RNIT AI Solutions Limited shareholders approved the strategic relocation of the company's registered office from Rajasthan to Telangana, alongside the reappointment of its Managing Director, at the second annual general meeting (post-relisting) held on July 29, 2026. The resolution to shift the registered office involves a consequential alteration of Clause 2 of the Memorandum of Association, aligning the legal domicile with the corporate office located in Hyderabad. This move consolidates the company’s operational and administrative presence in Telangana, where it maintains its corporate headquarters at Plot No. 92, 93 & 94, Kavuri Hills, Madhapur.

The meeting, convened pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was attended by 59 shareholders, satisfying the quorum requirement of thirty members under Section 103(1)(a)(iii) of the Companies Act, 2013. Pramod Reddy Mallaiahgari, Independent Director and Chairman, presided over the proceedings, which commenced at 10:30 A.M. via video conference. T.T.V.R. Seshan, Company Secretary and Compliance Officer, facilitated the agenda, which included the adoption of audited financial statements for the financial year ended March 31, 2026.

Key Resolutions Passed

Shareholders voted on three primary items of business. The most significant operational change was the approved shift of the registered office from Jaipur, Rajasthan, to Telangana. This structural adjustment supports the company’s focus on its core operations in Hyderabad. Additionally, shareholders reappointed Raja Srinivas Nandigam (DIN: 08430111) as Managing Director, who retires by rotation and offered himself for reappointment. The Board’s reports and the auditors’ reports on the financial statements for FY26 were also adopted without objection.

Audit and Governance Compliance

The statutory auditors, M/s. M S P R & Co., represented by CA Teja Kiran, and the secretarial auditors, M/s. MVK & Associates, represented by Mr. Vijaya Kumar M, confirmed that their respective reports contained no qualifications or adverse remarks. Consequently, these reports were not read out in full during the meeting. The clean audit opinion underscores compliance with regulatory standards for the period under review. Mr. Vijaya Kumar also served as the Scrutinizer for the voting process, ensuring fairness and transparency in both remote and venue e-voting mechanisms.

Voting Process and Participation

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI LODR Regulations, the company enabled remote e-voting through National Securities Depository Limited (NSDL). The voting window was open from July 26, 2026, to July 28, 2026, with July 22, 2026, serving as the cut-off date for determining shareholder eligibility. Shareholders attending the virtual meeting who had not cast remote votes were provided with venue e-voting facilities, which remained active for 15 minutes post-meeting. The consolidated results were declared within two working days, with the Scrutinizer’s report submitted to NSDL and BSE Limited.

What the Numbers Show

The absence of any qualifications in the statutory and secretarial audit reports indicates strong governance adherence for FY26. For a company in its second year post-relisting, maintaining clean audit trails while executing significant structural changes like a registered office shift suggests stable internal controls. The reappointment of the Managing Director provides leadership continuity, which is critical for executing the strategic realignment implied by the move to Telangana.

RNIT AI Solutions Limited reported a net profit of ₹1.27 crore for the quarter ended June 30, 2026, marking a 53.7% increase from ₹82.43 lakh in the same period last year. Revenue from operations rose 25.7% to ₹7.85 crore, up from ₹6.25 crore in Q1FY25, driven by growth in its software development and AI design segments. The company’s Board of Directors approved the unaudited financial results on July 29, 2026, alongside a limited review report issued by statutory auditors M S P R & Co.

The Board also approved requests from three promoter group members to reclassify their shareholdings to the "Public" category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification is subject to approval by BSE Limited. The applicants—Vivek Kumar Ratakonda, Venkateswara Prasad Ratakonda, and Vinayak Talwar—confirmed they do not exercise control over the company or hold more than 10% of voting rights collectively.

Financial Performance

Revenue from operations stood at ₹7.85 crore, compared to ₹6.25 crore in Q1FY25. Other income contributed ₹3.49 lakh, while total income reached ₹8.20 crore. Operating expenses remained stable at ₹7.00 lakh, but employee benefit expenses increased to ₹23.86 lakh from ₹18.75 lakh year-ago, reflecting higher staffing costs. Finance costs rose to ₹3.63 lakh from ₹1.47 lakh.

Profit before tax was ₹17.32 crore, up from ₹10.90 crore in the prior year quarter. Tax expenses amounted to ₹4.66 crore, including deferred tax provisions. Earnings per share (basic) were ₹0.15, compared to ₹0.11 in Q1FY25.

Shareholding Reclassification

The reclassification of promoter shares aims to simplify ownership structures without altering control dynamics. Vivek Kumar Ratakonda holds 60,000 equity shares (0.07%), while Venkateswara Prasad Ratakonda holds 1,219 shares (0.00%). Vinayak Talwar holds nil shares. The Board confirmed that shareholder approval is not required as the applicants collectively hold less than 1% of total voting rights.

What the Numbers Show

The 53.7% surge in net profit outpaced revenue growth of 25.7%, indicating improved operating leverage. While employee costs rose significantly, the company maintained margin expansion through controlled operating expenses and stable other income contributions. This suggests efficient cost management in its AI and software services verticals.