RNIT AI Solutions Reports No Deviation in Preferential Issue Funds Use

RNIT AI Solutions Ltd has filed its Statement of Deviation or Variation in utilization of funds raised through Preferential Issue of Equity Shares for the quarter ended March 31, 2026. The company confirmed that there was no deviation or variation in the utilization of funds. Out of the ₹20.83 crores raised on November 5, 2025, the remaining ₹10.30 crores were fully utilized during the quarter for business expansion, working capital, and general corporate purposes. The second tranche of ₹26.33 crores, raised on March 28, 2026, remains unutilized and will be deployed in due course. The Audit Committee also confirmed no deviation.