RNIT AI Share Price Up 2% After Company Signs Andhra Pradesh Higher Education Contract

Mumbai, March 16: RNIT AI Solutions Limited announced the execution of a Service Level Agreement with the Commissionerate of Higher Education, Government of Andhra Pradesh for deployment of an AI-based facial recognition attendance management system across higher education institutions in the state.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 through an exchange filing dated March 16, 2026.

According to the filing, the agreement covers the design, development, integration, deployment and maintenance of an AI-powered mobile-driven facial recognition attendance management system. The solution will support digital attendance authentication across institutions functioning under the administrative control of the Commissionerate of Higher Education in Andhra Pradesh.

The project scope includes government colleges, aided and private degree colleges, engineering colleges, B.Ed, B.P.Ed., law, pharmacy and polytechnic institutions.

As per the regulatory disclosure, the deployment is expected to cover approximately 3,900 institutions and about 1.3 million users including students and staff.

RNIT AI Solutions Share Price Movement

RNIT AI Solutions shares traded higher following the announcement of the government engagement.

According to exchange data, the RNIT AI Solutions share price was at ₹50.89, up 2.05%, as of 11:15 IST on March 16, 2026. The stock opened at ₹50.00 and moved within a session range of ₹49.01 to ₹51.50 so far during the trading day.

The company’s market capitalisation stood at approximately ₹396.59 crore. The movement came after the disclosure regarding the agreement with the Andhra Pradesh Higher Education Department.

Agreement Structure And Implementation Model

The company said the project will be executed under a Software-as-a-Service model with transaction-based pricing.

Under the arrangement, the financial consideration will depend on the number of attendance authentication transactions processed through the AI-based facial recognition attendance platform.

RNIT will provide implementation, integration with departmental systems, deployment, user training, technical support and application maintenance throughout the contract period.

The agreement has been executed for a period of two years from the date of signing, according to the exchange filing.

Company Background

RNIT AI Solutions Limited operates in artificial intelligence driven digital identification and automation platforms.

The company focuses on AI-based facial recognition and digital attendance management systems used in institutional and administrative environments.

Its technology stack is designed for authentication, identity management and data driven monitoring systems used by educational institutions and government departments.

Conclusion

The agreement marks the deployment of RNIT’s AI-driven attendance management technology within the higher education ecosystem administered by the Government of Andhra Pradesh.

According to the regulatory filing, the engagement falls within the ordinary course of the company’s business operations and reflects the application of its facial recognition identification systems at scale across the state’s institutional network.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/321d2571-9009-4c74-906b-af5a80749dd0.pdf
• https://www.bseindia.com/stock-share-price/rnit-ai-solutions-ltd/rnitai/517286/