Corporate News     17-May-24
Board of Delhivery approves incorporation of wholly owned subsidiary
On 17 May 2024
The Board of Delhivery at its meeting held on 17 May 2024 has approved to incorporate a wholly owned subsidiary in India.

The objects of the proposed subsidiary include:

1. Conduct cutting-edge Research and Development (R&D) in UAV technology, focusing on various form factors and payloads for eventual type certification and commercialization.

2. Offer Drone as a Service (DaaS), for shipment movement and remote sensing.

3. Provide UAV Pilot Training, certifying pilots for internal use and obtaining licenses from DGCA, with deployment for ground operations.

4. Engage in Drone Manufacturing, producing and selling UAVs globally, involving thirdparty manufacturing of composite airframe components, procurement of components, integration, quality testing, and flight trials.

Previous News
  Delhivery reports consolidated net loss of Rs 68.47 crore in the March 2024 quarter
 ( Results - Announcements 18-May-24   22:32 )
  Delhivery reports consolidated net loss of Rs 102.94 crore in the September 2023 quarter
 ( Results - Announcements 04-Nov-23   16:40 )
  Delhivery reports turnaround PAT of Rs 54 cr in Q1
 ( Hot Pursuit - 03-Aug-24   13:07 )
  Board of Delhivery approves alteration in capital clause of MoA
 ( Corporate News - 05-Jul-24   19:32 )
  Delhivery allots 2.13 lakh equity shares under ESOP
 ( Corporate News - 09-Mar-24   13:42 )
  Volumes soar at Delhivery Ltd counter
 ( Hot Pursuit - 17-Nov-23   14:30 )
  Delhivery declare Quarterly Result
 ( Corporate News - 11-May-24   12:20 )
  Delhivery reports consolidated net loss of Rs 195.65 crore in the December 2022 quarter
 ( Results - Announcements 11-Feb-23   07:36 )
  Delhivery reports consolidated net loss of Rs 254.11 crore in the September 2022 quarter
 ( Results - Announcements 12-Nov-22   08:17 )
  Delhivery allots 17.28 lakh equity shares under ESOP
 ( Corporate News - 11-Jul-23   18:19 )
  Delhivery to announce Quarterly Result
 ( Corporate News - 30-Oct-23   17:01 )
Other Stories
  USFDA conducts inspection of Apitoria Pharma's unit II
  30-Sep-24   14:32
  AGI Infra director resigns
  30-Sep-24   14:07
  Board of Shakti Pumps (India) to consider bonus issue of 5:1
  30-Sep-24   14:04
  Oriental Rail Infrastructure wins order of Rs 1.10 cr from Indian Railways
  30-Sep-24   14:01
  RVNL successfully bids for East Central Railway project of Rs 180 cr
  30-Sep-24   13:59
  RailTel wins work order of Rs 134 cr from Adani Connex
  30-Sep-24   12:16
  Hind Rectifiers wins order of Rs 98 cr from Indian Railways
  30-Sep-24   12:11
  Scanpoint Geomatics submits EoI for an Indian armed force project
  30-Sep-24   11:57
  Artson Engineering wins order of Rs 11.50 cr from Deepak Nitrite
  30-Sep-24   11:54
  Paras Defence to execute order of Rs 293 cr for Larsen & Toubro
  30-Sep-24   11:30
Back Top