The Board of Directors at their meeting held on Wednesday, the 28th May, 2025 Approved the appointment of Mr. Lakshmi Narasimha Kameswara Rao Mantha (DIN: 01810556) as a Non-Executive Director ....
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On 28 May 2025, the board of RNIT AI Solutions (formerly Autopal Industries) approved five director appointments: Mr. Lakshmi Narasimha Kameswara Rao Mantha as Non-Executive Director, Mr. Srikanth Somepalli, Mr. Pramod Reddy Mallaiahgari (converted from non-executive to independent), and Mr. Vijendra Palavalasa as Independent Directors for 5-year terms (subject to shareholder approval), and Mr. Malladi Venkata Satya Surya Subrahmanya Sastri as Executive Director for 5 years. The board also noted the resignation of Mrs. Neelima Nandigam as CEO, effective the same day, citing pre-occupation, though she continues as Executive Director. The company has undergone a major board reshuffle, with most new directors having backgrounds in IT services, corporate governance, and financial consultancy.
A significant board overhaul with five new appointments and the exit of the CEO suggests a strategic reset, though she remains on the board as Executive Director which provides continuity. Shareholders should watch for the postal ballot results on independent director appointments, as these will shape the new governance structure.