Rnit Ai Solutions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/03/2026 ,inter alia, to consider and approve The Issue of equity shares ....
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The Board of Directors of RNIT AI Solutions Limited (formerly Autopal Industries Limited) is scheduled to meet on March 13, 2026, to consider and approve the second tranche of equity shares to be issued to Strategic Investors on a preferential basis. This issuance is part of the overall plan to issue up to 1,00,00,000 (one crore) equity shares of face value ₹10 each, as approved under the Resolution Plan sanctioned by the NCLT Jaipur Bench on September 23, 2024 under the Insolvency and Bankruptcy Code, 2016. The company is emerging from the corporate insolvency resolution process and this is the second tranche of capital infusion from strategic investors. The trading window for designated persons has been closed until 48 hours after the board meeting outcome is declared.
Existing shareholders may face equity dilution as up to one crore shares are being issued to strategic investors under the IBC-approved resolution plan. The pricing and identity of investors in this second tranche will be key details for shareholders to watch once the board announces its decision.