RITES Share Price Today

Rites appoints Dr. Sandeepa Malhotra as independent director

Rites Limited appointed Dr. Sandeepa Malhotra as Non-Official Director. Appointment effective October 6, 2026, for a three-year term. Dr. Malhotra has 28 years of academic experience in Business Economics. Appointment approved by Hon'ble President of India via Ministry of Railways.

RITES secures ₹38.30 crore tax relief from Gujarat authority

RITES Limited received an order granting ₹38.30 crore relief for FY20. The Deputy Commissioner of State Tax (Appeal-1) allowed the company's appeal. Demand order regarding tax, interest, and penalty was partially set aside. Company had previously deposited ₹1.93 crore during the appeal process. No further tax or penalty liability remains for the specified period.

Rites Ltd 52nd AGM passes all 8 resolutions with clear majority

All 8 resolutions at Rites Limited's 52nd AGM held on September 25, 2026 were passed with requisite majority via e-voting. Rahul Mithal's reappointment as Chairman and Managing Director received 98.41% votes in favour. Dividend resolution confirming interim payouts and declaring final dividend for FY26 secured the highest approval at 99.91%. New board appointments include Prem Singh Meena as Whole Time Director (Director Projects) and Jayant Kumar and Atul Singh as Government Nominee Directors. Secretarial Audit Report noted observations on appointment of requisite Independent Directors, including a Women Independent Director.

RITES initiates shutdown of Botswana subsidiary RITES (Afrika)

RITES has initiated steps to shut down its Botswana-based subsidiary RITES (Afrika). The closure is attributed to limited business prospects in the region. RITES is a government-owned engineering and consultancy organisation.

Rites Ltd to hold investor meet with FYERS Asset Management on Sep 29

Rites Limited scheduled an in-person meeting with FYERS Asset Management. Meeting date is September 29, 2026, from 2:00 pm to 3:00 pm. Discussion limited to publicly available information per SEBI regulations.

Rites signs MoU with NHIDCL for highway consultancy services

Rites Ltd signed an MoU with NHIDCL on September 23, 2026. Services include DPR preparation, structural health assessments, and slope stability studies. Focus is on highway and infrastructure projects in North-East and strategic areas.