RITES Limited announced the re-appointment of Shri Rahul Mithal as Chairman & Managing Director (CMD) and Chief Executive Officer (CEO). This reappointment is effective from October 07, 2026, and will continue until his superannuation on June 30, 2027. The decision, subject to shareholder approval, ensures leadership continuity for the company.
Leadership Continuity at RITES Limited
The Board of Directors of RITES Limited has approved the re-appointment of Shri Rahul Mithal (DIN: 07610499) as Chairman & Managing Director (CMD) and Chief Executive Officer (CEO) of the company. This crucial decision ensures leadership stability and continuity in strategic direction.
Extended Tenure and Approval Process
Shri Mithal’s reappointment will be effective from October 07, 2026, and will extend until his superannuation on June 30, 2027, or until further orders, whichever comes earlier. This reappointment is in line with the Ministry of Railways’ directive and is contingent upon the approval of the company’s shareholders during the upcoming Annual General Meeting.
Executive Profile
Shri Rahul Mithal, an Indian Railway Service of Mechanical Engineers officer, brings extensive experience to his role. He holds an MBA (Finance) and is a Fellow of the Institution of Mechanical Engineers (UK) and a Chartered Engineer. Previously, he served as the Functional Director on the Board of Container Corporation of India Limited and has held various key positions within the Indian Railways for over 20 years. He also chairs REMC Ltd., a subsidiary of RITES Limited.
Confirmation of Eligibility
In compliance with SEBI regulations, it has been confirmed that Shri Rahul Mithal is not debarred from holding the office of director by any regulatory authority. A detailed resume and other relevant information as per SEBI Circulars are attached as Annexure-A.
Board Meeting Details
The Board meeting where this decision was made commenced at 03:40 P.M. and concluded at 03:50 P.M. on August 21, 2026.
Source: BSE
