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LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruefalseNot Applicable during the reporting periodtruetruetrueTop 500 listed entitiestrueCOMZ00332OriginalPursuant to NSE Circular No. NSE/ CML/ 2023/ 31 dated April 10, 2023 certain changes in respect of date of re-appointment of Independent Directors and other directors have been made in the Corporate Governance Report for the quarter ended 31.12.2024 as compared from previous quarters.truetrueMrRAHUL MITHAL07610499Executive DirectorChairpersonCEO-MD1967-06-02falseActiveNA2021-10-071000MrARUN KUMAR SINGH09747776Executive DirectorNot Applicable1967-02-16falseActiveNA2022-09-261010MrDEEPAK TRIPATHI10090267Executive DirectorNot Applicable1968-07-15falseActiveNA2023-03-271000MrKRISHNA GOPAL AGARWAL10239667Executive DirectorNot Applicable1973-03-22falseActiveNA2023-08-011020MrSANDEEP JAIN09435375Non-Executive - Nominee DirectorNot Applicable1968-08-21falseActiveNA2021-12-172041MrSHAILENDRA SINGH07083410Non-Executive - Nominee DirectorNot Applicable1966-01-22falseActiveNA2024-03-271000MrsGODAWARI MISHRA09394545Non-Executive - Independent DirectorNot Applicable1958-09-11falseActiveNA2021-11-102021-11-102024-11-0935.30000Tenure CompletionMrDINESHANANDA GOSWAMI09394294Non-Executive - Independent DirectorNot Applicable1958-10-21falseActiveNA2021-11-112021-11-112024-10-2235.110000OthersMrLAXMAN TAMMANNA TAPASHI01838521Non-Executive - Independent DirectorNot Applicable1963-08-01falseActiveNA2021-11-102021-11-102024-11-0935.30000Tenure CompletionMrLIKHA TOGU09470640Non-Executive - Independent DirectorNot Applicable1974-01-04falseActiveNA2022-01-212022-01-2135.11122truetruetruetruetrueAudit Committee09470640LIKHA TOGUNon-Executive - Independent DirectorChairperson2024-12-17Shri Likha Togu (DIN: 09470640) was appointed as Chairperson of the Committee upon reconstitution of Committee w.e.f. 17.12.2024Audit Committee09747776ARUN KUMAR SINGHExecutive DirectorMember2023-03-01Audit Committee09435375SANDEEP JAINNon-Executive - Nominee DirectorMember2024-12-17Shri Sandeep Jain (DIN: 09435375) was appointed as Member of the Committee upon reconstitution of Committee w.e.f. 17.12.2024Audit Committee09394294DINESHANANDA GOSWAMINon-Executive - Independent DirectorChairperson2021-12-172024-10-22Shri Dineshananda Goswami (DIN: 09394294) ceased to be Chairperson of the Committee w.e.f. 22.10.2024 consequent to his resignationAudit Committee09394545GODAWARI MISHRANon-Executive - Independent DirectorMember2021-12-172024-11-09Mrs. Godawari Mishra (DIN: 09394545) ceased to be member of the Committee w.e.f. 09.11.2024 consequent to completion of tenureNomination and remuneration committee09394545GODAWARI MISHRANon-Executive - Independent DirectorChairperson2021-12-172024-11-09Mrs. Godawari Mishra (DIN: 09394545) ceased to be Chairperson of the Committee w.e.f. 09.11.2024 consequent to completion of tenureNomination and remuneration committee01838521LAXMAN TAMMANNA TAPASHINon-Executive - Independent DirectorMember2021-12-172024-11-09Mr. Laxman Tammanna Tapashi (DIN: 01838521) ceased to be member of the Committee w.e.f. 09.11.2024 consequent to completion of tenureNomination and remuneration committee07083410SHAILENDRA SINGHNon-Executive - Nominee DirectorMember2024-05-28Nomination and remuneration committee09470640LIKHA TOGUNon-Executive - Independent DirectorChairperson2024-12-17Shri Likha Togu (DIN: 09470640) was appointed as Chairperson of the Committee upon reconstitution of Committee w.e.f. 17.12.2024Nomination and remuneration committee09435375SANDEEP JAINNon-Executive - Nominee DirectorMember2024-12-17Shri Sandeep Jain (DIN: 09435375) was appointed as Member of the Committee upon reconstitution