Outcome of the Board Meeting held on 04.11.2026.

No. RITES/SECY/NSE दनांक: 04 नवंबर, 2026 To To Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited, BSE Limited, Rotunda Building, ‘Exchange Plaza’, C-1, Block G, Bandra - P J Towers, Dalal Street, Fort, Kurla Complex, Bandra (E), Mumbai – 400051 Mumbai - 400 001 Symbol- RITES Scrip Code- 541556 Subject: Outcome of Board Meeting held on 04th November, 2026 Dear Sir/ Madam, This is to inform that the Board of Directors of the Company at its meeting held today i.e. 04th November, 2026 has inter alia, considered and: 1. Approved the Un-audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended on 30th September, 2026. The Un-Audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended on 30th September, 2026, along with Limited Review Reports thereon are enclosed herewith. 2. Declared 2nd (Second) Interim dividend for the Financial Year 2026-27 at the rate of ₹ 1.90 per share (19 % of paid-up share capital) of the Company. Further, the record date set for the purpose of payment of 2nd Interim Dividend for Financial Year 2026-27 is Wednesday, November 11, 2026 and said interim dividend shall be paid on or before 03rd December, 2026. 3. Took note that the proposal for formation of JV with NICC Infrastructure Construction LLC and contribution of capital therein is not materializing, this is in continuation to our intimation dated June 25, 2026 w.r.t approval for formation and investment of capital in JV with NICC Infrastructure Construction LLC. The aforesaid meeting of the Board of Directors of the Company commenced at 03:00 P.M. and concluded at 04:30 P.M. This is for your information and records. Thanking You, आपका व वासी/Yours sincerely, ( न खल अ वाल)/ Nikhil Agarwal कंपनी स चव और अनुपालन अ धकार / Company Secretary & Compliance Officer सद यता सं या / M. No. A42626 S R GOVAL & CO CHARTERED ACCOUNTANTS Independent Auditor's Review Report on the Unaudited Standalone Financial Results of the Company for the quarter and six months ended on September 30, 2026 Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended) To the Board of Directors of RITES Limited 1. We have reviewed the accompanying Statement of the standalone unaudited financial results of RITES Limited (`the Company') for the quarter and six months ended as on September 30, 2026 (`the Statement') being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (`Listing Regulations'). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 `Interim Financial Reporting' (`Ind-AS 34'), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 `Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind-AS 34 prescribed under Section 133 of the Companies Act, 2013, applicable accounting standards and other recognized accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended including the manner in which it is to be disclosed, or that it contains any material misstatement. Branch Office: 906, 9th Floor, New Delhi House, 27, Barakhamba Road, New Delhi — 110001 Head Office: `SRG HOUSE' Building No. 2, M.I.Road, Opp. Ganpati Plaza, JAIPUR — 302 0 '9•1'dAcc4 Phone :0141-4041300, 4041301, 2362363,2362365 e-mail: info@srgoyal.com * ajay@srgoyal.com * website: www.srgoval.com S R GOYAL & CO CHARTERED ACCOUNTANTS 5. Emphasis of Matter We draw your attention to Note No. 3 to the Statement wherein it is referred that One of the Joint Ventures of the Company, Indian Railway Stations Development Corporation Limited (IRSDC), in which the Company has an investment of ₹48.00 crore, is under voluntary liquidation. The financial statements of IRSDC have been prepared on the liquidation basis of accounting. As on 30.09.2026, the Nctworth of IRSDC comes to ₹251.62 crore, of which the Company's 24% share amounted to ₹60.39 crore. Therefore, the management does not perceive any impairment in the carrying value of its investment in IRSDC. Further, during this quarter, the Liquidator has made an interim payment of Share Capital on account of Voluntary Winding up, pursuant to which the Company received ₹47.04 crore on 30.07.2026. This has been accounted as advance received as on 30.9.2026 and no adjustment has been made in the books of accounts as the said liquidation process is continuing and the remaining assets and liabilities of IRSDC are under realization and settlement by the Liquidator. We also draw your attention to Note No. 4 to the Statement wherein it is referred that the Board of Directors of the Company, at its meeting held on 25th September 2026, approved the initiation of the process for closure of RITES (Afrika) Proprietary Limited (RAPL), a wholly owned subsidiary incorporated in Botswana. Consequently, the financial statements of the subsidiary have been prepared on the liquidation basis of accounting as on 30.09.2026. Further, as on 30.09.2026, the Company has an investment of Rs. 0.01 crore in RAPL and the Networth of RAPL comes to Rs 1.79 crore due to which the management does not perceive any impairment in the carrying value of its investment in RAPL. Our conclusion is not modified in respect to these matters. 6. The accompanying Statement and other financial information include: a) The result of five joint operations including two joint operations located outside India, included in the Statement, whose interim financial results reflect Company's share of total assets of Rs. 33.21 crores as at September 30, 2026, total revenues of Rs. 20.44 crores and Rs. 40.12 crores and share of total net profit/ (loss) after tax of Rs. (0.53) crores and Rs. (0.66) crores for the quarter and six months ended on September 30, 2026, as considered in the Statement. These interim financial results and other financial information have been reviewed by the auditors of these joint operations, whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the reports of their Auditors an [Showing first 8,000 characters — download PDF for full document]