AGM Updates: IPO Timeline for AITMC Ventures
- The company has discussed the AGM agendas and discussed FY24 financials
- Compliance: The company's drone, Viraj, has received its type certificate.
- Expansion: The company is set to launch its new drone, Hawk, soon. AVPL International has partnered with IFFCO to initiate drone spray operations across 50 lakh acres in eight states. However, the project has not yet started due to software integration issues.
- Financials FY24 H1’2025: Company has already clocked around ₹44-46 crore of revenue in 1st half of FY25
- IPO Update: The company plans to file a new DRHP within the next two months.
- Management: Appointment of Preet Sandhu as the company's managing director by replacing Deep effective from 30th September 2024. Mr. Deep will be reappointed as the director of the company
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