DroneAcharya Aerial share price recovers 8% from intra-day low on DGCI approval for AgriVeer

DroneAcharya Aerial Innovations' share price has tanked 38 percent since the start of the year.

Shares of DroneAcharya Aerial Innovations rose 8 percent from its intra-day low to Reach 74.50 after the company announced it had secured the Directorate General of Civil Aviation's (DGCA) Type Certification for its advanced multipurpose drone, AgriVeer.

This approval paves the way for its commercial launch across India, enabling its use in agriculture, education, and RPTO training. The certification underscores the potential to enhance efficiency and precision in key industries.

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"Equipped with next-generation AI-powered capabilities, the company continues to push the boundaries of technology, delivering state-of-the-art solutions tailored to industry needs," the company said in a regulatory filing on February 27.

Last month, DroneAcharya also signed a term sheet for a strategic merger with AVPL International (AITMC Ventures Ltd). The deal, though undisclosed in financial terms, aims to reshape India’s drone ecosystem by integrating DroneAcharya’s expertise in R&D with AVPL’s extensive infrastructure and talent development capabilities.

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The collaboration is set to drive advancements in drone manufacturing, incorporating AI, IoT, blockchain, and robotics while strengthening the Maintenance, Repair, and Overhaul (MRO) ecosystem.

Leaders from both companies see this as a transformative step for India’s drone sector. AVPL’s Founder and MD, Preet Sandhuu, emphasized the merger’s role in scaling operations and pushing technological boundaries, while DroneAcharya’s Founder, Prateek Srivastava, highlighted the synergy between innovation and operational scale.

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The company, a key player in drone technology debuted on the public market in December 2022. Together, they aim to create cutting-edge drones and build a future-ready ecosystem spanning agriculture, logistics, infrastructure, and defence.

At close, shares of the company were trading at Rs 71.2, lower by over a percent from the last close on the NSE. DroneAcharya Aerial Innovations' share price has tanked 38 percent since the start of the year.

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