RITES Limited , a leading transport infrastructure consultancy and engineering company, has announced significant changes in its senior management structure, effective August 1, 2025. The company has appointed a new Regional Head for its Eastern Regional Project Office (ERPO) in Kolkata, marking a transition in its leadership team.

Key Management Changes

• Retirement: Shri Rajiv Kumar Sinha, who served as General Manager (GM) Civil and Regional Head of ERPO, Kolkata, has retired from the company effective July 31, 2025.
• New Appointment: Shri Alok Bansal, GM (Civil), has been designated as the new Regional Head-ERPO, Kolkata, taking over the role from August 1, 2025.

About Shri Alok Bansal

Shri Alok Bansal brings a wealth of experience to his new role:

• Over 22 years of multidisciplinary professional experience
• Holds a postgraduate degree in Civil Engineering from the prestigious Indian Institute of Science, Bangalore
• Joined RITES Limited on December 31, 2024
• Previously worked as Senior Deputy General Manager (DGM) at Bharat Heavy Electricals Limited (BHEL)

Implications for RITES Limited

This management change comes as part of RITES Limited's ongoing efforts to strengthen its leadership team. The appointment of Shri Alok Bansal as the Regional Head of ERPO, Kolkata, is expected to bring fresh perspectives and extensive industry experience to the company's operations in the eastern region.

The company has officially notified the National Stock Exchange of India Limited and BSE Limited about these changes in compliance with regulatory requirements. RITES Limited continues to focus on enhancing its capabilities in transport infrastructure consultancy and engineering services.

As RITES Limited navigates through these leadership transitions, stakeholders will be keen to observe how these changes might influence the company's strategic direction and operational efficiency in the coming months.

RITES Ltd , a premier transport infrastructure consultancy, has made significant strides in expanding its operational scope and reported positive financial results for the fourth quarter.

Strategic Partnership with NABCONS

RITES Ltd has signed a memorandum of understanding (MoU) with NABARD Consultancy Services Pvt. Ltd. (NABCONS), the consultancy arm of the National Bank for Agriculture and Rural Development (NABARD). This strategic partnership aims to jointly develop infrastructure and rural development projects both in India and internationally.

The collaboration leverages RITES' expertise in transport infrastructure with NABCONS' capabilities in agriculture and rural development. The partnership will focus on several key sectors, including:

• Rural infrastructure
• Agri-logistics
• Climate-resilient development
• Smart cities
• Green and sustainable mobility
• Digital public infrastructure
• Multimodal transport solutions
• Water and irrigation
• Third-party inspection
• AI/IT-enabled infrastructure services

Additionally, the partnership seeks to explore international opportunities through projects funded by multilateral development banks and other agencies.

Q4 Financial Performance

In its fourth quarter results, RITES Ltd demonstrated resilience and growth:

Despite a slight decline in revenue, RITES managed to improve its profitability and operational efficiency. The company's board has declared a final dividend of ₹2.65 per share, rewarding its shareholders.

Market Response

Following the announcement of the partnership and financial results, RITES shares closed at ₹260.40, marking a 0.91% decrease in value.

The strategic partnership with NABCONS and the positive financial results underscore RITES' commitment to diversifying its service offerings and maintaining financial stability. As the company continues to expand its footprint in infrastructure and rural development projects, it is well-positioned to contribute to India's growth story and explore opportunities in international markets.