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