General Updates

Pti3tRvm REC Limited I 3lTrl~T f~f~~s ('lmJ miIm "" '1'1' 'It<ffi'! """,}/ (A Government of India Enterprise) W REC Regd. Office: CorEK, SCOPE Complex. 7. Lodhi Road. New Delhi -110003 Corporate Office: Plot No. 1-4, Near IFFCO Chowk Metro Station, mitM n , 3FRI <i'lT'RTl( Sector-29 , Gurugram - 122001 (Haryana ) Endless energy. Infinite possibilities. Tel: +91 124 444 1300 I Website: www.recindia.nic.in A MAHARATNA COMPANY CIN L40101DL1969GOI005095 I GST No.: 06AAACR4512R3Z3 SEC-1I187(2)12026130ID Dated: September 9, 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 ast, Mumbai - 400 051. Dalal Street, Fort, Mumbai - 400001. Scri Cod.e-RECLTD Scri Code-532955 Sub: Intimation of sale and transfer of project specific SPY I Subsidiary. Ji(?'W'1 I Ji(?'I~ql Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that after receipt of necessary consideration by REC Power Development and Consultancy Limited ("RECPDCL" -a wholly owned subsidiary of REC Limited), the entire shareholding of Musalgaon Power Transmission Limited, comprising of 50,000 equity shares, held by RECPDCL, has been transferred along with all its assets and liabilities on September 9, 2026 to the successful bidder selected through tariff based competitive bidding process. Hence, with effect from the aforesaid date, the above project specific SPY Isubsidiary is not the subsidiary ofRECPDCL & REC Limited. The other requisite details are attached herewith as Annexure-I. Thanking you, Yours faithfully, For REC Limited Encl.: As Above Regional Offices: Bengaluru, Bhopal, Bhubaneswar, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata Lucknow, Mumbai, Panch kula, Patna, Raipur, Ranchi, Shillong, Shimla, Thiruvananthapuram & Vijaywada State Offices : Vadodara, Varanasi Training Centre : REC Institute of Power Management & Training (RECIPMT), Hyderabad Annexure-l Details of sale and transfer of Subsidiary S1. Particulars Details The amount and percentage of the turnover or revenue or income and net l. worth contributed by such unit or division Negligible of the listed entity during the last financial year. Date on which the agreement for sale has The Share Purchase Agreement (SPA) has been been entered into. executed between RECPDCL & successful bidder on September 9, 2026. The expected date of completion of sale! disposal. . .. Consideration compnses of acqulSluon price of Consideration received from such n ,20,89,930!- (including taxes) which is inclusive of 4. sale! disposal. professional fee and reimbursement of expenses. Name of SPY: Musalgaon Power Transmission Limited Brief details of buyer and whether the Name of Successful Bidder: Maharashtra State buyers belong to the promoter! promoter 5. Electricity Transmission Company Limited group!group companies. If yes, details thereof. It is pertinent to mention that the successful Bidder mentioned above, does not belong to Promoter and Promoter group. Whether the transaction would fall within The transaction does not fall within the purview of 6. related party transactions? If yes, whether related party transaction. the same is done at "arm's length". Whether the sale, lease or disposal of the undertaking IS outside Scheme of 7. Arrangement? If yes, details of the same Not Applicable including compliance with regulation 37 A ofLODR Regulations. The proposal for sale and transfer of Mus alga on Power Transmission Limited, to the successful bidder as per details given in Point no. 5 above is not in the nature of slump sale. Whether the transaction is in the nature of Slump Sale. Further, the consideration for sale & transfer of SPY is determined in accordance with the Guidelines issued from time to time by the Ministry of Power, Government of India. *****