DroneAcharya Aerial Innovation Limited has secured significant relief from the Securities Appellate Tribunal (SAT) regarding the penalty order imposed by the Securities and Exchange Board of India (SEBI). The company announced that SAT has granted a stay order against the recovery of penalty amount with immediate effect.

SAT Stay Order Details

The Securities Appellate Tribunal issued its order on December 19 in Appeal No. 549, providing substantial relief to DroneAcharya Aerial Innovation and its promoters. The tribunal's decision comes as a response to the company's appeal against the SEBI order dated November 28.

Tribunal Proceedings and Timeline

The SAT has structured the appeal process with specific timelines for all parties involved. The tribunal has admitted the appeal and established a clear procedural framework for the case proceedings.

Key procedural aspects include:

• SEBI (respondent) has been allowed four weeks to file its reply
• Rejoinder to be filed within two weeks after SEBI's reply
• Stay of recovery subject to 50% penalty deposit within four weeks

Financial Implications

The SAT order significantly reduces the immediate financial burden on DroneAcharya Aerial Innovation. Instead of the full penalty amount, the company is now required to deposit only 50% of the penalty within the stipulated four-week timeline from December 19.

Regulatory Compliance

DroneAcharya Aerial Innovation has maintained transparency by promptly disclosing this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure following the Industry Standards Format (ISF) for uniform disclosures across listed entities.

The SAT's decision provides the company with breathing room while the appeal process continues, allowing it to contest the original SEBI order while meeting reduced financial obligations in the interim.

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.