RITES has appointed Shri Vinod Kumar Paswan as Group General Manager (Civil) and Regional Head for the Eastern Region Project Office in Kolkata, effective July 17, 2026. Paswan joins the organization on a deputation basis, bringing over 25 years of experience in railway infrastructure development and project management to the senior management team. This leadership change follows the transfer of Shri Alok Bansal, who has ceased to be part of the senior management effective the same date.

The appointment was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Vinod Kumar Paswan is an Indian Railway Service of Engineers (IRSE) officer of the 1998 batch. Prior to joining Rites Ltd , he served as Chief Engineer, Road Safety Works, Eastern Railway.

Profile of New Appointment

Paswan holds degrees from BIT Sindri, IIT Delhi, and NMIMS Mumbai. His career includes leading major railway projects such as track doubling, station redevelopment, bridge construction, and PM Gati Shakti initiatives. He has received the General Manager's Award and the GM Star Performer Award for his contributions to Indian Railways.

Management Changes

The transition involves the cessation of Shri Alok Bansal from the senior management roster due to a transfer to PU Lucknow. The table below summarizes the key details of the management changes effective July 17, 2026.

RITES has secured an order worth Rs 79.22 crore from Patna Metro Rail Corporation Limited for consultancy services related to the implementation of the Patna Metro Rail Construction Project. The order was received by RITES in a consortium and is classified as a domestic order. The stated value represents RITES' share of the project, excluding GST. The disclosure was made to the exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The consultancy services contract encompasses the full implementation of the Patna Metro Rail Construction Project, with an execution period of 68 months. The key contractual particulars of the order are outlined below:

Disclosures

The filing confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the order. Furthermore, the order does not fall within related party transactions. The intimation was signed by Nikhil Agarwal, Company Secretary & Compliance Officer of RITES Limited.