RITES Limited disclosed to the National Stock Exchange of India and BSE that the President of India held 72.20 per cent of the paid-up share capital of RITES Limited as on March 31, 2026. The filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The government holding through the Ministry of Railways amounts to 34,70,09,546 equity shares of Rs 10 each in RITES Limited. The Ministry of Railways is the administrative ministry and holds the shares on behalf of the President of India.
No encumbrance or pledge was created on these shares during the financial year ended March 31, 2026. The filing confirms that no direct or indirect pledge existed on government stake in RITES Limited through the reporting period.
The disclosure letter was dated April 6, 2026, and RITES Limited submitted the filing to the stock exchanges on June 11, 2026. The exchange filings were made on the electronic platforms of both the National Stock Exchange of India Limited and BSE Limited. A copy of the disclosure was also forwarded to the audit committee of RITES Limited.
Regulation 31(4) of the SEBI Takeover Code mandates an annual disclosure of shareholding as on March 31 by any person holding more than five per cent of the shares or voting rights in a listed company. RITES Limited is a central public sector enterprise under the Ministry of Railways of the Government of India.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.