Business Update Positive

2026-10-09 12:47

- RITES Limited has informed the exchanges that CRISIL ESG Ratings & Analytics Limited has assigned an ESG rating of 63 and a core ESG rating of 79 on October 08, 2026. - The company clarified that it did not engage CRISIL for this rating, and it was prepared independently based on publicly available information.

Governance Neutral

2026-10-06 21:38

- RITES Limited has informed the exchange about the appointment of Dr. Sandeepa Malhotra as a Non-Official Independent Director on the Board of the Company. - The appointment is made by the Ministry of Railways for a period of three years with effect from October 06, 2026. - Dr. Sandeepa Malhotra is an accomplished academician with over 28 years of experience in teaching and academic administration.

Routine Positive

2026-10-04 17:27

- RITES Limited received an order from the Deputy Commissioner of State Tax (Appeal-1), Ahmedabad on October 03, 2026. - The appeal filed by the company against the tax demand for FY 2019-20 was allowed and partially set aside. - Relief amounting to ₹38,30,49,704/- (comprising tax, interest, and penalty) has been granted to the company. - There is no further tax liability resulting from this demand order.

Routine Neutral

2026-09-28 11:46

- Trading window for dealing in equity shares closed from October 1, 2026. - Applies to Designated Persons and their immediate relatives for Q2/H1 FY27 financial results. - Will reopen 48 hours after declaration of the unaudited financial results.

Governance Neutral

2026-09-25 21:30

- RITES Limited has submitted the voting results and consolidated scrutinizer's report for its 52nd Annual General Meeting (AGM) held on September 25, 2026. - All 8 resolutions, including the adoption of financial statements, dividend confirmation, and appointments/re-appointments of directors and the CMD, were passed with the requisite majority. - Voting was conducted via remote e-voting and e-voting during the AGM provided by NSDL.

Governance Neutral

2026-09-25 10:29

- RITES Limited has initiated the process for the closure of RITES (Afrika) Proprietary Limited, its wholly-owned subsidiary in Botswana. - The closure is due to a lack of relevant business opportunities in the country and the establishment of a representative office in South Africa. - The subsidiary contributed minimal turnover and revenue (0.02% each) and net worth (0.13%) in the last financial year. - Estimated time of closure is within six months after receiving all requisite approvals.

Business Update Neutral

2026-09-24 21:20

Concall Schedule Concall Date: 29th September, 2026 Concall Time: 14:00 Hrs to 15:00 Hrs

Business Update Neutral

2026-09-23 22:11

- Concall Schedule - Concall Date: 28th September, 2026 - Concall Time: 10:00 Hrs to 11:00 Hrs

Business Update Positive

2026-09-23 13:37

- RITES Limited signed a Memorandum of Understanding (MoU) with National Highways & Infrastructure Development Corporation Limited (NHIDCL). - The collaboration aims to provide specialized consultancy and technical support services for highway and infrastructure projects across North-East and other strategic areas.

Business Update Positive

2026-09-22 14:13

- Order Win: RITES Limited secured an order from South Central Railway. - Order Type: Project Management Consultancy Service for Railways Electrification of Bidar-Kalaburagi (Gulbarga) (110 RKM) on a Cost Plus turnkey basis. - Order Value: Revised Project Cost of ₹154.65 Crore (excluding GST, including RITES fees). Original project cost was ₹97.96 Crore. - Completion Timeline: Ongoing.

Business Update Neutral

2026-09-18 18:41

- Niche Ninety Nine Capability and Certifications (OPC) Private Limited has assigned an ESG rating of 69 to RITES Limited. - This rating was intimated to stock exchanges on September 17, 2026. - RITES Limited clarifies it did not engage Niche for this rating, and it was independently prepared based on public information.

Governance Neutral

2026-09-08 21:41

- RITES Limited announced the appointment of M/s S R Goyal & Co., Chartered Accountants, as Statutory Auditors for the Financial Year 2026-27 by the Comptroller & Auditor General of India.

Business Update Positive

2026-08-28 10:55

- RITES Limited has opened a Branch Office as an External Company in the Republic of South Africa. - The new office aims to cater to business development activities.

Routine Neutral

2026-08-27 17:03

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Governance Positive

2026-08-21 16:03

- Board of Directors re-appointed Shri Rahul Mithal as Chairman & Managing Director and CEO. - The re-appointment is effective from October 07, 2026, until June 30, 2027, or until further orders. - This is subject to shareholders' approval in the ensuing Annual General Meeting.

