DroneAcharya Aerial Innovations – a new age business

Nice Briefing.
I have a few questions –

1. The proceeds oif IPO – 34 cr approx
   The company had mentioned the utilization of the proceeds towards purchase of Drones and accessories but till 31,March 2023 they have only utilized only 2 cr.
   Infact, they made an FD of 25 cr as mentioned in the Annual Report 2023

2. They also have invested 10 cr in mutual fund.

Same here.
But why are they not utilizing the money received?Are they not clear of future expansions or plans?