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Incorporated in 2019, Drone Destination Limited is India's leading Drone as a Service and Training Company.
Drone converted 1,00,000 warrants into equity shares. Separately, 6,00,000 warrants were not exercised, resulting in a forfeiture of the initial 25% payment, adding ₹2.805 Cr to the company's cash. This impacts capital structure and liquidity.
Drone Destination secured a Rs 17.26 Cr work order from the Andhra Pradesh Govt for spatial data collection using DGPS instruments for state-wide resurvey. This boosts its service offerings and revenue pipeline.
Drone Destination secured a Rs 1.759 Cr work order from KRIBHCO for comprehensive annual maintenance of 70 agriculture drones in Haryana, aligning with the government's digital agriculture initiative.
Drone Destination Limited has informed the Exchange about General Updates
Drone Destination secured three orders totaling Rs 3.5 Cr from the Indian Army. The scope includes establishing an FPV drone training lab, setting up a drone training school for 200 officers, and a Drone Battlefield Manoeuvring Arena.