DroneShield Ltd's stock plummeted 5.05% during intraday trading on Monday, following the company's announcement regarding changes to its financial reporting schedule.

The counter-drone technology company stated it is no longer required to lodge quarterly activity and cash flow reports. Instead, DroneShield will now report half-year and full-year financial statements, effectively reducing the frequency of its financial updates to investors.

This change in reporting requirements may have sparked investor concerns about reduced transparency and less frequent insight into the company's operational performance and cash flow situation, potentially contributing to the sell-off during the trading session.