RNIT AI Solutions: ₹11.65 Cr Utilized from Preferential Issue in Q1 FY27

RNIT AI Solutions Limited (formerly Autopal Industries Limited) has reported its utilization of proceeds from a preferential issue of equity shares for the quarter ended June 30, 2026. The company raised ₹26.33 Crores and utilized ₹11.65 Crores during the quarter, leaving a balance of ₹14.68 Crores unutilized as of June 30, 2026. The funds were raised on March 28, 2026, and allocated for business expansion, working capital, and general corporate purposes. The company stated there is no deviation or variation in the use of funds, a conclusion supported by the Audit Committee and auditors.