General Updates

amlm REC Limited I 3llrl~T f~f'q.zs ('lffif ~ "" ~ ~ \1EfII)/ (A Government of India Enterprise) Regd. Office: Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi -110003 Corporate Office: Plot No. 1-4, Near IFFGO Ghowk Metro Station, ~~,31'RI~~ Sector-29 , Gurugram - 122001 (Haryana) Endless energy. Infinite possibilities. Tel: +91 124 444 1300 I Website: www.recindia.nic.in A MAHARATNA COMPANY GIN L40101DL 1969GOI005095 I GST No.: 06AAACR4512R3Z3 Dated: September 26,2026 SEC-I/I87(2)/2026/3t)~2- Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1 Floor, Phiroze Jeejeebhoy Towers Bandra (East), Mumbai - 400051. Dalal Street, Fort, Mumbai - 400001. Scri Code-RECLTD Scri Code-532955 Sub: Intimation of sale and transfer of project specific SPY /Subsidiary. JO"ll:i'IC'(Q / JOOIQIC'(QI 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 Ranipur Chunar Power Transmission Limited, comprising of 50,000 equity shares, held by RECPDCL, has been transferred along with all its assets and liabilities on September 26, 2026 to the successful bidder selected through tariffbased competitive bidding process. Hence, with effect from the aforesaid date, the above project specific Spy / subsidiary is not the subsidiary ofRECPDCL & 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, Oehradun, 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-! Details of sale and transfer of Subsidiary SI. Particulars Details The amount and percentage of the turnover or revenue or income and net worth contributed l. Negligible by such unit or division of the listed entity during the last financial year. Date on which the agreement for sale has The Share Purchase Agreement (SPA) has been executed been entered into. between RECPDCL & successful bidder on September 26, 2026. The expected date of completion of sale/ disposal. Consideration compnses of acquisition pnce of Consideration received from such ~1,88,49,228/- (including taxes) which is inclusive of sale/ disposal. professional fee and reimbursement of expenses. Name of SPY: Ranipur Chunar Power Transmission Limited Brief details of buyer and whether the buyers Name of Successful Bidder: H G Infra Engineering belong to the promoter/ promoter 5. Limited group/ group compames. 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 related 6. related party transactions? If yes, whether the party transaction. 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 incl uding compliance with regulation 37 A of LODR Regulations. The proposal for sale and transfer of Ranipur Chunar 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. *****