New Delhi: RITES Limited has informed the stock exchanges that the Ministry of Railways has approved an extension in the tenure of Rahul Mithal as Chairman and Managing Director (CMD) of the company.
The Ministry, through its letter dated August 20, 2026, conveyed that the Competent Authority has approved Mithal’s continuation as CMD beyond his existing tenure ending October 6, 2026.
His extended tenure will continue until his superannuation on June 30, 2027, or until further orders, whichever is earlier.
Rahul Mithal’s Extended Tenure at RITES
Mr. Rahul Mithal was earlier scheduled to complete his tenure as CMD of RITES on October 6, 2026. With the latest approval from the Ministry of Railways, he will now continue to lead the company until June 30, 2027, subject to further orders.
The key details of the extension are:
- Name: Mr. Rahul Mithal
- Position: Chairman and Managing Director, RITES Limited
- Existing tenure end date: October 6, 2026
- Extended tenure: Beyond October 6, 2026
- Extension up to: June 30, 2027
- Basis: Superannuation or further orders, whichever is earlier
- Approval authority: Ministry of Railways
- Approval date: August 20, 2026
The extension provides continuity in leadership at the engineering and consultancy company under the Ministry of Railways.
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Ministry of Railways Approves Extension
The Competent Authority approved the extension through a Ministry of Railways communication dated August 20, 2026.
RITES has shared the development with both the National Stock Exchange (NSE) and BSE for information and wider dissemination.
The company is currently completing the requisite statutory formalities related to the extension of Mr. Mithal’s tenure.
Further Regulatory Disclosure to Follow
RITES stated that additional disclosures regarding the extension will be submitted separately after completion of the required formalities.
The company will make the necessary disclosures in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This ensures that the extension is formally recorded and communicated to shareholders and other stakeholders through the applicable regulatory framework.
Extension Ensures Leadership Continuity at RITES
The extension of Mr. Rahul Mithal’s tenure provides continuity in leadership at RITES at a time when the company is engaged in engineering, consultancy and project management activities across the transport and infrastructure sectors.
His continuation until June 2027 is expected to support the execution of ongoing initiatives and provide stability in the company’s senior management.
About RITES Limited
RITES Limited is a leading engineering, consultancy and project management company under the Ministry of Railways, Government of India. The company provides services across transport infrastructure, railways, urban transport, highways, ports and other infrastructure sectors in India and international markets.
