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RITES Limited announced that its board of directors approved the re-appointment of Shri Rahul Mithal as Chairman & Managing Director and Chief Executive Officer beyond October 6, 2026, until June 30, 2027, or until further orders, subject to shareholder approval at the company`s Annual General Meeting. Mithal, who has held the position since October 7, 2021, is from the Indian Railway Service of Mechanical Engineers and holds an MBA in Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai.

Net profit of Rites rose 8.88% to Rs 87.21 crore in the quarter ended June 2026 as against Rs 80.10 crore during the previous quarter ended June 2025. Sales rose 8.67% to Rs 532.20 crore in the quarter ended June 2026 as against Rs 489.74 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales532.20489.74 9 OPM %21.5423.31 - PBDT147.13137.08 7 PBT130.56121.59 7 NP87.2180.10 9 Powered by Capital Market - Live News

RITES announced that the Board of Directors of the Company at its meeting held on 4 August 2026, inter alia, have recommended the First Interim dividend of Rs 1.4 per equity Share (i.e. 14%) , subject to the approval of the shareholders.

RITES will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Rites in a consortium has received work from Patna Metro Rail Corporation for consultancy Services for implementation of Patna Metro Rail construction project. The company`s share in the project is Rs 79.22 crore.