RNIT AI Solutions Limited has secured multiple work orders from Telangana Technology Services Limited (TGTS), a Government of Telangana undertaking, for the implementation and maintenance of AI-based Facial Recognition Attendance Management Systems across the state's higher education sector. This development follows the company's recent agreement with Andhra Pradesh's higher education department, demonstrating continued expansion in government-led e-governance initiatives.

Telangana Project Scope and Coverage

The latest work orders encompass three distinct segments of Telangana's higher education ecosystem, covering comprehensive deployment across multiple institutional categories under the Government Higher Education Department.

Work Order Breakdown

The company has received three separate work orders targeting different segments of Telangana's educational infrastructure:

Strategic Expansion in Higher Education E-Governance

The Telangana engagement represents RNIT AI Solutions' expansion into another state within the higher education e-governance domain, reinforcing its presence in government-led digital transformation initiatives. The solution operates under a Software-as-a-Service model with transaction-based pricing, where consideration is determined based on attendance authentications processed through the AI-based platform.

Each work order includes standard terms and conditions with invoice-based payments and SLA-linked performance conditions, ensuring comprehensive service delivery across all participating institutions throughout the three-year contract period.

Multi-State Presence in Education Technology

With the Andhra Pradesh agreement covering approximately 3,900 institutions and 1.3 million users, combined with the new Telangana orders serving 1 million users, RNIT AI Solutions has established a significant footprint in South India's higher education digitalization efforts. Both projects utilize the company's AI-driven facial recognition technology for digital attendance authentication and management.

Regulatory Compliance

The work orders have been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that these orders fall within the ordinary course of business and do not involve any related party transactions, with all agreements executed at arm's length with government undertakings.

RNIT AI Solutions Limited's board of directors has successfully approved the issuance of 52,66,537 equity shares on a preferential basis to 18 strategic investors, raising ₹26.33 crore in the second tranche of its court-approved resolution plan. The board meeting held on March 13, 2026, concluded the deliberations for this significant capital raising initiative.

Board Meeting Outcome

The board meeting, which commenced at 2:30 PM and concluded at 3:30 PM, approved the equity issuance under Regulation 30 of SEBI regulations. The following table outlines the key details of the approved issuance:

Complete Investor Allocation Details

The equity shares will be allotted to 18 investors across the public category, with Sageone-Flagship Growth OE Fund receiving the largest allocation of 10,00,000 shares. The comprehensive allocation breakdown includes:

Several investors including Anupama K Katkar, Chhaya S Katkar, Sanjay Katkar, Aswin Gordhandas Jasapara, and Sandeep Mellampudi already held shares in the company and will increase their holdings through this preferential issuance.

Regulatory Framework and Compliance

The equity issuance operates under the Resolution Plan approved by the National Company Law Tribunal, Jaipur Bench, through its order dated September 23, 2024, under the Insolvency and Bankruptcy Code, 2016. This represents the second tranche of the overall plan to issue up to 1,00,00,000 equity shares to strategic investors under the public category.

The company has filed the necessary disclosures pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated January 30, 2026. The regulatory filing confirms that all proposed allottees fall under the public category as per the resolution plan provisions.

Company Operations and Documentation

RNIT AI Solutions Limited, formerly known as Autopal Industries Limited, operates from its registered office at 138 Kalyan Kunj Colony, Kalwar Road, Jhotwara, Jaipur, Rajasthan, and maintains its corporate office at Plot No. 92, 93 & 94, Kavuri Hills, Madhapur, Hyderabad. The regulatory filing was digitally signed by Company Secretary T.T.V.R. Seshan, confirming the board's approval and associated compliance measures. The company has made the complete announcement and investor details available on its website at rnit.ai/announcements for stakeholder access.