RITES Limited has informed the Exchange regarding Change in Director(s) of the company.
RITES · price
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Awaiting price reaction for this filing.
RITES Limited has informed the exchanges that Smt. Purnima Kerketta (DIN: 11192904) has resigned as Independent Director of the company effective 24th February 2026. In her resignation letter, she cited personal reasons and stated she was unable to continue discharging her responsibilities effectively; she requested the resignation be effective from 19th February 2026. She was appointed by the Ministry of Railways (Railway Board) in July 2025 and also served as Chairperson of the Nomination and Remuneration Committee and member of the CSR Committee, both of which she will now vacate. The remaining board still has three other Independent Directors (Shri Likha Togu, Shri Rajbir Sharma, and Dr. Dineshananda Goswami), so the company retains a compliant independent director presence. No material reasons beyond personal ones were disclosed.
This is a routine governance update with no direct impact on operations or financials. Since RITES is a government PSU under the Ministry of Railways, the vacant independent director seat is expected to be filled through another government appointment. Investors are unlikely to see any meaningful stock price reaction from this development.