Order in respect of Droneacharya Aerial Innovations Limited
What is this order about?
This order concerns Droneacharya Aerial Innovations Limited and several individuals and entities for alleged violations of securities laws related to fraudulent schemes, misrepresentation of financial statements, and improper use of IPO funds.
Who it concerns
Droneacharya Aerial Innovations Limited, Mr. Prateek Srivastava, Ms. Nikita Srivastava, Instafin Financial Advisors LLP, Mr. Sandeep Ghate, Mr. Kishan R Verma, Mr. Harshal Kher, Corporate Capital Ventures Private Ltd., Micro Infratech Pvt. Ltd., Ms. Mukula Joshi
What was found or directed
- Fraudulent scheme involving misrepresentation of financial statements
- Mis-utilisation of IPO proceeds
- Non-disclosure of quotation of software in prospectus
- Incorrect shareholding disclosures
- Non-disclosure of related party transactions
- Misleading corporate announcements
- Barred from securities market (implied by violations)
- Forensic audit ordered (implied by investigation)
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
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