RNIT AI Solutions Limited Reports No Deviation in Fund Utilization for Q3 FY26

1 min read Updated on 13 Feb 2026, 11:54 PM

Reviewed by

Ashish TScanX News Team

Overview

RNIT AI Solutions Limited has filed its Q3 FY26 compliance report confirming no deviation in utilization of Rs. 20.83 crores raised through preferential issue on November 5, 2025. The company has utilized Rs. 10.53 crores for business expansion and working capital purposes, with Rs. 10.30 crores remaining unutilized. The Audit Committee confirmed no deviation in fund utilization.

*this image is generated using AI for illustrative purposes only.

RNIT AI Solutions Limited has submitted its quarterly compliance report to BSE Limited, confirming no deviation in the utilization of funds raised through preferential issue for the quarter ended December 31, 2025. The statement was filed in accordance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company successfully raised funds through preferential issue of equity shares allotted to persons belonging to public category. The fund raising exercise was completed on November 5, 2025, generating total proceeds of Rs. 20,82,72,372, rounded off to Rs. 20.83 crores.

Parameter:	Details
Mode of Fund Raising:	Preferential Issue of Equity Shares (Public Category)
Date of Fund Raising:	November 5, 2025
Total Amount Raised:	Rs. 20,82,72,372 (Rs. 20.83 crores)
Reporting Quarter:	December 31, 2025

Fund Utilization Status

The funds were allocated for business expansion including working capital and general corporate purposes. The company has maintained adherence to its original allocation plan without any modifications to the stated objects.

Metric:	Amount (Rs. in Crores)
Original Allocation:	20.83
Funds Utilized:	10.53
Unutilized Amount:	10.30
Deviation/Variation:	NIL

Compliance and Oversight

The company confirmed that no monitoring agency oversight was applicable for this fund raising exercise. The Audit Committee has reviewed the fund utilization and noted that there is no deviation or variation in the utilization of funds raised. The statement indicates no changes in terms of contract or objects that would require shareholder approval.

Company Background

RNIT AI Solutions Limited, formerly known as Autopal Industries Limited, operates with its registered office in Jaipur, Rajasthan, and corporate office in Hyderabad. The company is incorporated under CIN: L62090RJ1985PLC003427 and maintains its compliance obligations through Company Secretary T.T.V.R. Seshan.

The quarterly filing demonstrates the company's commitment to regulatory compliance and transparent reporting of fund utilization to stakeholders and regulatory authorities.

RNIT AI Solutions Secures Work Order for State-wide GenAI Platform Deployment in Andhra Pradesh

2 min read Updated on 20 Jan 2026, 07:55 PM

Reviewed by

Jubin VScanX News Team

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Overview

RNIT AI Solutions Limited received a work order from Andhra Pradesh Technology Services Limited for deploying the first GenAI solution in the state's skill development ecosystem. The project involves implementing an AI-based multilingual interview and job preparation platform for APSSDC, operating on a tiered usage-based SaaS model ranging from ₹50.00 lakhs to above ₹50.00 crores. The platform must be executed within 15 days and will be integrated into the Naipunyam Unified Skill Development Portal.

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RNIT AI Solutions Limited has secured a significant work order from the Government of Andhra Pradesh for deploying a state-wide conversational GenAI platform, marking a milestone in government-scale artificial intelligence implementation. The company received a Notification of Award from Andhra Pradesh Technology Services Limited on January 20, 2026, for this groundbreaking project.

Project Overview and Scope

The work order encompasses the design, deployment and integration of an AI-based multilingual interview platform with conversational job preparation capabilities for the Andhra Pradesh State Skill Development Corporation. This represents the first-of-its-kind Generative AI solution being implemented in the Government of Andhra Pradesh's skill development ecosystem.

Parameter:	Details
Awarding Entity:	Andhra Pradesh Technology Services Limited
Project Type:	AI-Based Multilingual Interview & Job Preparation Platform
Beneficiary:	Andhra Pradesh State Skill Development Corporation
Execution Timeline:	15 days from work order receipt
Selection Method:	Open competitive bidding (L1 bidder)

The platform will be deployed as part of the Naipunyam Unified Skill Development Portal, directly impacting large-scale employability and skill enhancement across the state.

Technology and Features

The project involves deployment of NIA, RNIT's proprietary Conversational GenAI engine suite, which offers comprehensive AI-driven capabilities:

Multilingual conversational AI agents
AI-driven interview simulations
Real-time feedback and skill gap analysis
Advanced GenAI algorithms for candidate assessment and employability readiness

These features are designed to enhance the skill development ecosystem by providing personalized, AI-powered training and assessment tools for job seekers across Andhra Pradesh.

Commercial Structure

The project operates on a usage-linked SaaS pay-per-minute model, structured across four distinct tiers based on usage volume:

Tier:	Usage Range
Tier-1:	Up to ₹50.00 lakhs
Tier-2:	₹50.00 lakhs to ₹5.00 crores
Tier-3:	₹5.00 crores to ₹50.00 crores
Tier-4:	Above ₹50.00 crores

The project will commence under Tier-1 and may progress to higher tiers based on actual platform usage, providing scalable revenue potential for the company.

Strategic Significance

This award positions RNIT AI Solutions as a pioneer in government-scale GenAI deployments and strengthens the company's leadership in AI-led governance and skill-tech platforms. The project opens pathways for potential replication across other Indian states and international markets while reinforcing RNIT's SaaS-driven, scalable revenue model in the public sector.

The company confirmed that promoters, promoter groups, and group companies have no interest in the awarding entity, and the order does not constitute a related party transaction. RNIT AI Solutions is currently completing formal contract execution, including submission of requisite Performance Security as per the Notification of Award terms.