RITES Limited has informed the Exchange regarding Additional charge of the post of Director (Projects) to Dr. Deepak Tripathi currently serving as Director (Technical) of the Company.
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RITES Limited has informed the stock exchange that Dr. Deepak Tripathi, who is currently serving as Director (Technical) of the company, has been given the additional charge of the post of Director (Projects). This means one person will temporarily handle the responsibilities of both director-level roles. No new appointment has been made from outside; it is an internal arrangement where an existing director takes on extra duties. The company has not indicated any replacement or permanent appointment for the Projects role. This kind of additional charge is typically a stop-gap measure until a full-time director is appointed.
This is a routine internal administrative change and is unlikely to materially affect shareholders or the stock price. Investors may want to track whether a permanent Director (Projects) is appointed in the near future.