Rites Ltd Independent Director tenure ends July 07, 2026

Rites Ltd announced that Dr. Dineshananda Goswami will cease to be an Independent Director on the Board of the company effective July 07, 2026, following the completion of his tenure. The cessation is a consequence of the end of his term, which was approved by the Ministry of Railways, Government of India, and subsequently ratified by shareholders.

Dr. Goswami was initially appointed as an Additional Director (Independent Director) on July 07, 2025, for a period of one year or until further orders, whichever was earlier. This appointment was confirmed by the shareholders during the 51st Annual General Meeting held on September 23, 2025. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has provided the updated list of Directors following the cessation of Dr. Goswami. The Board now comprises seven members, including the Chairman & Managing Director and functional directors.

Updated Board Composition

S. No.	Name	Designation
1	Shri Rahul Mithal	Chairman & Managing Director
2	Dr. Deepak Tripathi	Director (Technical)
3	Shri Krishna Gopal Agarwal	Director (Finance)
4	Shri Prem Singh Meena	Director (Projects)
5	Shri Jayant Kumar	Government Nominee Director
6	Shri Atul Singh	Government Nominee Director
7	Shri Rajbir Sharma	Independent Director

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.17%	-4.48%	+9.38%	-5.86%	-20.60%	+54.21%

Rites Ltd has secured a work order worth ₹175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU) for Project Management Consultancy (PMC) services. The contract entails planning, design, and development of infrastructural facilities and other related works within the university campus on a Cost Plus PMC Fee basis. The total project cost excludes GST but includes RITES fees, and the work is to be executed over a period of 30 months or until the completion of the allotted work, whichever is later, from the date of signing the agreement.

Order Details

The order was awarded by a domestic entity, BBAU, and is not classified as a related party transaction. The company confirmed that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the contract. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Particulars

The key details of the contract are outlined below:

Particulars	Details
Name of Client:	Babasaheb Bhimrao Ambedkar University (BBAU)
Nature of Order:	Project Management Consultancy services for planning, design and development of infrastructural facilities and other related works on Cost Plus PMC Fee basis
Order Size:	₹175.41 Crore (excluding GST)
Execution Period:	30 months from the date of signing of agreement
Entity Type:	Domestic Entity