The Board of Directors of RNIT AI Solutions Limited, have at their meeting held on Thursday, the 29th day of May, 2025, interalia considered and approved, along with other business items, ....
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The Board of RNIT AI Solutions Ltd approved all four quarters' financial results for FY25 in a single meeting on 29 May 2025. Revenue from operations went from nil in FY24 to Rs. 458.79 lakh (Q1), Rs. 714.40 lakh (Q2) and Rs. 807.85 lakh (Q3 FY25), totalling about Rs. 1,981 lakh for 9M FY25. The company swung from a loss of Rs. 31.64 lakh in FY24 to a net profit of about Rs. 378.79 lakh in 9M FY25, with EPS of Rs. 0.53 (9M). However, operating cash flow for H1 FY25 was deeply negative at Rs. (1,695.80) lakh. The results reflect a post-CIRP business after NCLT Jaipur approved a Resolution Plan in Sept 2024, involving merger of RNIT Solutions & Services Ltd, 75% cancellation of public shareholders' shares, infusion of Rs. 300 lakh, and a complete change in management and name.
Existing public shareholders lost 75% of their holdings in the restructuring, while new investors from the merged RNIT business now own the bulk of equity. Top-line and profit growth look strong on paper but are largely driven by the merger, and the heavy negative operating cash flow signals working-capital strain worth monitoring.