Revised outcome due to typographical error of the Meeting of the Board of Directors of the Company held on 01st November 2025
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RNIT AI Solutions has filed a revised version of its November 1, 2025 board meeting outcome to correct two typographical errors: the NCLT Jaipur Bench order date was wrongly mentioned as September 23, 2025 instead of September 23, 2024, and the list of proposed allottees was re-sorted in descending order of shares allotted. The substantive business approved by the board remains unchanged: the company will allot 47,33,463 equity shares at INR 44 per share (face value INR 10, premium INR 34), raising about INR 20.83 crore. This is a preferential issue to 14 strategic investors (public category) under the Resolution Plan approved by NCLT, and is part of a larger proposed issuance of up to 1 crore equity shares to strategic investors. Notable allottees include Quick Heal founders Sanjay Katkar and Kailash Katkar along with their family members, who will increase their holdings. The company earlier emerged from insolvency proceedings under the IBC, 2016.
This is a positive capital-raising event that strengthens the company's equity base post its NCLT-driven revival under the Resolution Plan. Existing shareholders should note dilution of roughly 6% from this tranche alone, with further tranches possible under the 1 crore share plan; however, the entry of marquee strategic investors like the Quick Heal promoter family signals confidence in the business.