Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing about the receipt of a Final Order from the Ministry of Corporate Affairs (MCA).

Key Event: The company received a Final Order dated August 04, 2026, from the Regional Director, Western Region-II, Mumbai, Ministry of Corporate Affairs, on August 12, 2026. This order pertains to a compounding application (SRN AB9357566) filed by the company on December 10, 2025, under Section 441 of the Companies Act, 2013.

Details of Violation: The order compounds an alleged violation of Section 96 of the Companies Act, 2013. The company was required to hold its Annual General Meeting (AGM) for the Financial Year ended March 31, 2025 (FY 2024-25), on or before September 30, 2025. However, the AGM was held on November 15, 2025, resulting in a delay of 56 days. This was reported as the first offence of this nature by the company, and the offence has been made good.

Interim Order & Hearing: A personal hearing was held on June 23, 2026. An Interim Order (No. CoA-11025/2/2026/RD-WR-II/510) was passed on July 01, 2026, which imposed compounding fees.

Financial Impact - Compounding Fees Paid: The Final Order details the following compounding fees that were levied and subsequently paid by the applicants:

  • Droneacharya Aerial Innovations Ltd: ₹76,000 (Payment SRN: UU3468819)
  • Prateek Srivastava (Director): ₹76,000 (Payment SRN: UU3466643)
  • Nikita Srivastava (Director): ₹76,000 (Payment SRN: UU3467973)
  • Jayesh Sharad Kulkarni (Company Secretary): ₹31,000 (Payment SRN: UU3456194)

Total Fees Paid: ₹259,000

Outcome: The Final Order records that the requisite compliance was made by the company as per the directions in the Interim Order, and the non-compliance has been made good. Accordingly, the proceedings in respect of this non-compliance have been dealt with.

Expected Financial Implications: The disclosure states "Not applicable, except as may arise pursuant to the terms of the Final Order," indicating the financial impact is limited to the paid compounding fees with no further expected implications.

Regulatory Directive: The Registrar of Companies, Pune, has been directed to take further necessary action under the Companies Act, 2013.

Parties Involved: The order was addressed to the company and its officials: Prateek Srivastava (Managing Director, DIN: 07709137), Nikita Srivastava (Director), and Jayesh Sharad Kulkarni (Company Secretary). The company's authorized representative was Mandar Wagh, PCS.