Governance Neutral

2026-08-20 18:34

- Ministry of Railways approved the extension of Shri Rahul Mithal's tenure as Chairman & Managing Director (CMD) of RITES Limited. - Tenure extended beyond October 6, 2026, until June 30, 2027, or until further orders.

Business Update Neutral

2026-08-19 17:06

- RITES Limited to sell its entire 13% equity stake (1,573 shares) in associate company Elicius Energy Private Limited to Dr. Raghunathan Rengasamy. - Total consideration: ₹60,544.77 (₹38.49 per share). - Transaction expected to be completed by September 30, 2026, after which Elicius Energy will cease to be an associate.

Business Update Positive

2026-08-11 16:08

- Concall held to discuss Unaudited Financial Results for Q1 FY27 (quarter ended June 30, 2026). - Q1 YoY growth in top line of 9-10% and bottom line of ~8%. - Total order book stands at INR 9,450 crores; targeting INR 10,000 crores for FY. - Export order book is INR 1,775 crores, including an INR 900+ crore order from Bangladesh for 200 coaches. - Export revenue guidance: >INR 300 crores for current FY; targeting one export order per quarter. - Consolidated EBITDA margin guidance: 20%; PAT margin guidance: 15% on an annual basis. - Turnkey projects (1.5-2% margins) contribute ~50% of the order book and 30-33% of Q1 revenue. - REMCL contributed PAT of INR 22 crores and a dividend of INR 10 crores in Q1. - Management expects double-digit revenue growth for the FY, with a focus on increased execution and maintaining margin targets.

Routine Neutral

2026-08-07 19:41

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Business Update Neutral

2026-08-05 17:17

- RITES Limited shared the audio recording link for its Q1 FY27 post-results conference call. - The call, held on August 5, 2026, discussed financial results for the quarter ended June 30, 2026.

Financials Positive

2026-08-04 17:37

- Consolidated Revenue ₹561 Cr vs ₹512 Cr (▲9.6% YoY) - Consolidated Operating Revenue (excluding other income) ₹532 Cr vs ₹490 Cr (▲8.6% YoY) - Consolidated EBITDA ₹119 Cr in Q1FY27 - Consolidated PAT ₹98 Cr in Q1FY27 - Consolidated EBITDA Margin 22.4% in Q1FY27 - Interim Dividend of ₹1.4/share declared - All-time-high order book of ₹9445 Cr, with 120+ orders worth ₹670+ Cr secured in Q1FY27.

Financials Neutral

2026-08-04 13:41

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹532.20Cr vs ₹489.70Cr (▲8.7% YoY) - EBITDA ₹119.48Cr vs ₹116.52Cr (▲2.5% YoY) - PAT ₹97.78Cr vs ₹90.89Cr (▲7.6% YoY) - EBITDA Margin 22.45% vs 23.79% (▼134bps) - Board declared a 1st Interim dividend of ₹1.40 per share for FY2026-27. Record date is August 10, 2026, with payment by September 02, 2026.

Financials Neutral

2026-08-04 13:37

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹532.20Cr vs ₹489.70Cr (▲8.67% YoY) - EBITDA ₹119.48Cr vs ₹116.52Cr (▲2.54% YoY) - PAT ₹97.78Cr vs ₹90.89Cr (▲7.58% YoY) - EBITDA Margin 22.45% vs 23.79% (▼134bps) - Declared 1st Interim Dividend of ₹1.40 per share for FY 2026-27.

Financials Negative

2026-08-04 13:34

CRITICAL RED FLAG DETECTED

- Consolidated Revenue ₹532.20 Cr vs ₹489.70 Cr (▲8.7% YoY) - EBITDA ₹119.50 Cr vs ₹116.52 Cr (▲2.6% YoY) - PAT ₹97.78 Cr vs ₹90.89 Cr (▲7.6% YoY) - EBITDA Margin 22.45% vs 23.79% (▼134 bps) - Declared 1st Interim dividend of ₹1.40 per share for FY 2026-27. - Record date for dividend: August 10, 2026; Payment on or before September 02, 2026. - Company does not have the requisite number of Independent Directors to constitute its Audit Committee as of July 07, 2026.

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RITES Limited

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