of Committee w.e.f. 17.12.2024Stakeholders Relationship Committee01838521LAXMAN TAMMANNA TAPASHINon-Executive - Independent DirectorChairperson2021-12-172024-11-09Mr. Laxman Tammanna Tapashi (DIN: 01838521) ceased to be Chairperson of the Committee w.e.f. 09.11.2024 consequent to completion of tenureStakeholders Relationship Committee10239667KRISHNA GOPAL AGARWALExecutive DirectorMember2023-08-01Stakeholders Relationship Committee09435375SANDEEP JAINNon-Executive - Nominee DirectorMember2021-12-17Stakeholders Relationship Committee09470640LIKHA TOGUNon-Executive - Independent DirectorChairperson2024-12-17Shri Likha Togu (DIN: 09470640) was appointed as Member of the Committee w.e.f. 31.01.2022 and was Re-designated as Chairperson upon reconstitution of Committee w.e.f. 17.12.2024Risk Management Committee09394294DINESHANANDA GOSWAMINon-Executive - Independent DirectorChairperson2021-12-172024-10-22Shri Dineshananda Goswami (DIN: 09394294) ceased to be Chairperson of the Committee w.e.f. 22.10.2024 consequent to his resignationRisk Management Committee09747776ARUN KUMAR SINGHExecutive DirectorChairperson2024-12-17Shri Arun Kumar Singh (DIN: 09747776) was appointed as Member of the Committee w.e.f. 10.11.2022 and was Re-designated as Chairperson upon reconstitution of Committee w.e.f. 17.12.2024Risk Management Committee10239667KRISHNA GOPAL AGARWALExecutive DirectorMember2023-08-01Risk Management Committee09470640LIKHA TOGUNon-Executive - Independent DirectorMember2022-01-31Corporate Social Responsibility Committee01838521LAXMAN TAMMANNA TAPASHINon-Executive - Independent DirectorChairperson2021-11-102024-11-09Mr. Laxman Tammanna Tapashi (DIN: 01838521) ceased to be Chairperson of the Committee w.e.f. 09.11.2024 consequent to completion of tenureCorporate Social Responsibility Committee10090267DEEPAK TRIPATHIExecutive DirectorMember2023-08-01Corporate Social Responsibility Committee10239667KRISHNA GOPAL AGARWALExecutive DirectorMember2023-08-01Corporate Social Responsibility Committee07083410SHAILENDRA SINGHNon-Executive - Nominee DirectorMember2024-05-28Corporate Social Responsibility Committee09470640LIKHA TOGUNon-Executive - Independent DirectorChairperson2024-12-17Shri Likha Togu (DIN: 09470640) was appointed as Chairperson of the Committee upon reconstitution of Committee w.e.f. 17.12.2024Other Committee09747776ARUN KUMAR SINGHProject Investment CommitteeExecutive DirectorChairpersonOther Committee10090267DEEPAK TRIPATHIProject Investment CommitteeExecutive DirectorMemberOther Committee09394545GODAWARI MISHRAProject Investment CommitteeNon-Executive - Independent DirectorMemberMrs. Godawari Mishra (DIN: 09394545) ceased to be member of the Committee w.e.f. 09.11.2024 consequent to completion of tenure.Other Committee09394294DINESHANANDA GOSWAMIProject Investment CommitteeNon-Executive - Independent DirectorMemberShri Dineshananda Goswami (DIN: 09394294) ceased to be member of the Committee w.e.f. 22.10.2024 consequent to his resignation.2024-07-31true101042024-11-0697true9932024-12-2649true771Audit Committee2024-07-31true3320Audit Committee2024-11-0697true3320Audit Committee2024-12-2649true3310Nomination and remuneration committee2024-07-30true3320Nomination and remuneration committee2024-11-0597true3320Stakeholders Relationship Committee2024-07-30true4420Stakeholders Relationship Committee2024-11-0597true4420Corporate Social Responsibility Committee2024-07-30true4410Corporate Social Responsibility Committee2024-11-0597true4410Risk Management Committee2024-10-03true4420Other Committee2024-07-30Project Investment Committeetrue4420falsefalsefalsetrueYestruetruetrueAshok MishraCompany Secretary and Compliance OfficerfalseAshok MishraCompany Secretary and Compliance