or the public.

The compounding fee structure includes contributions from the company and its designated officers. The breakdown of the fees payable is detailed below:

Applicant Name	Compounding fee payable by the applicant (in INR)
Droneacharya Aerial Innovations Ltd	76,000/-
Prateek Srivastava	76,000/-
Nikita Srivastava	76,000/-
Jayesh Sharad Kulkarni	31,000/-
TOTAL	2,59,000/-

The order directs the company and the concerned officers to remit the compounding fees within 30 days of the order date. The Regional Director considered factors such as the financial condition of the company, which reported a loss of ₹13,45,62,000 for the financial year 2024-25, and the absence of similar previous offences in determining the penalty.

Droneacharya Aerial Innovations Ltd stated that it is taking all necessary steps to comply with the directions contained in the Interim Order. The company submitted the disclosure to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.27%	-3.85%	+2.48%	-6.52%	-54.06%	-62.91%

droneacharya aerial innovation has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The meeting will be convened to discuss and approve the company's financial performance for the recent fiscal period.

Agenda for the Meeting

The primary focus of the board meeting will be the review and approval of the audited financial statements. The directors will consider the following specific agenda items:

Audited Standalone Financial Results for the Half Year and Financial Year ended on March 31, 2026.
Audited Consolidated Financial Results for the Half Year and Financial Year ended on March 31, 2026.
Any other matters with the permission of the Chairperson.

Regulatory Compliance

The intimation regarding the board meeting was submitted to BSE Limited on May 25, 2026. This disclosure is made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Prateek Srivastava, Managing Director of DroneAcharya Aerial Innovations Limited.