RITES Limited has informed the Exchange that The Code of Internal Procedures and Conduct for Prohibition of Insider Trading in Dealing with the Securities and Code regarding Practice & Procedure for Fair Disclosure of Unpublished Price Sensitive Information as amended and adopted by the Board of Directors of the Company at their meeting held today i.e. May 14, 2025.

RITES Limited's Board of Directors amended and adopted the revised Code of Internal Procedures and Conduct for Prohibition of Insider Trading and the Code for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) at their meeting held on May 14, 2025. The filing is made under Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, and supersedes the earlier versions effective from November 20, 2017 and April 1, 2019. Key provisions include a closed trading window from the end of every quarter until 48 hours after financial results are declared, mandatory pre-clearance for any designated person trades exceeding Rs. 10 lakhs, and disclosure requirements (initial upon appointment, continual within 2 trading days for transactions over Rs. 10 lakhs per quarter, and annual by April 30). The code also enforces a 6-month contra-trade restriction, prohibits derivative trading in RITES shares by designated persons, and sets penalties of Rs. 5,000 to Rs. 7,500 (or actual profit, whichever is higher) for violations, with proceeds going to SEBI's Investor Protection and Education Fund. The code applies to promoters, directors, KMPs, executives at Executive Director level and above, employees in finance/accounts/tax/secretarial departments, and their immediate relatives.