RITES Limited has announced a key leadership appointment with the designation of Shri Prem Singh Meena as Director (Projects), effective March 19, 2026. The appointment follows approval from the Ministry of Railways and ratification by the company's Board of Directors.

Ministry Approval and Board Resolution

The Ministry of Railways approved Meena's appointment through order No. 2025/E(O)II/40/6 dated March 19, 2026. The RITES Limited Board of Directors subsequently passed a resolution during their meeting held on March 19, 2026, appointing Meena as an Additional Director designated as Director (Projects).

Leadership Transition

As part of this transition, Dr. Deepak Tripathi, who currently serves as Director (Technical), has relinquished the additional charge of Director (Projects) that he was holding. Meena assumed charge of the Director (Projects) position with effect from March 19, 2026.

Professional Background

Shri Prem Singh Meena brings extensive experience to his new role as an IRSEE (Indian Railway Service of Electrical Engineers) officer of the 1990 batch. He possesses over 34 years of experience across various domains including:

• Traction Distribution and Rolling Stocks
• General Electrical Services under Ministry of Railways
• Rail Infrastructure and Metro works under RITES
• Railway Electrification projects and signalling works
• Project Management Consultancy for Metro Rail projects

Meena holds a graduation degree in Electrical Engineering from MNIT, Jaipur, and has enhanced his expertise through advanced management programs at INSEAD Singapore and ICLIF Malaysia. He also completed Heavy Haul training at Southwest Jiaotong University, Beijing.

Current Board Composition

Following Meena's appointment, the RITES Limited Board of Directors comprises nine members, including the Chairman & Managing Director, functional directors, government nominee directors, and independent directors. The company has confirmed that Meena is not related to any other director and is not debarred from holding directorial positions by any regulatory authority.

Regulatory Compliance

The appointment disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with applicable BSE and NSE circulars. Meena also serves as a Nominee Director on the Board of REMC Limited, a subsidiary of RITES Limited.

RITES has received revised estimates for the Railway Electrification work of Mysuru-Hassan-Mangaluru including Hassan-Arsikere from South Western Railway on a Cost Plus turnkey basis. The updated project cost stands at ₹729.28 crore excluding GST, including RITES fees, marking a significant revision from the previously announced estimate.

Project Details and Scope

The railway electrification project encompasses the strategic Mysuru-Hassan-Mangaluru corridor including Hassan-Arsikere, representing a crucial infrastructure development for Karnataka's railway network. South Western Railway has awarded this project to RITES under a Cost Plus turnkey arrangement, ensuring comprehensive project execution.

Regulatory Compliance and Background

The company has informed stock exchanges about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update continues from the original order secured in June 2021, when RITES was initially awarded the project with an estimated cost of ₹461.23 crore including fees.

Strategic Significance

The electrification project represents a key infrastructure initiative that will enhance railway connectivity and operational efficiency along this important regional corridor. As an ongoing project between government entities, this development underscores RITES' continued role in India's railway modernization efforts and infrastructure development programs.