RITES Limited has intimated the exchange regarding Voting Results and Consolidated Scrutinizer s Report on e-voting of 51st AGM
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RITES Limited held its 51st Annual General Meeting on September 23, 2025 via video conferencing. All 10 resolutions were passed with the requisite majority. Key items included adoption of FY25 audited financial statements (99.9989% in favour), confirmation of three interim dividends and declaration of final dividend for FY25 (99.9989% in favour), and re-appointment of Director (Finance) Shri Krishna Gopal Agarwal (99.95% in favour). Four new Independent Directors — Shri Likha Togu, Shri Rajbir Sharma, Dr. Dineshananda Goswami, and Smt. Purnima Kerketta — were appointed as Special Resolutions, each securing over 95.9% approval. Other resolutions covered fixing auditor remuneration, alteration of Articles of Association, and appointment of the Secretarial Auditor. The Indian Government (Promoter) holds about 72.2% of shares and voted unanimously in favour of all resolutions, which dominated the outcome. Non-institutional public shareholders showed notable dissent on auditor remuneration (42.4% against) and some independent director appointments.
This is a routine procedural filing confirming shareholder approval of standard AGM agenda items — no fresh business or capital action. Shareholders can expect the declared final dividend for FY25 to be paid as approved. Stock price is unlikely to be materially impacted; the results simply formalise decisions already in line with management's recommendations.