NSEGeneral Updates25 Jun 2026 · 25 Jun 2026, 01:15 pm

General Updates

RITES Limited · RITES

✦ AI SummaryJoint Venture

RITES Limited has informed the Exchange that its Board of Directors has approved the formation and investment of capital in a proposed Joint Venture Company with NICC Infrastructure Construction LLC in the United Arab Emirates.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

RITES Limited has informed the Exchange that Board of Directors of the Company in their meeting held today i.e. 25th June, 2026 has accorded its approval for formation and investment of capital in proposed Joint Venture Company between RITES Limited and NICC Infrastructure Construction LLC in the form of a Limited Liability Company (LLC) in United Arab Emirates (UAE).

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RITES_25062026131421_IntimationSigned.pdf

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No. RITES/SECY/NSE Date: June 25, 2026 To To Corporate Relationship Department, Listing Department, BSE Limited, National Stock Exchange of India Limited, Rotunda Building, Exchange Plaza, C-1, Block G, Bandra - P J Towers, Dalal Street, Fort, Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai – 400051 Symbol- RITES Scrip Code- 541556 Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), this is to inform you that Board of Directors of the Company in their meeting held today i.e. 25th June, 2026 has accorded its approval for formation and investment of capital in proposed Joint Venture Company between RITES Limited and NICC Infrastructure Construction LLC in the form of a Limited Liability Company (LLC) in United Arab Emirates (UAE). On execution of the Shareholders Agreement, the detailed disclosures as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 will be intimated to the Stock Exchanges in due course. This is for your information and records. Thanking You. Yours sincerely, For RITES Limited Nikhil Agarwal Company Secretary & Compliance Officer Membership No.: A42626