RITES Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 23, 2025
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RITES Limited has notified the stock exchanges about its 51st AGM scheduled for Tuesday, September 23, 2025, at 11:00 AM via video conferencing. Shareholders will consider adoption of audited FY25 financial statements, confirm three interim dividends already paid (totaling Rs 4.90 per share / Rs 235.50 crore), and approve a final dividend of Rs 2.65 per share (Rs 127.36 crore) recommended by the Board. Four Independent Directors — Shri Likha Togu, Shri Rajbir Sharma, Dr. Dineshananda Goswami, and Smt. Purnima Kerketta — are proposed for appointment via special resolutions. The company also seeks shareholder approval to alter its Articles of Association, doubling its board's capital expenditure sanction limit from Rs 500 crore to Rs 1,000 crore and raising the per-project JV/subsidiary equity cap from Rs 500 crore to Rs 1,000 crore. Additionally, M/s Agarwal S & Associates is proposed as Secretarial Auditor for five years (FY26–FY30).
Routine procedural filing; the dividend amounts and enhanced capital/JV limits may be modestly positive signals on capital allocation flexibility and shareholder returns, though the resolutions are largely formal approvals of actions already initiated by the government-nominated board.