Statement of Deviation or Variation in Utilization of proceeds from preferential issue of equity shares for the quarter ended December 31, 2025
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Awaiting price reaction for this filing.
Rnit Ai Solutions Ltd has filed a quarterly statement on the use of Rs. 20.83 Crores raised through a preferential issue of equity shares to public category investors on 5 November 2025. The funds were earmarked for business expansion, working capital, and general corporate purposes. Out of the total raised, Rs. 10.53 Crores has been utilized during the quarter ended 31 December 2025, while Rs. 10.30 Crores remains unutilized. The company has confirmed there is no deviation or variation from the stated objects, and the Audit Committee has reviewed and noted the same. No monitoring agency was required for this issue.
No negative impact for shareholders — the company has spent roughly half of the raised funds within about two months in line with stated purposes, with the balance still available for deployment. The filing is a routine compliance update and is unlikely to move the stock price materially.