General Updates

3m"lm I fRflt'Zs REC Limited 3ur~~T ("'fR(f ~ <I>T ~ ~ ;ro>J)/(A Government of India Enterprise) Regd. Office: Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi -110003 Corporate Office: Plot No. 1-4, Near IFFCO Chowk Metro Station, mftfil<I ~, 3!'R! -.i~ 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 Dated: September 23,2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, pt Floor, Phiroze Jeejeebhoy Towers Bandra East), Mumbai - 400 051. Dalal Street, Fort, Mumbai - 400001. Scri Code-RECLTD Scri Code-532955 Sub: Intimation of sale and transfer of project specific SPYs /Subsidiaries. JO"H.'-'I ~q f li ~')I ~q I 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 two subsidiaries, comprising of 50,000 equity shares of each subsidiary, held by RECPDCL, have been transferred along with all its assets and liabilities on September 23, 2026 to the successful bidders selected through tariff based competitive bidding process, as per the details given below: SI. No. Name of the subsidiary Name of the successful bidder 1. Barmer HVDC Power Power Grid Corporation of India Transmission Limited Limited 2. Sakoli Power Transmission Ashoka Buildcon Limited Limited Hence, with effect from the aforesaid date, the above project specific SPY sf subsidiaries are not the subsidiaries of RECPDCL & REC Limited. The other requisite details are attached herewith as Annexure-I. Thanking you, Yours faithfully, For REC Limited (Dinesh Garg) Company Secretary & Compliance Officer Encl.: As Above 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 Annexure-l Details of sale and transfer of Subsidiary SI. No. Particulars Barmer HYDC Power Transmission Limited Sakoli Power Transmission Limited The amount and percentage of the turnover or revenue or income and 1. net worth contributed by such unit Negligible or division of the listed entity during the last fmancial year. Date on which the agreement for The Share Purchase Agreement (SPA) has been executed The Share Purchase Agreement (SPA) has been executed sale has been entered into. between RECPDCL & successful bidder on September 23, between RECPDCL & successful bidder on September 23, The expected date of completion of 2026. 2026. sale/ disposal. Consideration compnses of acquisition pnce of Consideration compnses of acquisition pnce of Consideration received from such 4. sale/ disposal. ~18,97,52,835/- (including taxes) which is inclusive of ~3,05,84,508/- (including taxes) which is inclusive of professional fee and reimbursement of expenses. professional fee and reimbursement of expenses. Name ofSPV: Barmer HYDC Power Transmission Limited Name of SPV: Sakoli Power Transmission Limited Brief details of buyer and whether Name of Successful Bidder: Power Grid Corporation of Name of Successful Bidder: Ashoka Buildcon Limited the buyers belong to the promoter / India Limited promoter group/group companies. If yes, details thereof. It is pertinent to mention that the successful Bidder It is pertinent to mention that the successful Bidder mentioned above, does not belong to Promoter and Promoter mentioned above, does not belong to Promoter and group. Promoter group. Whether the transaction would fall within related party transactions? 6. The transaction does not fall within the purview of related party transaction. If yes, whether the same is done at "arm's length". Whether the sale, lease or disposal of the undertaking IS outside Scheme of Arrangement? If yes, 7. Not Applicable details of the same including compliance with regulation 37 A of LODR Regulations. The proposal for sale and transfer of Barmer HVDC Power The proposal for sale and transfer of Sakoli Power Transmission Limited, to the successful bidder as per details Transmission Limited, to the successful bidder as per details given in Point no. 5 above is not in the nature of slump sale. 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 Further, the consideration for sale & transfer of SPY is determined in accordance with the Guidelines issued from determined in accordance with the Guidelines issued from time to time by the Ministry of Power, Government ofIndia. time to time by the Ministry of Power, Government ofIndia. *****