RITES Limited has intimated the stock exchanges of a change in its Board of Directors, with Shri Vinod Kumar (DIN: 03278897) ceasing to serve as Government Nominee Director of the company with effect from May 04, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Nikhil Agarwal, Company Secretary & Compliance Officer (Membership No.: A42626).

Reason for Cessation

The cessation of Shri Vinod Kumar as Government Nominee Director is attributed to his relinquishment from the post of EDME (PU&W), Railway Board, following his appointment to the post of Joint Secretary, Department of Defence. The change is classified as "otherwise" under the applicable regulatory disclosure framework, as it arose from a government-level reassignment rather than resignation or removal.

The following table summarises the key regulatory disclosure details as required under Regulation 30 of the SEBI Listing Regulations:

Updated Board of Directors

Following the cessation of Shri Vinod Kumar, RITES Limited has disclosed the updated composition of its Board of Directors. The board continues to include functional directors, a Government Nominee Director, and Independent Directors, as detailed below:

Regulatory Compliance

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited in accordance with applicable SEBI regulations. The company's registered office is located at SCOPE Minar, Laxmi Nagar, Delhi-110 092, and its corporate office is at Shikhar, Plot No. 1, Sector-29, Gurugram-122 001.

RITES Limited has announced the cessation of Independent Director Shri Likha Togu upon completion of his tenure, as communicated to stock exchanges on April 13, 2026. The announcement comes in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Tenure Details

Shri Likha Togu (DIN: 09470640) was appointed as an Additional Director (Independent Director) following Ministry of Railways, Government of India order no. 2024/PL/57/38 dated April 15, 2025. The Board of Directors approved his appointment in their meeting held on April 17, 2025, for a period of one year effective from April 15, 2025, or until further orders, whichever is earlier.

Shareholder Approval and Cessation

The appointment was subsequently ratified by shareholders at the company's 51st Annual General Meeting held on September 23, 2025. With his tenure completing on April 14, 2026, Shri Likha Togu will cease to be an Independent Director of the company effective from April 15, 2026.

The cessation is attributed to the natural completion of his tenure rather than resignation, removal, or other circumstances. This transition follows the standard governance practices for independent directors in public sector enterprises.

Updated Board Composition

Following Shri Likha Togu's departure, RITES Limited's Board will comprise eight directors across various categories:

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, providing comprehensive details about the cessation to both NSE and BSE. Company Secretary & Compliance Officer Nikhil Agarwal (Membership No.: A42626) signed the regulatory filing, ensuring complete transparency in the board transition process.

The updated board structure maintains the required balance of executive directors, government nominees, and independent directors, ensuring continued effective governance and oversight of the company's operations.