The Board of Directors of RNIT AI Solutions Limited (hereinafter referred to as 'the Company'), have at their meeting held on Wednesday, the 14th day of May, 2025,Approved the Shifting ....
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The Board of Directors of RNIT AI Solutions Limited met on 14th May 2025 and approved the shifting of the company's registered office from Jaipur, Rajasthan to Hyderabad, Telangana (Plot No. 92, 93 & 94, Guttala Begumpet, Kavuri Hills, Madhapur). This move follows a Resolution Plan approved by the Hon'ble NCLT vide order dated 23rd September 2024. In the same meeting, the Board deferred approval of the unaudited financial results for Q1, Q2, and Q3 of FY2024-25 to the next board meeting. The meeting ran from 5:00 PM to 6:10 PM IST. The company was formerly known as Autopal Industries Limited.
The office shift to Hyderabad (a major tech hub) aligns with the company's rebranding to an AI Solutions focus. However, the deferral of three quarters of unaudited financial results is a concern, as it delays transparency on the company's actual financial performance and may worry shareholders awaiting key numbers.