RITES Limited has informed the Exchange regarding Appointment of Dr. Dineshananda Goswami as Independent Director of the company w.e.f. July 07, 2025.
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RITES Limited has appointed two Independent Directors on its board following approval from the Ministry of Railways, Government of India. Dr. Dineshananda Goswami has been re-appointed as an Independent Director for a period of one year effective July 7, 2025; he had previously served on the board from November 2021 to October 2024. Ms. Purnima Kerketta has been appointed as a new Independent Director for three years effective July 13, 2025. Both directors are confirmed as not debarred by SEBI from holding directorship and are not related to any existing directors. The board approved these appointments on July 15, 2025, bringing the total board strength to nine members including the Chairman & Managing Director.
This is a routine government-directed appointment of independent directors at RITES, a public sector undertaking under the Ministry of Railways. It is unlikely to have any material impact on the stock price or shareholder value as it reflects standard board composition changes at a PSU.