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Droneacharyas IPO under scanner: Sebi bars company, promoters from markets, slaps Rs 50 lakh penalty

Sebi has barred Droneacharya Aerial Innovations and its promoters from the markets for two years after finding misuse of IPO proceeds, inflated financials, and diversion of funds. The regulator also penalised the company and related entities with Rs 75 lakh for running a fraudulent scheme that misled public investors.