We wish to inform that, the Board of Directors of the Company, have at their meeting held on Wednesday, 05th November 2025, inter alia, considered and approved, along with other business ....
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RNIT AI Solutions' board, at its meeting on November 5, 2025, approved the allotment of 47,33,463 equity shares of face value INR 10 each at INR 44 per share (a premium of INR 34 per share) to strategic investors under the public category. This allotment is part of a preferential issue pursuant to a Resolution Plan approved by the NCLT Jaipur Bench. The largest allottees include Ramana D V Nimmakayala (20,45,454 shares, 2.57% post-issue holding), Gunnam Lakshmi Sarojini (6,81,818 shares), and Sanjay Katkar and Kailash Katkar (likely founders of Quick Heal Technologies) along with their family members. The board also approved shifting the books of account to the Hyderabad office. The total shares represent roughly 6% of the post-issue share capital.
The allotment brings in strategic investors, including well-known tech entrepreneurs (the Katkar family), which may boost credibility. Existing shareholders will see dilution of around 6%, but the INR 34 per share premium signals investor confidence in the post-resolution value of the company.