RITES Limited informed the stock exchanges on August 20, 2026, that the competent authority has approved the RITES CMD tenure extension for Rahul Mithal. According to the company's BSE filing, Mithal will continue as Chairman and Managing Director beyond October 6, 2026, until June 30, 2027, the date of his superannuation, or until further orders, whichever is earlier.

The decision was communicated by the Ministry of Railways, Government of India, through a letter dated August 20, 2026. The disclosure was submitted to BSE and the National Stock Exchange of India under the company's scrip code 541556 and symbol RITES, respectively.

Terms of Rahul Mithal's tenure extension

The exchange filing specifies the approved period and the condition governing the continuation of Mithal, whose Director Identification Number is 07610499.

  • Current position: Chairman and Managing Director of RITES Limited
  • Extension begins: Beyond October 6, 2026
  • Approved tenure: Until June 30, 2027, or further orders, whichever is earlier
  • Approving authority: The competent authority, as communicated by the Ministry of Railways

The wording of the approval means Mithal's extended appointment can continue up to his stated superannuation date, subject to any earlier further orders.

Statutory process under way

RITES said it is in the process of completing the requisite statutory formalities connected with the extension of Mithal's tenure as Chairman and Managing Director.

The company also stated that a further disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 would be filed separately. The August 20 communication was issued by Nikhil Agarwal, Company Secretary and Compliance Officer of RITES Limited.

The filing concerned only the extension of the CMD's appointment. It did not disclose any financial consideration, operational target or other change in the company's management structure.

Source: BSE corporate announcement.