RITES Limited has informed the Exchange about change in Management
RITES · price
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RITES Limited has announced internal changes in its Senior Management effective June 10, 2025. Shri Rajesh Naik, currently General Manager (Civil) and Vertical Head/Highway, will take over as Chief Strategy Officer (CSO). Shri Pankaj Chaudhary, the existing CSO, will move to Additional Vertical Head/BP&A and later become Vertical Head/BP&A from November 1, 2025, following the superannuation of Shri Pradeep Tyagi. Additionally, Shri Prabhat Kumar, a Civil Engineering graduate with 32 years of experience who joined RITES in 1996, has been transferred from PU Head (Bilaspur) to the Highway Division in Gurgaon as Vertical Head/Highway, and is being included in the Senior Management team.
These are routine internal re-designations and a planned succession move ahead of a senior executive's retirement, with no impact on company leadership at the board level. Shareholders are unlikely to see any material effect on stock price from this announcement.