This is a regulatory disclosure submitted to BSE Limited regarding the outcome of a Board Meeting of RITES Limited held on August 21, 2026.

The Board of Directors considered and approved the re-appointment of Shri Rahul Mithal (DIN: 07610499) as Chairman & Managing Director and Chief Executive Officer of the Company. The re-appointment is effective from October 07, 2026, and will continue until his superannuation date of June 30, 2027, or until further orders, whichever is earlier.

This decision is made in terms of a letter from the Ministry of Railways, Government of India (Letter No. 2020/E(O)II/40/7 dated August 20, 2026). The re-appointment is subject to approval by the shareholders of the Company at the ensuing Annual General Meeting.

In compliance with BSE Circular no. LIST/COMP/14/2018-19 dated June 20, 2018 and NSE Circular no. NSE/CML/2018/02 dated June 20, 2018, the company confirms that Shri Rahul Mithal is not debarred from holding the office of director by virtue of any SEBI order or any other authority. A brief resume and other details as per applicable SEBI Circular are attached as Annexure-A.

Director Profile Details

Shri Rahul Mithal is presently serving as Chairman & Managing Director and Chief Executive Officer of the Company with effect from October 7, 2021. He is from the Indian Railway Service of Mechanical Engineers (SCRA 1985 Batch). He holds an additional qualification of MBA (Finance) from Jamnalal Bajaj Institute of Management Studies, Mumbai and is a Fellow of the Institution of Mechanical Engineers (UK) and a Chartered Engineer registered with the Engineering Council (UK).

He previously served as Functional Director on the Board of Container Corporation of India Limited for 4 years from September 29, 2017 to October 6, 2021, where he was incharge of the Projects & Services wing. He has had a long stint of more than 20 years holding various key positions in the Indian Railways. He is also the Chairman of REMC Ltd., a subsidiary of RITES Limited.

Meeting Details

The Board meeting commenced at 03:40 P.M. and concluded at 03:50 P.M. on August 21, 2026.

Financial Impact

Financial impact not quantified in the disclosure.