'This contract demonstrates DroneAcharya's commitment to penetrating the U.S. market with customized solutions and marks a new chapter in cross-continental collaboration,' the company said in a statement. DroneAcharya will design eight drones targeting distinct applications, including toy drones for children, law enforcement drones for crowd monitoring, AI and thermal scanning, agricultural drones for spraying and seed bombing, FPV (first person view) drones, and survey drones equipped with GPS. The partnership between DroneAcharya and ABS will see co-production and certification of these eight products in the U.S., thereby reinforcing the market position of both companies in the American drone landscape. Prateek Srivastava, founder & managing director of DroneAcharya, said: 'This contract represents a significant step forward in our mission to establish a presence in the U.S. drone industry. By aligning our services with ABS's vision, we are materializing our partnership and bringing our plans into actionable outcomes.' The company has also announced its earnings for the six months ended on 30 September 2024. Droneacharya Aerial Innovations has reported 61.9% fall in consolidated net profit to Rs 1.51 crore despite a 28.8% increase in net sales to Rs 26.90 crore for the six months ended on 30 September 2024 as compared with the same period last year. Profit before tax for the period under review was Rs 2.43 crore, which is lower by 54.5% from Rs 5.34 crore recorded in the six months ended on 30 September 2023. Following the result announcement, the stock tumbled 16.81% to currently trade at Rs 113.10 on the BSE. DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services. Powered by Capital Market - Live

DroneAcharya Aerial Innovations announced a major milestone in its partnership with American Blast Systems (ABS), California, USA, as it has secured a master contract worth USD 1.75 million (Rs 14.80 crore) for specialized drone consultancy services. The contract encompasses a primary agreement and four key project-specific Purchase Orders (POs), reflecting the ambition and scale of the partnership: 1. U.S. Drone Market Study: This study will offer crucial insights into the U.S. drone market landscape and enable strategic alignment of DroneAcharya products to meet U.S. market needs. 2. Business Plan and Roadmap Consultancy Services: This consultancy phase will develop a robust business strategy and roadmap to enter and expand within the U.S. market effectively. 3. Product Design Services for 8 Specialized Drones: DroneAcharya will design eight drones targeting distinct applications, including toy drones for children (5+ years), law enforcement drones for crowd monitoring, AI and thermal scanning, agricultural drones for spraying and seed bombing, FPV (First Person View) drones, and survey drones equipped with GPS. 4. Manufacturing Setup Consultancy Services: This phase will involve a comprehensive guide on establishing manufacturing infrastructure in the U.S., facilitating local production and meeting stringent certification standards. The partnership between DroneAcharya and ABS will see co-production and certification of these eight products in the U.S., thereby reinforcing the market position of both companies in the American drone landscape. Powered by Capital Market - Live

Droneacharya Aerial Innovations will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

The key equity indices traded with minor gains in early-afternoon trade. The Nifty hovered above the 25,400 level. Media, PSU bank and auto shares declined while consumer durables, IT and private bank stocks advanced. At 13:28 IST, the barometer index, the S&P BSE Sensex advanced 90.87 points or 0.11% to 83,079.65. The Nifty 50 index rose 38.65 points or 0.15% to 25,422.40. In the broader market, the S&P BSE Mid-Cap index fell 0.01% and the S&P BSE Small-Cap index shed 0.40%. The market breadth was weak. On the BSE, 1,582 shares rose and 2,298 shares fell. A total of 114 shares were unchanged. Economy: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.31% (Provisional) for the month of August, 2024 (over August, 2023). Positive rate of inflation in August, 2024 is primarily due to increase in prices of food articles, processed food products, other manufacturing, manufacture of textiles and manufacture of machinery & equipment etc. However, this is the lowest WPI inflation in last four months. Gainers & Losers: Hero Motocorp (up 2.95%), Bajaj Auto (up 1.93%), Britannia Industries (up 1.68%), Bharti Airtel(up 1.50%) and NTPC(up 1.05%) were major Nifty gainers. Tata Motors (down 2.39%), Bharat Petroleum Corporation (down 1.12%), Eicher Motors (down 1.11%), Asian Paints (down 0.85%) and Maruti Suzuki India (down 0.84%) were major Nifty losers. Stocks in Spotlight: Droneacharya Aerial Innovations declined 2.54%. The company said that it has secured an export order for the supply of Drone components for heavy payload logistic drones, valued at USD 240,000. Carborundum Universal (CUMI) rallied 3.28% after the company entered into share purchase agreement (SPA) to acquire 100% stake in Silicon Carbide Products (SCP), Inc. USA for total consideration of Rs 56 crore. Firstsource Solutions added 1.12% after the company announced collaboration with Microsoft to deliver cutting-edge digital transformation services to clients worldwide. JBM Auto shed 0.28%. The company informed that its wholly-owned subsidiary, JBM Ecolife Mobility has successfully secured a $100 million strategic funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB). Global markets: European market advanced as investors will keep an eye on upcoming central bank meetings. Most of Asia-Pacific markets traded higher on Tuesday as investors waiting for the Federal Reserve to kick off its monetary loosening cycle. Regional markets were influenced by a mixed performance on Wall Street, where technology stocks pulled down the Nasdaq Composite. Conversely, the Dow Jones Industrial Average reached a new high, driven by optimism about lower interest rates. Trading volumes were subdued due to market holidays in China and South Korea. Sentiment towards China was dampened by concerns about a potential escalation in trade tensions with the West. The Fed is set to meet Tuesday and Wednesday and is widely anticipated to lower rates for the first time since it began its hiking cycle in March 2022. Markets are pricing in at least 100 basis points of cuts this year. In the United States, the S&P 500 gained 0.13%, while the Dow Jones Industrial Average rose 0.55%, notching a record close. The tech-heavy Nasdaq Composite declined by 0.52%. Apple shares fell by 2.8% following analyst reports suggesting weaker demand for iPhone 16 Pro models compared to the previous year. Chip stocks, such as Nvidia, which led the market rebound last week, also faced selling pressure as investors took profits.Powered by Capital Market - Live

