President of India holds 72.20% stake in Rites Ltd as on 31 Mar 2026

0 min read Updated on 12 Jun 2026, 05:21 AM

Reviewed by

Shriram SScanX News Team

AI Summary

The President of India holds 72.20% of the paid-up share capital in Rites Limited through the Ministry of Railways as on 31 March 2026. This stake comprises 34,70,09,546 equity shares of ₹10 each. No encumbrance or pledge was created on these shares during the financial year ended 31 March 2026.

*this image is generated using AI for illustrative purposes only.

The President of India, through the Ministry of Railways, holds a 72.20% stake in Rites Ltd as on 31 March 2026. This disclosure was made to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shareholding translates to 34,70,09,546 equity shares of ₹10 each. The filing confirms that no encumbrance or pledge was created on these shares, directly or indirectly, during the financial year ended 31 March 2026.

Shareholding Details

The following table outlines the shareholding structure disclosed by the Ministry of Railways:

Shareholder	Shareholding Percentage	Number of Equity Shares	Face Value
President of India	72.20%	34,70,09,546	₹10

Regulatory Compliance

The disclosure was submitted to the Listing Department of the National Stock Exchange of India Limited and the Corporate Relationship Department of BSE Limited. A copy of the filing was also marked to the Audit Committee through the Company Secretary of Rites Ltd.

Historical Stock Returns for RITES

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.54%	+6.39%	+2.95%	-4.19%	-24.07%	+61.24%

Does the government plan to maintain this majority stake or consider divestment to unlock value?

How will this strong government backing influence Rites Ltd's ability to secure large-scale international infrastructure projects?

Could the high promoter holding limit liquidity and trading volume for retail investors?

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RITES appoints Shri Atul Singh as Government Nominee Director

1 min read Updated on 06 Jun 2026, 04:21 PM

Reviewed by

Jubin VScanX News Team

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RITES Limited has appointed Shri Atul Singh as a part-time Government Nominee Director on its Board, effective May 29, 2026. The appointment was approved by the Board on June 05, 2026. Shri Atul Singh is a 1991 batch IRSME officer with over 30 years of experience. The company confirmed he is not debarred from holding the office of director.

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RITES Limited has appointed Shri Atul Singh as a part-time Government Nominee Director on its Board, effective May 29, 2026. The appointment was approved by the Board on June 05, 2026, and is valid until he holds the post of Principal Executive Director (Production Units/ Workshops & Innovation), Railway Board, or until further orders, whichever is earlier.

Shri Atul Singh is a 1991 batch officer of the Indian Railways Service of Mechanical Engineers (IRSME) and holds a Bachelor's degree in Mechanical Engineering. He brings over 30 years of experience working with the Indian Railways, including a central deputation in the Ministry of Commerce from 2012 to 2017.

The company confirmed that Shri Atul Singh is not debarred from holding the office of director by virtue of any SEBI order or any other such authority. This disclosure was made in compliance with BSE Circular no. LIST/COMP/14/2018-19 and NSE Circular no. NSE/CML/2018/02, both dated June 20, 2018.

Shri Atul Singh is not related to any other director of the company. The updated list of Directors of RITES Limited as on June 05, 2026, includes his name alongside other key board members.

Board of Directors as on June 05, 2026

S. No.	Name	Designation
1	Shri Rahul Mithal	Chairman & Managing Director
2	Dr. Deepak Tripathi	Director (Technical)
3	Shri Krishna Gopal Agarwal	Director (Finance)
4	Shri Prem Singh Meena	Director (Projects)
5	Shri Jayant Kumar	Government Nominee Director
6	Shri Rajbir Sharma	Independent Director
7	Shri Dineshananda Goswami	Independent Director
8	Shri Atul Singh	Government Nominee Director