RITES Limited has informed the Exchange regarding Change in Director(s) of the company.

RITES · price

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Price reaction · full curve 14 horizons · vs prior close

+5.4%1-day move

₹205.48

prior close

₹209.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.6+0.7+1.0+1.8+5.4+8.1+6.3+7.1+8.9+5.3+11.7+2.7+1.7+8.6

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AI summary

RITES Limited has announced that Shri Likha Togu (DIN: 09470640) will cease to be an Independent Director of the Company with effect from April 15, 2026. His tenure as Independent Director, which began on April 15, 2025, has been completed on April 14, 2026. This is a routine completion of a one-year appointment term that was originally approved by the Board on April 17, 2025 and subsequently ratified by shareholders in the 51st Annual General Meeting held on September 23, 2025. The Company has stated that the updated list of Directors after this cessation is available in Annexure-B.

Likely market impact

This is a routine board change due to natural tenure completion and is unlikely to have any significant impact on the company's operations or stock price. The Board will continue to function with 8 directors including 2 Independent Directors.