RNIT AI Solutions Limited received a no-objection letter from BSE Limited on October 6, 2026, approving the reclassification of three individuals from the Promoter and Promoter Group category to Public.

This regulatory clearance pertains to Vivek Kumar Ratakonda, Venkateswara Prasad Ratakonda, and Vinayak Talwar. The decision aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following applications submitted by the company in July and August 2026.

Regulatory approval details

The exchange reviewed the company's application dated August 3, 2026, which sought formal consent for the status change. BSE confirmed that the reclassification request met the necessary compliance standards under the listing regulations. The letter was signed by Amish Shah, Assistant Vice President, and Sayli Jadhav, Deputy Manager, at Listing Compliance.

The company disclosed that prior communications regarding this matter were made on July 24, July 29, and August 3, 2026. The final approval allows these individuals to be treated as public shareholders rather than promoters, altering their regulatory obligations regarding shareholding disclosures and lock-in periods.

Reclassified individuals

The following members were specifically identified in the BSE letter for reclassification:

RNIT AI Solutions Limited stated that the no-objection letter has been enclosed with its filing and will be made available on the corporate website. The company remains obligated to ensure compliance with subsequent relevant disclosures of material events related to this reclassification, as mandated by SEBI guidelines.

RNIT AI Solutions Limited appointed M/s. Patcha & Associates, Chartered Accountants, as its internal auditors for the financial year 2026-27. The decision was approved by the Board of Directors during a meeting held on October 3, 2026.

The appointment follows the recommendation of the Audit Committee. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Profile

M/s. Patcha & Associates is based in Hyderabad and is led by Mr. Sriramulu Patcha. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and a qualified Cost Accountant with over 15 years of professional experience.

The firm's areas of expertise include:

• Internal Audit
• Statutory Audit
• Tax Audit
• Project Financing
• Business Valuation
• Mergers & Acquisitions
• Capital Reduction Schemes
• Financial Statement Analysis

Board Meeting Details

The Board meeting commenced at 10:30 am and concluded at 11:15 am. The company also referenced SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the disclosure requirements.