Ucal technology is not a subsidiary of Ucal fuel systems.
it is a division of Ucal fuel systems which is listed. please go through the attached link below.
So by investing in Ucal fuel systems you are directly investing in Ucal technology because this is their futuristic business. it is just like Reliance Jio and reliance retail arm of reliance industries.
However , I donot know how much business they are doing at present out of drone business or if they have received any order. whether they had applied for PLI, though they may not need money. They may have cash from their existing business.
we need to study their balance sheet and also current order book position in Drone .
Discl: not invested. But still studying …under my close watch
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