Intimation of Sale of Entire Equity Shareholding held by RITES in Elicius Energy Private Limited, Associate Company

No. RITES/SECY/NSE Date: August 19, 2026 To To Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Bandra - Rotunda Building, Kurla Complex, Bandra (E), P J Towers, Dalal Street, Fort, Mumbai – 400051 Mumbai - 400 001 Symbol- RITES Scrip Code- 541556 Subject: Intimation of Sale of Entire Equity Shareholding held by RITES in Elicius Energy Private Limited, Associate Company . Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026, this is to inform that the Board of Directors of RITES Limited at its 303rd meeting held on June 25, 2026 inter alia approved the proposal for Sale/Transfer of Entire Equity Shareholding held by RITES Limited in Elicius Energy Private Limited. Presently, RITES Limited holds 1,573 equity shares, representing 13% of the equity share capital of Elicius Energy Private Limited. The Competent Authority on August 19, 2026 has decided to transfer the entire equity shareholding of RITES Limited in Elicius Energy Private Limited to Dr. Raghunathan Rengasamy, Promoter and Director of Elicius Energy Private Limited, at the fair value of ₹38.49 per equity share, aggregating to a total consideration of ₹60,544.77, as per Share Valuation Certificate issued by M/s SPGM & Associates, Chartered Accountants (Firm Registration No. 332387E). The Share Transfer Deed shall be executed between the Parties for giving effect to the transfer. Upon completion of the transfer of the shares, Elicius Energy Private Limited shall cease to be an associate of RITES Limited. The requisite details as required under the applicable provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as Annexure-A. This is for information and records. Thanking You, Yours sincerely, For RITES Limited Nikhil Agarwal Company Secretary & Compliance Officer Membership No.: A42626 Annexure—A Intimation of Sale of Equity Shares held in Elicius Energy Private Limited. Sr. Details of the event that needs to be provided Information of such event 1. The amount and percentage of the turnover or Nil revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year 2. Date on which the agreement for sale has been Share transfer Deed to be entered into executed. 3. The expected date of completion of sale/ disposal Before end of September 30, 2026. 4. Consideration received from such sale/ Disposal The agreed consideration to be received is ₹ 60,544.77/-. (1573 equity shares × ₹38.49 per Share) 5. Brief details of buyers and whether any of the The proposed buyer does not buyers belong to the promoter/ promoter belong to promoter/promoter group/group companies. If yes, details thereof group /group companies. The Proposed Buyer i.e. Dr. Raghunathan Rengasamy is the Promoter and Director of Elicius Energy Private Limited. 6. Whether the transaction would fall within related The transaction is not a related party transactions? If yes, whether the same is party transaction. done at “arm’s length 7. Whether the sale, lease or disposal of the Not applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations 8. Additionally, in case of a slump sale, indicative Not applicable disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale