RITES Limited , a prominent player in the Indian infrastructure sector, has announced a significant change in its board composition. The company has appointed Shri Jayant Kumar as a part-time Government Nominee Director, effective October 17, 2025. This appointment, approved by the President of India through the Ministry of Railways, marks an important development in the company's governance structure.

Key Details of the Appointment

Professional Background

Shri Jayant Kumar brings a wealth of experience to his new role at RITES Limited. His professional profile includes:

• Over 25 years of experience with Indian Railways and the Government of India
• Bachelor's degree in Mechanical Engineering
• Member of the Indian Railways Service of Mechanical Engineers (IRSME), 1994 batch

Appointment Process and Compliance

The appointment of Shri Jayant Kumar aligns with regulatory requirements:

• Approved by the President of India via Ministry of Railways letter no. 2022/PL/57/10
• Complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
• Confirmed not debarred from holding directorship by SEBI or any other authority

RITES Limited has stated that it is taking necessary actions to complete the statutory requirements for this appointment.

Impact on Board Dynamics

This appointment introduces a direct link between RITES Limited and the Railway Board, potentially strengthening the company's alignment with government initiatives in the infrastructure sector. Shri Jayant Kumar's extensive experience in the Indian Railways is expected to bring valuable insights to RITES Limited's board discussions and decision-making processes.

The company has confirmed that Shri Jayant Kumar is not related to any other directors on the board, ensuring independence in his role as a Government Nominee Director.

As RITES Limited continues to play a crucial role in India's infrastructure development, this strategic appointment may enhance its ability to navigate the complex landscape of government projects and policies in the railway and transportation sectors.

RITES Limited , a leading transport infrastructure consultancy and engineering company, has announced a significant contract win from Damodar Valley Corporation (DVC). The company has secured an Annual Maintenance Contract (AMC) and Operations & Maintenance (O&M) order valued at Rs. 36.22 crore for the Mejia Thermal Power Station.

Contract Details

The contract, as disclosed by RITES to the stock exchanges, encompasses the following key aspects:

Significance of the Order

This contract win underscores RITES' expertise in providing comprehensive maintenance and operational services for critical infrastructure in the power sector. The Mejia Thermal Power Station, operated by Damodar Valley Corporation, is an important power generation facility, and this contract ensures the efficient functioning of its railway sidings and associated systems.

Company Statement

In its filing to the stock exchanges, RITES stated that the contract is not a related party transaction, and none of its promoter or promoter group companies have any interest in Damodar Valley Corporation.

About RITES Limited

RITES Limited is a Miniratna (Category – I) Schedule 'A' Public Sector Enterprise under the Ministry of Railways, Government of India. The company is a leading player in transport consultancy and engineering sector in India, providing a comprehensive array of services under a single roof and believes in transfer of technology to client organizations.

This contract win reinforces RITES' position in the infrastructure services sector and demonstrates its continued ability to secure significant projects from major public sector enterprises.