BSECompany Update2d ago · 29 Oct 2026, 08:02 pm
Statement of Deviation or Variation in Utilization of Proceeds from Preferential Issue of Equity Shares for the quarter ended September 30, 2026.
Rnit Ai Solutions Ltd · 517286
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RNIT Ai Solutions Ltd has filed a statement with BSE regarding the deviation or variation in the utilization of proceeds from the preferential issue of equity shares for the quarter ended September 30, 2026. The company has utilized ₹11.65 crores out of the total amount of ₹26.33 crores during the quarter ended June 2026, leaving a working balance of ₹14.68 crores. The entire unutilized balance was utilized during the quarter ended September 30, 2026.
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Rnit Ai Solutions Ltd - 517286 - Statement Of Deviation Or Variation In Utilization Of Proceeds From Preferential Issue Of Equity Shares For The Quarter Ended September 30, 2026.
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October 29, 2026
The Manager,
Department of Corporate Services,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai, Maharashtra – 400 001.
Sub: Statement of Deviation or Variation in Utilization of Proceeds from
Preferential Issue of Equity Shares (Public Category) – for the Quarter ended
September 30, 2026.
Scrip Code: 517286
Dear Sir / Madam,
Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing
herewith the Statement of Deviation or Variation in utilization of funds raised
through the Preferential Issue of Equity Shares for the Second Quarter ended on
September 30, 2026, of the Financial Year 2026-27, as detailed in Annexure-A.
You are requested to kindly take the above information on record.
Thanking you,
Yours faithfully,
For RNIT AI Solutions Limited
T.T.V.R. Seshan
Company Secretary & Compliance Officer
Membership Number: A73647
RNIT AI Solutions Limited [Formerly known as Autopal Industries Limited]
Registered Office Corporate Office
RNIT AI Solutions Limited, 138 Kalyan Kunj Colony, RNIT AI Solutions Limited, Plot No.92, 93 & 94
Kalwar Road, Jhotwara, Jaipur, Rajasthan-302012. Kavuri Hills, Madhapur, Hyderabad-500033.
CIN: L62090RJ1985PLC003427
email: cs@rnit.ai; Phone No.: +919281417110
www.rnit.ai
Annexure - A
Statement on deviation / variation in utilization of funds raised
Name of Listed Company RNIT AI Solutions Limited
Preferential Issue of Equity Shares and allotted to persons
Mode of Fund Raising
belonging to Public Category.
Date of Raising Funds 28th March 2026.
Total Funds raised Rs. 26,33,26,850/- (Rounded off Rs. 26.33
Amount Received
Crores)
Report filed for quarter ended 30th September 2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of
Not Applicable
a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
The Audit Committee has noted that there is no deviation or variation
Comments of the Audit Committee after review
in the utilization of funds raised.
Comments of the auditors, if any NIL
Objects for which funds have been raised and where there has been a deviation in the following table:
Amount of
Deviation/
Original Modified Funds
Modified Variation for the Unutilized
Sr. Original Objects Object, If Allocation allocation, if Utilized quarter according Amount (Rs. Remarks if any
No. any (Rs. in any (Rs. in (Rs. In to applicable in Crores)
Crores) Crores) Crores)
object
(Rs.in Crores)
Out of the total amount of
₹26.33 crores, ₹11.65
crores was utilized during
Business
expansion the quarter ended 30th
including June 2026, leaving a
Working balance of ₹14.68 crores
1 NIL 26.33 NIL 26.33 NIL NIL
Capital and unutilized as on 30th June
General 2026. The entire unutilized
Corporate balance of ₹14.68 crores
Purposes was utilized during the
quarter ended 30th
September 2026.
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which funds have been raised; or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed; or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc.
For RNIT AI Solutions Limited
T.T.V.R. Seshan
Company Secretary & Compliance Officer
Membership Number: A73647
RNIT AI Solutions Limited [Formerly known as Autopal Industries Limited]
Registered Office Corporate Office
RNIT AI Solutions Limited, 138 Kalyan Kunj Colony, RNIT AI Solutions Limited, Plot No.92, 93 & 94
Kalwar Road, Jhotwara, Jaipur, Rajasthan-302012. Kavuri Hills, Madhapur, Hyderabad-500033.
CIN: L62090RJ1985PLC003427 email: cs@rnit.ai; Phone No.: +919281417110
www.rnit.ai