OfficerGurugram2025-02-121010-1Deputy Commissioner of Income TaxPenalty proceeding U/s 270A for the AY2020-21 vide order dated 30.03.2023 imposed. Immunity sought U/s 270AA was rejected and penalty imposed of Rs.1,45,19,100.002023-03-30Disallowance of claim on a/c of “Health & Education Cess” of Rs. 8,69,82,436.00. RITES asked for immunity U/s 270AA and filed Form No.68 to which department rejected and now RITES has filed appeal before CIT(A) on 14.04.2023.Rs. 1.45 croreChief commissioner, CGST, HaryanaService Tax demand including interest and penalty on Execution of Civil, Electrical and Mechanical Works by RITES for setting up of Wagon manufacturing factory at SGW, Kulti2023-03-29Service Tax(including interest and penalty as applicable) w.r.t. works Contract Service provided by RITES to M/s SAIL-RITES Bengal Wagon Industry Private Limited (“M/s SRWIPL”) and no Service Tax was charged as the same was exempted Under Notification No.25/2012 dated 20.06.2016. RITES has filed an appeal before CESTAT, Chandigarh.Rs. 3.64 croreChief commissioner, CGST, HaryanaDemand was for 50% of the Service Tax payable on the contract executed by the contractor- M/s Shyam Tekniki Udyog for Railway Siding Work under ‘partial reverse charge.2019-01-15The matter is related to deposit work of DVC/NTPC, the financial burden in terms of ST (including interest/penalty) involved and legal cost will be from client account. There shall be no cost on RITES. RITES has filed an appeal before CESTAT, Chandigarh.NILChief commissioner, CGST, HaryanaDemand was for 50% of the Service Tax payable on the contract executed by the contractor- M/s GVR-ENC(JV) for Railway Siding Work.2018-03-15The matter is relating to deposit work of MPGCL, the financial burden in terms of ST (including interest/penalty) involved and legal cost will be from the client account. There shall be no cost on RITES. RITES has filed an appeal before CESTAT, Chandigarh.NILJoint commissioner, SGST, Uttar PradeshDemand of GST related to Input Tax Credit2024-08-13Demand of GST related to Input Tax Credit disallowed by department for the year 2019-20 due to mismatch with annual return. Penalty of Rs. 4 lacs was imposed by department. As per Govt notification, penalty has been waived by Govt for the year 2019-20. Appeal has been filed against the orderNILSenior Joint commissioner, SGST, West BengalDemand of GST related to short deposit of tax and Input Tax Credit2024-07-29Demand of GST related to short supply of GST and Input Tax Credit disallowed by department for the year 2018-19 . Penalty of Rs 5.52 lacs was imposed by department. As per Govt notification, penalty has been waived by Govt for the year 2018-19. Appeal has been filed against the orderNILCommissioner, SGST, GujaratDemand of GST related to Input Tax Credit2024-08-31Demand of GST related to Input Tax Credit disallowed by department for the year 2019-20. Penalty of Rs. 1.965 Crore was imposed by department. As per Govt notification, penalty has been waived by Govt for the year 2019-20. Appeal has been filed against the orderNILAdditional commissioner CGST(Appeals)Demand related to Cenvat Credit reporting error in Service Tax Return related to Tran 12024-12-10Demand related to Cenvat Credit reporting error in Service Tax Return. During the Quarter, Appellant Authority had dismissed the appeal vide order dt 10.12.2024. Appeal will be filed agiinst the order with GSTAT as soon as it is formed and start functioning.Rs. 50.62 lacs BSE LimitedFine2024-11-21BSE Limited vide their e-mail dated November 21, 2024 have levied fine of Rs. 5,42,800/- (incl. GST) on the Company for the non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 i.e. half of the Board was not independent, for