DroneAcharya Aerial Innovations Limited has entered into Share Purchase to acquire 51% stake in M/s PYI Technologies Private Limited.

In continuation of the disclosure made to the stock exchange on December 22, 2023, regarding the signing of a Term Sheet by DroneAcharya Aerial Innovations Limited with PYI Technologies Private Limited, and pursuant to the resolution passed by the Board of Directors in their meeting held on December 22, 2023, the terms and conditions of the Share Purchase Agreement have been finalized on January 02, 2024 and the Agreement has been executed by the authorized representatives of both the Companies.

This strategic acquisition is a pivotal move in DroneAcharya's expansion plan aimed at broadening its service spectrum and enhancing its value-added offerings within the drone industry.