RITESNSERITES LimitedMediumNeutral
Announced Fri, 22 Aug · 14:22 IST

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

Management Changes View source PDF

RITES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

RITES Limited has informed the exchanges that Shri Sandeep Jain (DIN: 09435375) has ceased to be a Government Nominee Director on the company's board, effective August 22, 2025. The cessation is due to his transfer from the post of Executive Director Planning (Civil & PSU) at the Railway Board, the parent ministry that controls RITES. The current board comprises 8 directors including the Chairman & Managing Director, Director (Technical), Director (Finance), one Government Nominee Director (Shri Shailendra Singh), and four Independent Directors. No other board changes have been announced alongside this cessation.

Likely market impact

This is a routine administrative change as RITES is a Government of India undertaking under the Ministry of Railways, and nominee directors typically change with bureaucratic transfers. No material impact on operations or shareholders is expected.