RITES Signs Official MoU With Botswana Government For Railway Modernisation

RITES Limited has officially signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana on December 19, 2025, to collaborate on the development and modernisation of transport infrastructure in Botswana. The agreement was signed with Botswana's Ministry of Transport and Infrastructure, marking a significant milestone in RITES' international expansion efforts.

MoU Signing Ceremony

The MoU exchange ceremony was attended by key officials from both sides, including Minister of Transport and Infrastructure, Botswana, Mr. Noah Salakae, and H.E. Bharath Kumar Kuthati, High Commissioner of India to Botswana. This formal agreement establishes the framework for comprehensive collaboration between RITES and the Botswana government.

Scope of Collaboration

Under the MoU, Botswana will leverage RITES Limited's extensive technical expertise across multiple areas:

Service Area:	Details
Rolling Stock:	Supply, commissioning, repair, operation and maintenance
Infrastructure:	Railways, highways, bridges, airports, and buildings
Modernisation:	Workshop upgrades and railway systems enhancement
Technology:	Integrated train operations and passenger management systems
Training:	Capacity-building and technical training programmes
Quality Assurance:	Third-party inspections and pre-shipment testing

Strategic Objectives

The partnership aims to accelerate the growth of Botswana's railway and transport infrastructure by deploying advanced technologies, global best practices, and capacity-building initiatives. The collaboration focuses on strengthening local capabilities and enhancing efficiency, safety, and reliability across the transport sector.

RITES' Global Presence

RITES Limited is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India. With an experience spanning 50 years, the company has undertaken projects in over 55 countries across Asia, Africa, Latin America, South America, and Middle East regions. This partnership with Botswana further strengthens RITES' position in the African market and demonstrates its capability to deliver complex international infrastructure projects.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	+8.69%	-1.11%	-12.07%	-13.40%	+82.27%

RITES Limited has announced a senior management change with the cessation of Shri Shiv Ratan from his position as Chief Vigilance Officer. The change reflects the completion of his scheduled deputation tenure at the government enterprise.

Management Transition Details

The company informed stock exchanges that Shri Shiv Ratan (ITS-1996) ceased to be among the senior management personnel upon completion of his deputation tenure as Chief Vigilance Officer. The transition was part of the scheduled completion of his assignment at RITES Limited.

Parameter:	Details
Officer Name:	Shri Shiv Ratan (ITS-1996)
Position:	Chief Vigilance Officer
Cessation Date:	December 5, 2025
Reason:	Completion of deputation tenure

Regulatory Compliance and Reporting

RITES Limited filed the necessary intimation with the National Stock Exchange and BSE Limited on December 9, 2025, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company acknowledged that while the cessation was effective from December 5, 2025, the necessary intimation to exchanges could not be made within the stipulated time inadvertently.

Process Improvements

In response to the delayed reporting, RITES Limited has confirmed strengthening necessary systems to prevent recurrence of such delays in future compliance reporting. The company emphasized its commitment to timely regulatory disclosures and maintaining transparency with stakeholders.

The announcement was signed by Krishna Gopal Agarwal, Director (Finance) with DIN: 10239667, representing the company's commitment to proper governance and regulatory compliance in senior management transitions.