Rnit Ai Solutions: No Deviation in Preferential Issue Fund Utilization

Rnit Ai Solutions Limited has filed its quarterly statement for the period ended September 30, 2026, detailing the utilization of proceeds from its preferential issue of equity shares. The company raised ₹26.33 Crores on March 28, 2026. For the quarter ended September 30, 2026, ₹11.65 Crores were utilized, leaving a balance of ₹14.68 Crores as of June 30, 2026. The entire remaining balance of ₹14.68 Crores was utilized during the quarter ended September 30, 2026. The company confirmed that there is no deviation or variation in the utilization of funds raised, as noted by both the Audit Committee and the auditors. The funds were originally allocated for business expansion, working capital, and general corporate purposes.