RITES has received revised estimates for the Railway Electrification work of Mysuru-Hassan-Mangaluru including Hassan-Arsikere from South Western Railway on a Cost Plus turnkey basis. The updated project cost stands at ₹729.28 crore excluding GST, including RITES fees, marking a significant revision from the previously announced estimate.

Project Details and Scope

The railway electrification project encompasses the strategic Mysuru-Hassan-Mangaluru corridor including Hassan-Arsikere, representing a crucial infrastructure development for Karnataka's railway network. South Western Railway has awarded this project to RITES under a Cost Plus turnkey arrangement, ensuring comprehensive project execution.

Regulatory Compliance and Background

The company has informed stock exchanges about this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update continues from the original order secured in June 2021, when RITES was initially awarded the project with an estimated cost of ₹461.23 crore including fees.

Strategic Significance

The electrification project represents a key infrastructure initiative that will enhance railway connectivity and operational efficiency along this important regional corridor. As an ongoing project between government entities, this development underscores RITES' continued role in India's railway modernization efforts and infrastructure development programs.

RITES Limited has announced a comprehensive schedule of investor meetings with major institutional investors and fund houses from March 6-23, 2026. The company has informed stock exchanges about these meetings in compliance with SEBI regulations, demonstrating its commitment to transparent investor relations.

Meeting Schedule and Participants

The company has organized meetings with five prominent investors over a span of 17 days. The schedule includes both in-person meetings and virtual conferences to accommodate different investor preferences and requirements.

Regulatory Compliance

The announcement was made on March 04, 2026, in accordance with Regulation 30, 46 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to disclose material events and information that could impact investor decisions.

Meeting Content and Scope

RITES Limited has clarified that discussions during these investor meetings will be limited to information that is already available in the public domain. This approach ensures compliance with fair disclosure norms and prevents any selective sharing of material non-public information.

Key Meeting Highlights

The investor engagement strategy includes:

• Diverse investor base: Meetings with both domestic and international fund houses
• Flexible meeting formats: Combination of in-person and virtual meetings
• Extended timeframe: Meetings spread across multiple weeks to ensure adequate interaction
• Structured approach: Each meeting allocated specific time slots for focused discussions

The announcement was signed by Krishna Gopal Agarwal, Director (Finance) with DIN: 10239667, emphasizing the senior management's direct involvement in investor relations activities.