New Delhi: RITES Limited has informed the National Stock Exchange (NSE) and BSE Limited about the cessation of Mr. Likha Togu (DIN: 09470640) as a Non-Executive Independent Director following the completion of his tenure.
The company confirmed that his term will conclude on April 14, 2026, and the cessation will become effective from April 15, 2026, in compliance with SEBI disclosure norms.
Tenure Ends After One-Year Appointment
Mr. Likha Togu was appointed as an Additional Independent Director for a one-year term beginning April 15, 2025.
His appointment was:
- Approved by the Board on April 17, 2025
- Based on Ministry of Railways order dated April 15, 2025
- Ratified by shareholders at the 51st Annual General Meeting on September 23, 2025
The company clarified that the cessation is solely due to completion of tenure, with no other material reasons involved.
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SEBI-Compliant Disclosure Under Regulation 30
RITES Limited stated that the announcement has been made under:
- Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
- Applicable SEBI circulars on material event disclosures
The filing was signed by Company Secretary & Compliance Officer Nikhil Agarwal.
Officials confirmed that there is:
- No resignation
- No removal
- No governance-related concern
Updated Board Composition of RITES Limited
Following the completion of tenure, the revised Board of Directors includes:
- Mr. Rahul Mithal – Chairman & Managing Director
- Dr. Deepak Tripathi – Director (Technical)
- Mr. Krishna Gopal Agarwal – Director (Finance)
- Mr. Prem Singh Meena – Director (Projects)
- Mr. Jayant Kumar – Government Nominee Director
- Mr. Vinod Kumar – Government Nominee Director
- Mr. Rajbir Sharma – Independent Director
- Dr. Dineshananda Goswami – Independent Director
Routine Board Transition, No Operational Impact
The company emphasized that the development represents a routine board-level transition following the scheduled end of tenure.
Investors were reassured that:
- Business operations remain unaffected
- Governance structure remains compliant
- No adverse regulatory implications exist
RITES continues to maintain strong adherence to corporate governance and SEBI listing regulations.
About RITES Limited
RITES Limited is a leading public sector enterprise providing engineering, consultancy, and project management services in transport infrastructure, railways, and metro projects. Listed on NSE and BSE, RITES delivers high-quality solutions across India and internationally while maintaining strong corporate governance and operational standards.
