RITES Limited has announced securing a major maintenance contract from Research Designs and Standards Organisation (RDSO), Lucknow, marking another significant milestone in the company's railway infrastructure portfolio. The contract, valued at ₹105.69 crore excluding GST, involves comprehensive maintenance services for critical railway testing infrastructure over a five-year period.

Contract Details and Scope

The awarded contract encompasses comprehensive maintenance of the dedicated test track between Gudha and Thathana Mithri stations of Jodhpur division of North Western Railway (NWR). This specialized infrastructure plays a crucial role in railway testing and validation activities conducted by RDSO.

Contract Specifications

The maintenance contract covers the dedicated test track infrastructure, which serves as a critical facility for RDSO's research and testing operations. The 60-month execution period provides RITES with a stable, long-term revenue stream while ensuring continuous maintenance of this specialized railway infrastructure.

Key aspects of the contract include:

• Comprehensive maintenance services for dedicated test track
• Coverage of track infrastructure between two strategic stations
• Long-term engagement spanning five years
• Domestic contract with government entity

Regulatory Compliance and Transaction Nature

RITES has disclosed this contract award in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction represents a government-to-government company engagement, with RDSO being the awarding authority and RITES being the executing government company.

Strategic Significance

This contract award reinforces RITES' expertise in specialized railway infrastructure maintenance and its continued partnership with key railway organizations. The comprehensive nature of the maintenance contract demonstrates the company's technical capabilities in managing critical railway testing infrastructure, which is essential for the development and validation of railway technologies and systems.

RITES Limited has announced changes in its key managerial personnel, with the resignation of its Company Secretary and Compliance Officer and the appointment of an interim replacement, both effective March 19, 2026.

Leadership Transition Details

Ashok Mishra has resigned from his position as Company Secretary and Compliance Officer of the company. He submitted his resignation through email dated February 26, 2026, and the resignation was accepted by the competent authority on March 19, 2026. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this change as required under Regulation 30 of the SEBI Listing Regulations.

New Appointment

The Board of Directors, in their meeting held on March 19, 2026, approved the appointment of Nikhil Agarwal as Company Secretary and Compliance Officer. Agarwal will serve in this capacity until the appointment of a regular incumbent to the position.

Professional Background

Agarwal brings significant experience to the role, having previously served as Company Secretary and Compliance Officer of RITES from September 12, 2023, to February 28, 2024, until a regular incumbent was appointed. He holds multiple professional qualifications including associate memberships of The Institute of Company Secretaries of India, The Institute of Chartered Accountants of India, and The Institute of Cost Accountants of India.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The intimation was signed by Krishna Gopal Agarwal, Director (Finance), and includes all necessary documentation as per SEBI circular requirements.

This leadership transition ensures continuity in the company's secretarial and compliance functions while the organization searches for a permanent replacement for the position.