The Board of Directors at their meeting held on Wednesday, the 28th May, 2025 Approved the appointment of Mr. Pramod Reddy Mallaiahgari (DIN: 02329517) non-executive, non-independent director ....
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Rnit AI Solutions Ltd (formerly Autopal Industries Limited) held a board meeting on May 28, 2025 and approved several board changes. Five new directors were appointed, including Mr. Lakshmi Narasimha Kameswara Rao Mantha as Non-Executive Director, Mr. Srikanth Somepalli, Mr. Pramod Reddy Mallaiahgari, and Mr. Vijendra Palavalasa as Independent Directors for five-year terms (subject to shareholder approval), and Mr. Malladi Venkata Satya Surya Subrahmanya Sastri as Executive Director for a five-year term. The board also noted the resignation of Mrs. Neelima Nandigam as CEO of the company due to pre-occupation, though she will continue as an Executive Director. The board meeting ran from 8:00 PM to 10:20 PM.
Significant board reshuffle with multiple new appointments suggests a strategic refresh or change in control/management direction. The CEO stepping down (while staying as Executive Director) may indicate a leadership restructuring rather than a complete exit. Shareholders should watch for the postal ballot or EGM results since most appointments need shareholder approval.