Rnit AI Solutions Bags ₹25 Cr Order from Andhra Pradesh State Skill Development Corporation
RNIT AI Solutions won a Tier-7 (above ₹25 Cr) award from APSSDC for a GenAI conversational AI platform. The five-year SaaS deal covers 20 lakh user interviews.
Value
₹25.00 Cr
From
Andhra Pradesh State Skill Development Corporation (APSSDC)
Execution
Five-year services agreement; configuration/deployment within 15 working days from NOA
RNIT AI Solutions signed a Master Development Services Agreement with 1FC Technology for fintech and insurtech solutions. The project is valued at minimum ₹5 Crore.
RNIT AI Solutions Limited clarified that there is no pending material information impacting its share price. The company stated recent price movements are purely market-driven.
RNIT AI Solutions Ltd has submitted an application to the BSE seeking approval for the reclassification of three promoter and promoter group members to the public category.
RNIT AI Solutions held its 02nd Annual General Meeting on July 29, 2026, where shareholders transacted on financial statement adoption and registered office shifting.
RNIT AI Solutions has scheduled a board meeting for July 29, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026.
RNIT AI Solutions Ltd received requests from one promoter and two promoter group members for reclassification to the public category. The board will consider these requests.
RNIT AI Solutions Ltd. is holding its 2nd AGM on July 29, 2026, to approve financials and re-appoint a director. The meeting will be held via VC/OAVM with e-voting facilities.
RNIT AI Solutions appointed Mr. Pradeep Yalamanchili as VP-Project Delivery. His 20-year global delivery experience will bolster project execution leadership.
RNIT AI Solutions secured two work orders from SBTET Andhra Pradesh for examination and affiliation management systems. The project involves a three-year SaaS-based maintenance period.
RNIT AI Solutions Limited submitted its Annual Secretarial Compliance Report for FY 2025-26. The report by MVK & Associates details the company's regulatory compliance status.
Capricorn Systems reported no deviation in utilizing ₹23.98 Crore raised via rights issue. Most funds were deployed for working capital and corporate purposes.
RNIT AI Solutions successfully rolled out its integrated digital portal for SBTET AP. The platform currently serves approximately 1,00,000 students and staff across the state.
RNIT AI Solutions reported strong FY26 performance with 60% revenue growth, focused on AI-led e-Governance, facial recognition, and conversational AI (NIA).
RNIT AI Solutions Limited confirmed it does not meet the SEBI criteria for identification as a Large Corporate for the financial year ended March 31, 2026. The company reported outstanding borrowings of ₹2.95 Crore. This disclosure clarifies the company's regulatory classification regarding debt sourcing and bond market requirements.
RNIT AI Solutions Limited confirmed the full utilization of ₹20.83 Crore from its November 2025 preferential issue. An additional ₹26.33 Crore raised in March 2026 remains unutilized and will be deployed in due course. The Audit Committee reported no deviations or variations in the use of these funds for the quarter ended March 31, 2026.
RNIT AI Solutions Ltd reported audited financial results for FY26, with a net profit of ₹12.02 Crore on total income of ₹52.28 Crore. This represents significant growth compared to the previous year's profit of ₹7.21 Crore. The board approved these results in their meeting concluded on April 29, 2026.
RNIT AI Solutions Limited has scheduled a Board Meeting on April 29, 2026, to approve the audited financial results for the quarter and year ended March 31, 2026. Consequently, the trading window for company securities remains closed until 48 hours after the results declaration.