The equity benchmarks traded with tiny cuts in morning trade. The Nifty traded below the 24,400 level. Media shares declined after the advancing in the past three consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex was down 47.44 points or 0.06% to 82,941.34. The Nifty 50 index shed 4.10 points or 0.02% to 25,379.65. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.32% and the S&P BSE Small-Cap index fell 0.53%. The market breadth was weak. On the BSE, 1,487 shares rose and 2,094 shares fell. A total of 183 shares were unchanged. New Listing : Shares of P N Gadgil Jewellers were currently trading at Rs 806.65 at 10:11 IST on the BSE, representing a premium of 68.05% as compared with the issue price of Rs 480. The scrip was listed at Rs 834, exhibiting a premium of 73.75% to the issue price. So far, the stock has hit a high of 843.80 and a low of 785.25. On the BSE, over 8.41 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Media index fell 0.84% to 2,121.45. The index advanced 1.82% in past three consecutive trading sessions. Tips Industries (down 1.51%), Network 18 Media & Investments (down 1.2%), Nazara Technologies (down 1.15%), TV18 Broadcast (down 1.15%), Sun TV Network (down 0.84%), Hathway Cable & Datacom (down 0.83%), PVR Inox (down 0.59%), Saregama India (down 0.57%), Dish TV India (down 0.5%) and Zee Entertainment Enterprises (down 0.16%) edged lower. Stocks in Spotlight: Droneacharya Aerial Innovations fell 2.19%. The company said that it has secured an export order for the supply of Drone components for heavy payload logistic drones, valued at USD 240,000. Allcargo Terminals slipped 1.98%. The company's volumes stood at 53.6'000 TEUs in August 2024, depicting a marginal decline of 1% over last month as well as previous year. Carborundum Universal (CUMI) rallied 4.03% after the company entered into share purchase agreement (SPA) to acquire 100% stake in Silicon Carbide Products (SCP), Inc. USA for total consideration of Rs 56 crore. Powered by Capital Market - Live

This order entails supplying drone components to MB Darvilis, Lithuania. The contract has to be executed within a period of 40 days. This export order will significantly strengthen the company's position as a reliable supplier of high-tech drone components, further boosting its credibility in the global markets. The successful execution of this order is expected to open up new opportunities for future collaborations and expand DroneAcharya's export portfolio. Additionally, the revenue generated will support the company's growth and innovation efforts,' the company said in a statement. DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services. The scrip tumbled 4.76% to currently trade at Rs 148 on the BSE. Powered by Capital Market - Live

SISIR Radar is at the forefront of deep-tech innovation, pioneering indigenous radar technologies for novel applications in sustainable development, agriculture, mining, and more. As part of the agreement, the company has become the exclusive reseller of SISIR Radar products in the Southeast Asian and African regions. Prateek Srivastava, founder and managing director at DroneAcharya, said, 'The collaboration enables DroneAcharya to integrate SISIR's advanced Spatial Aperture Radar (SAR) technologies and hyperspectral imagery into its portfolio, enhancing its ability to offer highresolution 2D and 3D landscape reconstructions for applications in forestry, water management, and agriculture across India. SAR technology is particularly valuable in these sectors due to its ability to capture high-resolution images regardless of weather conditions or daylight, making it indispensable for continuous monitoring, disaster management, and resource mapping.' Previously, the company announced its foray into SpaceTech through its research and development in CubeSats. This new association with SISIR Radar is crucial as it will enable the integration of SAR sensors into these CubeSat constellations, enhancing their capabilities and applications. DroneAcharya Aerial Innovations is engaged in the main operations of the company are imparting the drone operation training, drone supply and maintenance services and management consultancy and training services. The company reported a net profit of Rs 3.96 crore in H1 FY24, steeply higher than Rs 0.13 crore in H1 FY23. Net sales zoomed to Rs 20.89 crore in H1 FY24 as against Rs 1.90 crore posted in the same period a year ago.Powered by Capital Market - Live

Droneacharya Aerial Innovations announced that the Annual General Meeting (AGM) of the company will be held on 4 September 2024.Powered by Capital Market - Live