RNIT AI defies challenging market conditions; raise INR 26.33 crore

Hyderabad,
March 31st, 2026 : RNIT AI Solutions Limited (“RNIT” or “the
Company”), a listed entity specializing in Artificial Intelligence (AI) and
digital transformation solutions, has successfully completed a preferential
allotment of equity shares aggregating to approximately ₹26.33 crore. The
allotment has been carried out pursuant to the Resolution Plan approved by the
Hon’ble National Company Law Tribunal (NCLT), Jaipur Bench, vide its order
dated September 23, 2024, and in accordance with applicable SEBI Regulations,
the Companies Act, 2013, and stock exchange requirements.

The
Board of Directors at their meeting held on March 28, 2026 approved the
allotment of 52,66,537 equity shares of face value ₹10 each at a price of ₹50
per share, including a premium of ₹40 per share, to strategic investors under
the Public (Non-Promoter) category.

The
issue witnessed strong participation from Alternative Investment Funds (AIFs),
strategic investors, and High Net-Worth Individuals (HNIs), reflecting robust
investor confidence in RNIT’s strategic direction, execution capabilities, and
future growth potential.

The
capital raised through this preferential issue will support the Company’s
expansion across AI-led solutions in government and enterprise sectors,
strengthen its proprietary technology platforms and SaaS offerings, and enhance
its ability to execute large-scale, high-impact projects. The proceeds will
also be utilized for business expansion, strengthening digital and AI
capabilities, and meeting working capital and general corporate requirements.

Commenting
on the development, Mr. Raja Srinivas Nandigam, Managing Director, RNIT AI
Solutions Limited, stated, “ The successful completion of this preferential
issue is a strong endorsement of RNIT’s strategic direction and execution
capabilities. As demand for AI-led solutions continues to accelerate across
both government and enterprise ecosystems, this capital infusion enables us to
scale our operations and deepen our technology capabilities. We remain focused
on delivering sustainable growth and creating long-term value for all
stakeholders.”

RNIT
AI Solutions Limited is a fast-growing technology company focused on Artificial
Intelligence and digital governance solutions, delivering transformation across
government, enterprise, and social sectors.