$RITES

RITES Ltd – Approves formation of UAE-based joint venture Board approved formation of a Joint Venture with NICC Infrastructure Construction LLC JV will be structured as a Limited Liability Company (LLC) in the United Arab Emirates (UAE) Company to participate through capital investment in the proposed JV Further operational and financial details will be disclosed after execution of shareholders’ agreement Impact: Positive as overseas JV expansion enhances international presence and future revenue diversification opportunities