RITES Limited , a prominent player in the infrastructure consultancy and engineering sector, has announced a crucial board meeting scheduled for August 6, 2025. The meeting agenda includes reviewing the company's financial performance for the first quarter of the fiscal year 2025-26 and deliberating on a potential interim dividend.

Financial Results Review

The board of directors will convene to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. This review will provide stakeholders with insights into the company's performance during the initial months of the new fiscal year.

Interim Dividend Consideration

In addition to reviewing the quarterly results, the board will also deliberate on declaring the first interim dividend on equity shares for the Financial Year 2025-26. This consideration underscores RITES Limited's commitment to delivering value to its shareholders.

Trading Window Closure

In compliance with regulatory requirements and the company's internal "Code of Conduct" under SEBI (Prohibition of Insider Trading) Regulations, 2015, RITES Limited has implemented a trading window closure. This closure affects all designated persons and their immediate relatives, commencing from July 1, 2025, and extending until 48 hours after the conclusion of the board meeting.

Regulatory Compliance

The company has duly informed the National Stock Exchange of India Limited and BSE Limited about the scheduled board meeting, adhering to Regulation 29 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and market observers will be keenly watching for the outcomes of this board meeting, particularly the Q1 financial results and any decision regarding the interim dividend. The results of the meeting are expected to be disclosed shortly after its conclusion, providing a clearer picture of RITES Limited's financial health and shareholder returns for the early part of FY2025-26.

RITES Limited , a prominent Indian public sector enterprise, has announced a significant new contract win in Karnataka. The company has secured an order worth ₹46.82 crore for the construction and renovation of government first-grade colleges across various locations in the state.

Project Details

The contract, awarded by the Department of Collegiate and Technical Education (DCTE) in Bengaluru, falls under the PM USHA (Prime Minister's Urban Schools for Holistic Advancement) Scheme. Initially considered as a Project Management Consultancy (PMC) assignment, the project has been converted into a turnkey contract, encompassing both the cost of the project and RITES' fees.

Scope and Timeline

The scope of work includes:

• Construction of new facilities
• Renovation of existing structures at multiple government first-grade colleges
• Project execution on a turnkey basis

RITES is expected to complete the project within 36 months from the date of the agreement.

Financial Implications

The total project cost, including RITES' fees, is valued at ₹46.82 crore, excluding GST. This represents a substantial addition to RITES' order book and underscores the company's growing presence in the education infrastructure sector.

Strategic Significance

This contract win highlights RITES' diversification strategy and its ability to secure projects beyond its traditional stronghold in the transportation and infrastructure sectors. By venturing into educational infrastructure, RITES is positioning itself to capitalize on the government's focus on improving educational facilities across India.

Regulatory Compliance

In compliance with regulatory requirements, RITES has duly informed the National Stock Exchange of India Limited and BSE Limited about this material development. The company has confirmed that the contract does not fall under related party transactions and that no promoter or group companies have any interest in the awarding entity.

This new project aligns with RITES' commitment to contributing to India's infrastructure development while diversifying its project portfolio. As the company embarks on this significant undertaking, it reinforces its position as a key player in the nation's growth story, extending its expertise from transportation to educational infrastructure.