Description

BSE revokes trading suspension for RNIT AI Solutions Ltd. effective October 16, 2025, following NCLT-approved resolution plan. Trading will resume through Special Pre-open Session.

Summary

BSE has announced the revocation of trading suspension for RNIT AI Solutions Ltd. (formerly known as Autopal Industries Ltd., Scrip Code: 517286) effective Thursday, October 16, 2025. This decision follows the NCLT-approved resolution plan dated September 23, 2024, and supersedes the original suspension notice (20160328-15) from March 28, 2016. The security will be traded through the Special Pre-open Session (SPOS) mechanism designated for IPOs and relisted scrips.

Key Points

  • Trading suspension revoked for RNIT AI Solutions Ltd. (Scrip Code: 517286)
  • Company was formerly known as Autopal Industries Ltd.
  • Revocation effective from October 16, 2025 (Thursday)
  • Decision based on NCLT-approved resolution plan dated September 23, 2024
  • Original suspension was imposed on March 28, 2016 (Notice No. 20160328-15)
  • Security will trade through Special Pre-open Session (SPOS) for IPOs & Relisted scrips
  • Trading members should refer to BSE notice 20120216-29 for SPOS guidelines

Regulatory Changes

The revocation follows the completion of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code. The NCLT order dated September 23, 2024, approved the resolution plan, enabling the company to resume trading on the exchange. This marks the conclusion of a suspension period that began in March 2016.

Compliance Requirements

  • Trading Members: Must familiarize themselves with Special Pre-open Session (SPOS) procedures as outlined in BSE notice 20120216-29
  • Market Participants: Required to take note of the revocation and adjusted trading arrangements
  • Companies: The relisted company must comply with standard listing requirements going forward
  • Clarifications: Contact BSE at 022-2272 8083 for any queries

Important Dates

  • Original Suspension Date: March 28, 2016
  • NCLT Resolution Plan Approval: September 23, 2024
  • Circular Issue Date: October 14, 2025
  • Trading Revocation Effective Date: October 16, 2025 (Thursday)

Impact Assessment

Market Impact: The revocation enables shareholders of RNIT AI Solutions Ltd. to trade their securities after approximately 9 years of suspension. This provides liquidity and price discovery for existing shareholders who have been unable to exit their positions.

Operational Impact: Trading members must prepare for the relisting by understanding SPOS procedures. The special pre-open session mechanism ensures orderly price discovery and prevents excessive volatility on the first day of resumed trading.

Company Impact: The company gains access to capital markets again, enabling future fundraising possibilities and improved corporate governance visibility. The approved resolution plan suggests financial restructuring has been completed, allowing the company to operate as RNIT AI Solutions Ltd. with a clean slate post-insolvency resolution.

Impact Justification

Revocation of suspension allows trading to resume for a previously suspended security. Medium impact as it affects specific company shareholders and enables market access through SPOS mechanism.