RITES Limited has announced key changes in its senior management structure, with new leadership appointments taking effect from May 1, 2026. The company disclosed these changes under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Transition Details

The leadership transition involves two key personnel changes at the East Coast Region Project Office (ECRPO) in Bhubaneswar:

Shri Subhra Jyoti Mandal is currently serving as Additional Regional Head, ECRPO, Bhubaneswar until April 30, 2026, before assuming full charge as Regional Head following Shri Anil Prakash's repatriation.

Professional Background of New Appointee

Shri Subhra Jyoti Mandal brings substantial expertise to his new role with over 25 years of extensive experience in railway infrastructure development. His professional background encompasses:

• Leadership Positions: ADRM (Infra), Dy. Chief Engineer (Construction/Track/Design), and Senior Divisional Engineering roles across Indian Railways
• Project Expertise: Execution of new line projects, structural design approvals, track maintenance, and tendering processes
• Asset Management: Strong focus on safety, quality, and timely delivery of infrastructure projects
• Strategic Management: Successfully managed multidisciplinary teams and complex infrastructure works

Notable Project Involvement

Shri Mandal has been actively involved in several prestigious railway infrastructure projects that demonstrate his capability in handling complex engineering challenges:

• Dimapur–Kohima new line project
• Jiribam–Imphal railway line development
• Sevok–Rangpo new line construction

These projects represent significant contributions to India's railway network expansion and showcase his experience in managing large-scale infrastructure development initiatives.

Regulatory Compliance

The company has fulfilled all disclosure requirements pursuant to SEBI regulations, with Company Secretary & Compliance Officer Nikhil Agarwal (Membership No.: A42626) formally communicating these changes to both NSE and BSE on April 10, 2026.

This management transition reflects RITES Limited's commitment to maintaining strong leadership in its regional operations while ensuring continuity in project execution and strategic initiatives across its railway infrastructure portfolio.

RITES Limited has announced a significant enhancement in its contract value with National Aluminium Company Limited (NALCO) for a railway siding construction project. The company received an amendment to the Letter of Award (LOA) dated March 31, 2021, which has resulted in a substantial increase in the project's financial scope from ₹79.73 crore to ₹118.89 crore.

Contract Enhancement Details

The railway infrastructure consultancy firm disclosed that the contract value has been enhanced significantly, reflecting the expanded scope of the project. The enhancement represents an increase of ₹39.16 crore over the original contract value.

Project Specifications

The contract involves comprehensive engineering and project management services for NALCO's coal mining operations. The project encompasses detailed engineering and project management consultancy (PMC) for construction of railway siding at Sankerjang in Phase-I for Utkal-D Coal Mines in Odisha.

Regulatory Compliance

RITES Limited made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this is not a related party transaction and that no promoter or group companies have any interest in the awarding entity.

The project execution is currently ongoing, with RITES providing comprehensive consultancy services for the railway infrastructure development. This contract enhancement demonstrates the company's continued engagement in significant railway infrastructure projects across India's industrial sector.

The disclosure was signed by Nikhil Agarwal, Company Secretary & Compliance Officer, ensuring transparency and regulatory compliance for all stakeholders.