RITES Limited , a leading transport infrastructure consultancy and engineering firm, held its 51st Annual General Meeting (AGM) on September 23, 2025, through video conferencing. The company's shareholders approved all resolutions, including a final dividend of ₹2.65 per share for the financial year 2024-25.

Dividend Payout

The total dividend for FY2024-25 amounts to ₹7.55 per share, comprising:

• Final dividend: ₹2.65
• Three interim dividends: ₹4.90 (total)

This represents a significant dividend payout ratio of 95.40%, with the total dividend amounting to ₹363.00 crore.

Financial Performance

RITES reported the following consolidated financial results for FY2025:

Business Segment Performance

The company's revenue breakdown by business segment:

Management's Perspective

Rahul Mithal, Chairman & Managing Director of RITES Ltd., addressed the shareholders, stating:

"FY2025 was not just a year of challenges—it was the year we reset, rebuilt, and reaffirmed our place in a rapidly evolving infrastructure world. Our journey ahead is about more than providing solutions—it's about asking the questions that lead to lasting impact."

Corporate Governance

The AGM also saw the appointment of four new Independent Directors:

• Shri Likha Togu
• Shri Rajbir Sharma
• Dr. Dineshananda Goswami
• Smt. Purnima Kerketta

Additionally, the shareholders approved:

• Alteration of the company's Articles of Association
• Appointment of M/s Agarwal S & Associates as the Secretarial Auditor

Looking Ahead

Despite the challenges faced in FY2025, RITES Limited remains committed to shaping infrastructure and making a lasting impact. The company's strong dividend payout and strategic appointments indicate its focus on shareholder value and corporate governance as it navigates the evolving infrastructure landscape.

RITES Limited , a prominent player in the infrastructure consultancy and engineering sector, has announced a significant business development. The company has secured a rate contract from NTPC Limited, India's largest power generation company, for hiring diesel locomotives on a lease basis for NTPC power plants across the country.

Contract Details

The rate contract, which has an indicative value of Rs 78.65 crores (excluding GST), is set to be valid for a two-year period from September 20, 2025, to September 19, 2027. This domestic contract does not involve any related party transactions, highlighting its arms-length nature.

Scope and Implementation

Under this rate contract, NTPC stations will have the flexibility to place separate purchase orders specifying their exact requirements, completion periods, and amounts for actual execution. The actual order values will depend on the specific needs of various NTPC stations, allowing for a tailored approach to each power plant's locomotive requirements.

Strategic Implications

This contract represents a significant opportunity for RITES to strengthen its position in the railway leasing sector while supporting NTPC's operations across India. By providing diesel locomotives on a lease basis, RITES will play a crucial role in enhancing the efficiency and logistics of NTPC's power plants.

Disclosure and Transparency

In compliance with regulatory requirements, RITES has promptly disclosed this information to the stock exchanges. The company's commitment to transparency is evident in its timely communication to shareholders and the market at large.

Upcoming Investor Meet

In related news, RITES has also announced its participation in the Arihant Capital's Bharat Connect Conference scheduled for September 23, 2025. This virtual investor meet, to be held from 3:00 PM to 4:00 PM, will provide an opportunity for the company to engage with investors and discuss publicly available information.

This rate contract with NTPC and the upcoming investor meet underscore RITES' active engagement in both business development and stakeholder communication, reflecting positively on the company's growth trajectory and market positioning.