Droneacharya Aerial Innovation , a player in the drone technology sector, has recently experienced significant corporate developments, including a change in its statutory auditor and a major contract win from the Indian Army.

Auditor Resignation

KPRK & Associates LLP, the statutory auditor for DroneAcharya Aerial Innovations Limited, has tendered its resignation effective October 20, 2025. The chartered accounting firm cited pre-occupation and other professional commitments as the reason for stepping down. This information was communicated to BSE Limited by Nikita Srivastava, the Director and CFO of DroneAcharya, in compliance with SEBI regulations.

Major Contract Win

In a separate development, DroneAcharya has secured a significant order from the Indian Army for the supply of Sub Tactical Very Short Range Drones. The details of this contract are as follows:

This order is expected to contribute to the company's growth and enhance its reputation in the defense sector. The contract underscores DroneAcharya's focus on the defense and security segment, validating its technological capabilities in FPV (First Person View) drones.

Company's Response

Prateek Srivastava, the Managing Director of DroneAcharya Aerial Innovations Limited, stated that this project reinforces the company's commitment to the defense domain and showcases its manufacturing capabilities. The company views this as an opportunity to strengthen its position in the tactical drone market.

These developments come at a time when DroneAcharya is navigating the challenges of auditor transition while capitalizing on business opportunities in the defense sector.

Droneacharya Aerial Innovation has secured a significant contract from the Indian Army, marking a notable advancement in the company's defense sector operations. The contract, valued at INR 2.59 crore, involves the supply of 500 Sub Tactical Very Short Range Drones to the Indian Army.

Contract Details

Delivery Schedule

The delivery of the drones is structured in three phases:

1. 166 units by April 16, 2026
2. 167 units by July 15, 2026
3. 167 units by October 18, 2026

Strategic Implications

This contract represents a significant milestone for DroneAcharya Aerial Innovations Limited. The company stated that this order strengthens its position in the defense and security segment, validating its technological capabilities in FPV (First Person View) drone manufacturing.

The successful procurement of this contract may indicate the Indian Army's increasing focus on incorporating advanced drone technology into its tactical operations. For DroneAcharya, this presents an opportunity to establish itself as a key player in the defense technology sector.

Company Outlook

DroneAcharya Aerial Innovations Limited expects this project to contribute positively to its growth and enhance its reputation in the defense domain. The contract aligns with the company's strategic focus on the defense and security segment, potentially opening doors for future collaborations and contracts in this sector.

It's worth noting that the contract is executed at arm's length, with no related party or promoter interest involved, ensuring transparency in the procurement process.

As the drone industry continues to evolve and find applications in various sectors, including defense, companies like DroneAcharya that can demonstrate their capabilities in producing specialized drones may be well-positioned for future growth opportunities in both military and civilian markets.