Droneacharya Aerial Innovation , a company specializing in drone technology, has announced changes in its corporate governance structure following a board meeting held on November 18, 2025.

New Statutory Auditors

The board has approved the appointment of M/s. Haziyani & Associates, Chartered Accountants (Firm Registration No. 030087C), as the new statutory auditors of the company. This appointment comes after the resignation of the previous auditors, creating a casual vacancy. The decision is subject to shareholder approval at an upcoming extraordinary general meeting (EGM).

M/s. Haziyani & Associates has nearly two decades of experience and is known for its team of professional Chartered Accountants offering comprehensive financial services.

Executive Remuneration Approval

The board has also approved remuneration packages for two key executives:

1. Mr. Prateek Srivastava, Managing Director
2. Mrs. Nikita Srivastava, CFO & Director

Notably, the board has approved their remuneration in case of inadequate profits, showing the company's commitment to retaining its leadership team during potentially challenging financial periods.

Extraordinary General Meeting

To implement these changes, DroneAcharya Aerial Innovations has scheduled an EGM. Key details include:

• Appointment of Bigshare Services Private Limited as the e-voting agency for the EGM
• Conducting the EGM through video conferencing or other audio-visual means
• Appointment of a scrutinizer to oversee the e-voting process

The board meeting, which took place from 7:00 PM to 8:30 PM, also involved setting the day, date, time, and venue for the EGM and approving the draft notice for the same.

These corporate actions reflect DroneAcharya Aerial Innovations' efforts to maintain strong governance practices. Shareholders will have the opportunity to vote on these matters at the upcoming EGM, with details to be communicated in due course.

Droneacharya Aerial Innovation Limited has secured work orders worth ₹7.12 crores from the Indian Army for the supply of First Person View (FPV) Drones. This development marks a notable achievement for the company in the defense technology sector.

Key Highlights of the Order

Technical Excellence and Customization

DroneAcharya emerged as the sole company to successfully qualify in the rigorous technical and field trials conducted by the Indian Army under challenging operational conditions. Both their FPV Digital and FPV Analogue drone platforms met all evaluation parameters and mission-specific customization requirements set by the Indian Army.

Order Expansion

Following the performance of DroneAcharya's FPV systems, the Indian Army amended the initial order, increasing the total supply quantity by an additional 25% for both categories of FPV drones.

Drone Specifications

The FPV drones under this order are designed for long-range operations and feature:

• Secure real-time video transmission
• Precision payload delivery
• Dual safety mechanisms (electronic and mechanical)
• Optical and operational safety for both training and tactical missions

Impact on Company Growth

The successful execution of this project is expected to:

• Contribute to DroneAcharya's growth trajectory
• Strengthen its order book
• Enhance its strategic positioning within India's defense technology ecosystem

This order reinforces DroneAcharya's commitment to advancing indigenous drone technologies for the defense and security sector, showcasing the company's technological competence, product quality, and manufacturing excellence in the FPV domain.

Upcoming Board Meeting

DroneAcharya Aerial Innovations Limited has announced a board meeting scheduled for November 14, 2025. The meeting agenda includes:

• Reviewing financial results
• Discussing related party transactions
• Considering changes in key positions such as the Internal Auditor and Company Secretary

This development in the defense sector, coupled with the upcoming board meeting, signals a period of potential growth and strategic decision-making for DroneAcharya Aerial Innovations Limited.