RITES Limited has informed the Exchange that Board of Directors of the Company at its meeting held on 06.08.2025 has approved the appointment of M/s Agarwal S & Associates, Company Secretaries (FRN: P2003DE049100) as the Secretarial Auditor of the Company for a period of five years i.e. from the Financial Year 2025-26 to 2029-30 subject to approval of shareholders of the Company at the ensuing Annual General Meeting.
RITES · price
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RITES Limited reported Q1 FY26 unaudited results with standalone revenue from operations at ₹455.73 crore (vs ₹453.78 crore in Q1 FY25) and standalone PAT of ₹66.65 crore (vs ₹64.86 crore), a ~3% YoY rise. Consolidated revenue was ₹489.74 crore with PAT of ₹90.89 crore, while standalone EPS stood at ₹1.39. The board declared a 1st interim dividend of ₹1.30 per share (13% of paid-up capital) with record date August 12, 2025. The auditor (Pawan Puri & Associates) issued an unmodified review but included an Emphasis of Matter on the ongoing voluntary liquidation of IRSDC and dissolution of MMG-Metro Management Group. The board also appointed M/s Agarwal S. & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Q1 numbers show nearly flat top-line growth with a modest PAT uptick and a steady ~13% dividend, indicating stable operations. The auditor's emphasis on the IRSDC liquidation is a minor item to monitor but management sees no impairment risk on its ₹57.29 crore share of net worth.