RITES Limited has announced that its Board of Directors will convene on February 4, 2026, to review the company's third quarter financial performance and consider dividend distribution for shareholders.

Board Meeting Agenda

The meeting, scheduled for Wednesday, February 4, 2026, will address two primary matters as outlined in the company's regulatory filing dated January 22, 2026.

Regulatory Compliance and Trading Window

In adherence to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 29 read with Regulation 33, the company has issued this intimation to both NSE and BSE.

The company has implemented trading restrictions as per insider trading regulations:

• Trading Window Closure: Effective from January 1, 2026
• Applicable To: All Designated Persons and their immediate relatives
• Duration: Until 48 hours after the board meeting concludes
• Regulatory Basis: SEBI (Prohibition of Insider Trading) Regulations, 2015

Corporate Communication Details

The official communication was signed by Ashok Mishra, Company Secretary & Compliance Officer (Membership No.: F6411), and digitally authenticated on January 22, 2026, at 15:29:08 +05'30'.

Key Timeline

The meeting represents a significant corporate event as the company prepares to disclose its third quarter performance for the financial year 2025-26 and potentially reward shareholders through interim dividend distribution.

RITES Limited shares will be in focus following the company's announcement of securing a major international order worth USD 3.60 million from Zimbabwe-based Berhard Development Corporation (Private) Limited for locomotive supply services. The infrastructure, consultancy, and engineering firm announced this significant contract award through a regulatory filing under SEBI's Regulation 30 requirements.

Order Details and Specifications

The contract involves the supply of In-Service Cape Gauge Diesel Electric Locomotives to the Zimbabwean entity. The order specifications and key parameters are outlined below:

Contract Terms and Regulatory Compliance

The order represents a significant international engagement for RITES, focusing on specialized locomotive supply services. The 3-month execution timeline indicates an efficient delivery schedule for the Cape Gauge Diesel Electric Locomotives, which are specifically designed for cape gauge railway systems commonly used in southern African railway networks.

RITES has confirmed full compliance with regulatory requirements in this transaction. The company has disclosed that this order does not constitute a related party transaction and maintains arm's length dealing principles. Additionally, the company has clarified that no promoter, promoter group, or group companies have any interest in Berhard Development Corporation, ensuring transparent business practices.

Share Price Performance Analysis

The stock performance shows mixed trends across different timeframes. The latest market data reveals the following performance metrics:

Despite the broader weakness over longer periods, the past month has seen a marginal gain, hinting at some short-term stability. The shares closed 3.00% lower at ₹237.40 on the BSE.

Strategic Partnership with Botswana Government

In a separate development this month, RITES signed a memorandum of understanding with the government of Botswana to collaborate on the development and modernisation of the country's railway and transport infrastructure. The MoU was signed in Gurugram with Botswana represented by its Ministry of Transport and Infrastructure.

The partnership aims to accelerate the growth of Botswana's transport sector by leveraging advanced technologies, best practices, and capacity-building initiatives. Under the agreement, Botswana will draw on RITES' technical expertise for comprehensive railway modernisation including workshop upgrades.

Market Outlook and Strategic Significance

The USD 3.60 million contract reinforces RITES' capabilities in international locomotive supply and strengthens its presence in African markets. The order demonstrates the company's technical expertise in providing specialized railway equipment suited to specific gauge requirements. The successful award of this international contract, combined with the strategic MoU with Botswana, reflects RITES' competitive positioning in the global railway equipment supply sector and its expanding footprint in African infrastructure development.