RITES Limited has informed the Exchange that Board of Directors of the Company in their meeting held today i.e. May 14, 2025 has approved the appointment of Shri Rajbir Sharma as an Additional Director (Independent Director) on the Board of the Company w.e.f. 14.05.2025 in accordance with Ministry of Railways, Govt. of India order no. 2024/PL/57/38 Pt-1 dated 13.05.2025.
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RITES Limited has appointed Shri Rajbir Sharma as an Additional Director (Independent Director) on its board effective May 14, 2025. The appointment follows a directive from the Ministry of Railways, with approval from the Hon'ble President of India, and is for a period of three years or until further orders. Shri Sharma is a postgraduate in Law with over 22 years of experience in legal practice across High Courts, tribunals, and consumer/labour courts. He is not debarred from holding the office of director by any authority, and he has no relationship with any other director on the board.
This is a routine government-directed independent director appointment in a PSU and is unlikely to have any material impact on the stock price or operations. Shareholders should note that the board now has two Independent Directors among its seven members.