the quarter ended September 30, 2024.The fine imposed on the Company by BSE Limited has no impact on the financial, operation or other activities of the Company. On attaining compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 upon appointment of the requisite number of Directors by MoR, the Company will be eligible for the waiver of fines as per the SEBI's policy for exemption of fines. It may be noted that in earlier instances of non-compliance, BSE had already waived off fine imposed on the Company upon attaining the requisite compliances.National Stock Exchange of India LimitedFine2024-11-21 National Stock Exchange of India Limited vide their letter dated November 21, 2024 have levied fine of Rs. 5,42,800/- (incl. GST) on the Company for the non-compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 i.e. half of the Board was not independent, for the quarter ended September 30, 2024.The fine imposed on the Company by National Stock Exchange of India Limited has no impact on the financial, operation or other activities of the Company. On attaining compliance with Regulation 17(1) of SEBI (LODR) Regulations, 2015 upon appointment of the requisite number of Directors by MoR, the Company will be eligible for the waiver of fines as per the SEBI's policy for exemption of fines. It may be noted that in earlier instances of non-compliance, National Stock Exchange of India Limited had already waived off fine imposed on the Company upon attaining the requisite compliances.Income Tax Appellate Tribunal2021-05-17Department has gone to HC against the orderNo hearing date is fixed.Income Tax Appellate Tribunal2021-03-02Department has gone to HC against the orderNo hearing date is fixed.Joint Commissioner of Income Tax2019-12-30Appeal has been filed and hearing is yet to be startedNo hearing date is fixed.Joint Commissioner of Income Tax2019-12-30Appeal has been filed and hearing is yet to be startedNo hearing date is fixed.Deputy Commissioner of Income Tax2023-03-30Appeal has been filed and hearing is yet to be startedNo hearing date is fixed.Additional commissioner Commercial Tax, Andhra Pradesh2020-09-22Appeal has ben filed with APVAT Appellate TribunalNo hearing date is fixed.West Bengal Taxation Tribunal, West Bengal2023-08-11The VAT case appeal was filled for the FY 2015-16No hearing date is fixed.West Bengal Taxation Tribunal, West Bengal2024-09-05The VAT case appeal was filled for the FY 2016-17No hearing date is fixed. Only exchange of affidavite is done.Chief commissioner, CGST, Haryana2023-03-29Appeal has been filed and hearing is yet to be startedOrder is pending as on dateChief commissioner, CGST, Haryana2019-01-15Appeal has been filed and hearing is yet to be startedOrder is pending as on dateChief commissioner, CGST, Haryana2018-03-15Appeal has been filed and hearing is yet to be startedOrder is pending as on dateSupritendent, CGST, Rajasthan2024-01-24Appeal has been filed and order is pendingOrder is pending as on dateAssistant commissioner, CGST, Rajasthan2024-09-20Appeal has been filed and order is pendingOrder is pending as on dateJoint commissioner, SGST, Uttar Pradesh2024-08-13Appeal has been filed and order is pendingOrder is pending as on dateSenior Joint commissioner, SGST, West Bengal2024-07-29Appeal is filled before GST Tribunal, West Bengal against Assessment order passed by assessing officerNo hearing date is fixed.Commissioner, SGST, Gujarat2024-08-31Appeal has been filed and order is pendingOrder is pending as on dateAdditional commissioner CGST(Appeals)2024-12-10Appellant Authority had dismissed the appeal of Tran 1Company is now in the process of filing of an appeal against the order with GSTAT as soon as it is formed and start functioning