RITES Ltd

AGM Details

• 52nd AGM on Friday, 25 September 2026 at 11:00 A.M. IST, via VC/OAVM.
• Cut-off for AGM Notice and Annual Report: 21 August 2026.
• Remote e-voting window: Sept 22, 2026, 09:00 to Sept 24, 2026, 17:00 IST.
• Record date for final dividend, if approved: Sept 20, 2026.
• Final dividend for FY 2025-26 may be paid if approved.

KMP Change: CMD & CEO re-appointment

• Change type: Re-appointment of Rahul Mithal as CMD & CEO.
• Effective date: Oct 07, 2026; term until June 30, 2027 or earlier orders.
• Shareholder approval required at ensuing AGM.
• Profile: Rahul Mithal, CMD/CEO since 2021, Indian Railways veteran; MBA Finance; UK Chartered Engineer.
• Additional role: Chairman of REMC Ltd.
• Not debarred by SEBI or other authorities.
• MoR letter governs term (2026) per board approval.

CMD tenure extension

• MoR approved extension of Rahul Mithal's CMD tenure to June 30, 2027; formalities in progress.

Transaction details

• Sale of entire equity holding in Elicius Energy Private Limited approved by RITES Board on June 25, 2026.
• RITES currently holds 1,573 shares, 13% equity.
• Buyer is Dr. Raghunathan Rengasamy, promoter and director of Elicius Energy.
• Sale consideration ₹60,544.77, i.e., ₹38.49 per share.
• Completion/transfer by September 30, 2026; share transfer deed to be executed.
• Post-completion, Elicius Energy Private Limited will cease to be an associate of RITES.
• Transaction not a related party transaction.

Sale of stake in Elicius Energy

• Board approved sale/transfer of RITES's entire equity stake in Elicius Energy Private Limited.
• RITES holds 1,573 shares, representing 13% of Elicius Energy.
• Transfer to Dr. Raghunathan Rengasamy, promoter and director of Elicius Energy Private Limited.
• Fair value ₹38.49 per share; total consideration ₹60,544.77.
• Share Transfer Deed to be executed; completion expected before 30 September 2026.
• Post-completion, Elicius Energy ceases to be an associate of RITES.
• The transaction is not a related party transaction.
• Annexure-A notes Nil turnover from Elicius in the last financial year.
• Buyer Dr. Raghunathan Rengasamy is promoter/director of Elicius Energy.

Meeting Details

• Date and time: 05/08/2026, 11:00 Hrs.
• Type and mode: Group post-earnings conference call (virtual).
• Organizer/event: RITES Limited Q1 FY27 Post Earnings Conference Call.
• Recording: Conference is recorded.

Participants

• Key company participants: CMD; Director Technical; Director Finance & CFO; Director Projects.

Purpose

• Purpose: Discuss unaudited Q1 FY27 results for quarter ended June 30, 2026.

Availability

• Transcript: Transcript of the call circulated/enclosed.
• Materials: Presentation and press release uploaded on website and stock exchanges.

MoU details

• RITES signs MoU with HPCL for rail siding consultancy at HPCL facilities
• End-to-end services from concept to commissioning for railway siding projects
• Includes feasibility studies, DPRs, detailed engineering, PM, construction supervision, and IR coordination
• Aims to strengthen rail-based logistics for petroleum products with new sidings and upgrades
• Leverages RITES railway expertise and project management

Vinod Kumar Paswan – appointment

• Vinod Kumar Paswan appointed on deputation as Group General Manager (Civil), Regional Head/ERPO Kolkata; effective 17 July 2026.
• Profile: IRSE officer (1998 batch) with 25+ years in railway infrastructure and project management.

Alok Bansal – cessation

• Alok Bansal ceased to be Senior Management on transfer from ERPO to PU Lucknow; effective 17 July 2026.
• Reason: transfer to PU Lucknow.

Order details

• Awarding entity: Patna Metro Rail Corporation Limited, a domestic entity.
• Nature and scope: Consultancy services for implementation of the Patna Metro Rail Construction Project.
• RITES share: approx Rs 79.22 crore, excluding GST.
• Execution period: 68 months.
• Related party: No promoter group interest; not a related party transaction.