General Updates

p(lam-lm REC Limited I 3url~1 fFrflt~s ('Iffi! ..,....".. "" '1'1' 'fiITWI """,)/ (A Government of India Enterprise) W REC Regd. Office: Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi -110003 Corporate Office: Plot No. 1-4, Near IFFCO Chowk Metro Station, mi\fi«I ,.-ori, ""'" ";'IT'f'!I1( Sector-29, Gurugram - 122001 (Haryana) Endless energy. Infinite possibilities. Tel: +91 124 444 1300 I Website: www.recindia.nic.in A MAHARATNA COMPANY CIN L40101DL19S9GOI00S09S I GST No.: OSAAACR4S12R3Z3 SEC-1I187(2)12026/3006 Dated: September 7, 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1st Floor, Phiroze Jeejeebhoy Towers Bandra East), Mumbai - 400 051. Dalal Street, Fort, Mumbai - 400001. Scri Code-RECLTD Scri Code-532955 Sub: Press Release - REC Limited Successfully issued India's First Pilot Issue on Tokenized Corporate Bonds under SEBI Regulatory Sandbox Framework. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a Press Release titled REC Limited successfully issued India's First Pilot Issue on Tokenized Corporate Bonds under SEBI Regulatory Sandbox Framework, is attached herewith. Thanking You, Yours faithfully, For REC Limited (Dinesh Garg) Company Secretary & Compliance Officer Regional Offices: Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata Lucknow, Mumbai, Panchkula, Patna, Raipur, Ranchi, Shillong, Shimla, Thiruvananthapuram & Vijaywada State Offices : Vadodara, Varanasi Training Centre : REC Institute of Power Management & Training (RECIPMT), Hyderabad I 3llrl liT ptl3tRlW REC Limited f~ftt~s (1!'ffif ~ <nT i3!l'1l) I (A Government of India Enterprise) a.t REC Regd. Office: Core-4. SCOPE Complex. 7. Lodhi Road. New Delhi -110003 Corporate Office: Plot No. 1-4, Near IFFCO Chowk Metro Station, 3!lftflC<! -...ri, OCR! "fi'l1'All( 5ector-29. Gurugram - 122001 (Haryana) Endless energy. Infinite possibilities. Tel: +91 124 444 1300 I Website: www.recindia.nlc.ln A MAHARATNA COMPANY CIN L40101DL1969GOI005095 I GST No.: 06AAACR4512R3Z3 PRESS RELEASE REC Limited Successfully Issued India's First Pilot Issue on Tokenized Corporate Bonds Under SEBI Regulatory Sandbox Framework NEW DELHI, September 07,2026 - REC, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power and a leading NBFC-IFC, has achieved a landmark milestone in India's capital markets by issuance of India's First Pilot Issue on Tokenized Corporate Bonds under the Securities and Exchange Board of India (SEBI) Regulatory Sandbox Framework. The size of pilot issue was ~500 Crore (base issue of ~100 Crore with a green shoe option of ~400 Crore) and bidding was undertaken at EBP platform of National Stock Exchange of India Limited (NSE). Demonstrating deep investor confidence and enthusiasm for cutting-edge market innovations, the issue received an overwhelming market response from investors, clocking a book building of ~796 Crore (oversubscribed by ~8x). REC has accepted ~500 Crore at a coupon rate of 7.30% per annum for a tenor of 1 year 9 months. The success of this pilot issue reflects the forward-looking vision and coordinated commitment of SEBI, the Reserve Bank of India (RBI), and all participating Market Infrastructure Institutions (Mlls) including NPCI, depositories and stock exchanges. The tokenised mode enabled faster settlement, with pay-in, allotment and listing of the bonds on same day. The bonds are listed on NSE and BSE Limited. Speaking on the milestone, Shri Rajesh Kumar, Director (Finance), REC said: "We express our deepest appreciation to SEBI for its visionary leadership in strengthening India's capital markets through progressive regulations, active stakeholder consultation, and technology-driven reforms. SEBl's continued focus on ease of doing business, improved market efficiency, and faster turnaround of regulatory processes has significantly enhanced the depth and resilience of India's financial markets." This issuance represents a transformative leap forward in India's capital market, introducing atomic Delivery-versus-Payment (DvP) settlement and shared-ledger transparency. "The Demat 2.0 initiative and tokenisation of corporate bonds represent a landmark step in the evolution of India's debt markets. By leveraging digital infrastructure, distributed ledger technology, and CBDC-enabled settlement while preserving existing investor protections and regulatory safeguards, SEBI is laying the foundation for the next generation of capital market infrastructure, " said Shri Rajesh Kumar: Through Demat 2.0, securities ownership is securely recorded and tracked on a permissioned distributed ledger, eliminating settlement risks and operational friction while maintaining statutory safeguards and institutional compliance. Regional Offices: Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata Lucknow, Mumbai, Panchkula, Patna, Raipur, Ranchi, Shillong, Shimla, Thiruvananthapuram & Vijaywada State Office : Vadodara Training Centre : REC Institute of Power Management & Training (RECIPMT), Hyderabad