StockWatch
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Civil Construction
Management Change21 Aug 2026, 03:59 pm

RITES Ltd: Rahul Mithal Re-appointed CMD & CEO

AI Summary

RITES Ltd announced the re-appointment of Shri Rahul Mithal as Chairman & Managing Director (CMD) and Chief Executive Officer (CEO). The Board of Directors approved his re-appointment beyond October 6, 2026, until his superannuation on June 30, 2027, or further orders. This re-appointment is subject to shareholder approval at the upcoming Annual General Meeting. Shri Mithal, a seasoned professional from the Indian Railway Service of Mechanical Engineers with an MBA in Finance, has extensive experience in railways and has served as Functional Director at Container Corporation of India Limited and Chairman of REMC Ltd. The company confirmed he is not debarred from holding directorships.

Key Highlights

  • Shri Rahul Mithal re-appointed as CMD and CEO.
  • Tenure extends until June 30, 2027, subject to shareholder approval.
  • Re-appointment effective from October 7, 2026.
  • Shri Mithal has a strong background in Indian Railways and management.
  • Confirmation received that he is not debarred from directorship.