Allotment of 52,66,537 (Fifty-Two Lakh Sixty-Six Thousand Five Hundred and Thirty-Seven) equity shares of face value ?10/- each on a preferential basis to strategic investors forming part ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RNIT AI Solutions Ltd's board, at its meeting on March 28, 2026, approved the allotment of 52,66,537 equity shares of face value ₹10 each to strategic investors in the Public (Non-Promoter) category on a preferential basis. The shares were issued at ₹50 per share, which includes a ₹40 premium over the face value, raising approximately ₹26.33 crores in total. The largest allottee is Sageone-Flagship Growth OE Fund with 10,00,000 shares, followed by Anupama K Katkar (7 lakh shares) and Chhaya S Katkar (5 lakh shares). This allotment is part of the implementation of the Resolution Plan approved by the NCLT Jaipur Bench on September 23, 2024, under which the company (formerly Autopal Industries) is restructuring post-insolvency proceedings.
The preferential allotment at a significant premium signals fresh capital infusion and investor confidence as part of the company's revival under its NCLT-approved resolution plan. Existing shareholders may see a modest dilution in their holdings, but the ₹40 premium per share suggests strong demand at the issue price.