RNIT AI Solutions Limited has secured a significant work order from the Andhra Pradesh State Skill Development Corporation (APSSDC) to enhance the state's digital skill development infrastructure. The order, announced on March 31, 2026, involves developing an AI-Enabled Skill & Employment Enhancement Platform as part of the existing Naipunyam Unified Skill Development Portal.

Project Scope and AI Modules

The comprehensive project encompasses the design, development, integration, and deployment of six sophisticated AI-powered modules that will transform how job seekers and learners interact with skill development resources:

The scope extends beyond module development to include platform integration, quality testing, deployment, and ongoing support services, ensuring a comprehensive solution for the state's skill development ecosystem.

Order Classification and Timeline

The work order has been classified as Tier-2 under RNIT AI Solutions' internal policy framework, indicating a project value between Rs. 1 crore to Rs. 10 crore, inclusive of GST. The company must complete the entire project within 6 months from the date of the work order, demonstrating the urgency and importance of this digital transformation initiative.

Project Details and Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders and investors.

Strategic Significance

This government contract represents RNIT AI Solutions' continued expansion in the public sector AI and digital transformation space. The Naipunyam platform enhancement will leverage artificial intelligence to create a more intuitive and effective skill development ecosystem, potentially benefiting thousands of job seekers and learners across Andhra Pradesh. The project's focus on conversational AI and automated matching systems aligns with current trends in employment technology and digital governance initiatives.

RNIT AI Solutions Limited has successfully completed a preferential allotment of equity shares aggregating to ₹26.33 crore, demonstrating strong investor confidence despite challenging market conditions. The AI solutions company, formerly known as Autopal Industries Limited, announced the completion of this strategic fundraising initiative through an official press release.

Share Allotment Overview

The Board of Directors approved the allotment of 52,66,537 equity shares with a face value of ₹10 each at a price of ₹50 per share during their meeting held on March 28, 2026. The issue price includes a premium of ₹40 per share, with all allottees belonging to the Public (Non-Promoter) Category.

Strategic Investor Participation

The preferential issue witnessed strong participation from Alternative Investment Funds (AIFs), strategic investors, and High Net-Worth Individuals (HNIs). Sageone-Flagship Growth OE Fund emerged as the largest new investor, receiving 10,00,000 shares representing 1.18% post-preferential holding. The diverse investor base includes institutional investors, individual investors, and corporate entities.

Fund Utilization and Growth Strategy

The capital raised will support RNIT's expansion across AI-led solutions in government and enterprise sectors. The proceeds will be utilized for strengthening proprietary technology platforms and SaaS offerings, enhancing execution capabilities for large-scale projects, business expansion, and meeting working capital requirements.

Commenting on the development, Mr. Raja Srinivas Nandigam, Managing Director, 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."

Regulatory Compliance

The share allotment was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The initiative forms part of the Resolution Plan approved by the National Company Law Tribunal (NCLT), Jaipur Bench, through its order dated September 23, 2024. Company Secretary T.T.V.R. Seshan digitally signed the regulatory filing on March 31, 2026, ensuring complete compliance with disclosure requirements.

This successful fundraising positions RNIT AI Solutions Limited for its next phase of expansion in the artificial intelligence solutions sector, with the company focusing on delivering sustainable growth and creating long-term value for all stakeholders.