General Updates

SEC-1/187(2)/2026/2930 Dated: July 18, 2026 ए(cid:411)च(cid:336)ज (cid:600)ाजा, बां(cid:363)ा कु ला(cid:330) कॉ(cid:817)(cid:600)े(cid:411), पहली मंिजल, फीरोज जीजीभोय टावस(cid:330) (cid:304)(cid:716)पकोड—RECLTD (cid:304)(cid:716)पकोड—532955 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1st Floor, PhirozeJeejeebhoy Towers Bandra (East), Mumbai – 400 051. Dalal Street, Fort, Mumbai – 400 001. Scrip Code—RECLTD Scrip Code—532955 Sub: Intimation of incorporation of subsidiary companies. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the following two subsidiary companies have been incorporated as Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (“RECPDCL”- a Wholly Owned Subsidiary of REC Limited): 1) Beed Parli Power Transmission Limited (CIN: U42202DL2026GOI468625) 2) Yavatmal Power Transmission Limited (CIN: U42202DL2026GOI468643) The said companies are also subsidiary companies of REC Limited, in terms of the provisions of Section 2(87) of the Companies Act, 2013. The other requisite details are attached herewith as Annexure-1. Thanking you, Yours faithfully, For REC Limited (Dinesh Garg) Company Secretary & Compliance Officer Encl.: As above. Annexure -1 Incorporation of Wholly Owned Subsidiary Companies Sl. Particulars Beed Parli Power Transmission Limited Yavatmal Power Transmission Limited 1. Name of the target entity, Name: Beed Parli Power Transmission Limited Name: Yavatmal Power Transmission Limited details in brief such as size, Authorized Capital: ₹5,00,000/- Authorized Capital: ₹5,00,000/- turnover etc. Paid up Capital: ₹5,00,000/- Paid up Capital: ₹5,00,000/- Turnover: Not Applicable (It is a newly incorporated Turnover: Not Applicable (It is a newly incorporated Company and is yet to commence its business). Company and is yet to commence its business). Government of Maharashtra, vide its Gazette Government of Maharashtra, vide its Gazette Notification dated February 27, 2026 had allocated one Notification dated February 27, 2026 had allocated one intra-state transmission project, wherein REC Power intra-state transmission project, wherein REC Power Development and Consultancy Limited (RECPDCL) Development and Consultancy Limited (RECPDCL) has been appointed to act as Bid Process Coordinator has been appointed to act as Bid Process Coordinator (BPC) for the purpose of Establishment of 765 kV AIS (BPC) for the purpose of Establishment of 400 kV AIS Parli (District – Beed). Yavatmal (Babhulgaon) (Dist.– Yavatmal). In view of the above, Beed Parli Power Transmission In view of the above, Yavatmal Power Transmission Limited has been incorporated on July 17, 2026. After Limited has been incorporated on July 18, 2026. After selection of the successful bidder in accordance with the selection of the successful bidder in accordance with the Tariff Based Competitive Bidding (TBCB) guidelines, Tariff Based Competitive Bidding (TBCB) guidelines, said company would be transferred to the successful said company would be transferred to the successful bidder along with all assets & liabilities. bidder along with all assets & liabilities 2. Whether the acquisition would Beed Parli Power Transmission Limited is a Wholly Yavatmal Power Transmission Limited is a Wholly fall within related party Owned Subsidiary of RECPDCL, therefore it is a Owned Subsidiary of RECPDCL, therefore it is a transaction(s) and whether the related party of the REC Limited. related party of the REC Limited. promoter/ promoter group/ group companies have any The Promoter, promoter group/group companies do The Promoter, promoter group/ group companies do interest in the entity being not have any interest in Beed Parli Power Transmission not have any interest in Beed Parli Power Transmission acquired? Limited except to the extent of its shareholding. Limited except to the extent of its shareholding. If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3. Industry to which the entity Power Sector Power Sector being acquired belongs 4. Objects and effects of The Company has been incorporated for Establishment The Company has been incorporated for Establishment acquisition (including but not of 765 kV AIS Parli (District – Beed). of 400 kV AIS Yavatmal (Babhulgaon) (Dist. – limited to, disclosure of reasons Yavatmal). for acquisition of target entity, if its business is outside the main line of business of the listed entity) 5. Brief details of any Incorporated pursuant to Gazette Notification dated Incorporated pursuant to Gazette Notification dated governmental or regulatory February 27, 2026 issued by Government of February 27, 2026 issued by Government of approvals required for the Maharashtra, wherein RECPDCL has been nominated Maharashtra, wherein RECPDCL has been nominated acquisition as BPC. as BPC. 6. Indicative time period for Not Applicable Not Applicable completion of the acquisition 7. Nature of consideration - 100% subscription to the equity share capital in cash. 100% subscription to the equity share capital in cash. whether cash consideration or share swap and details of the same 8. Cost of acquisition or the price 100% subscription to the equity share at face value. 100% subscription to the equity share at face value. at which the shares are acquired 9. Percentage of shareholding / 100% 100% control acquired and / or number of shares acquired 10. Brief background about the RECPDCL inter-alia acts as the “BPC” for selection of RECPDCL inter-alia acts as the “BPC” for selection of entity acquired in terms of Transmission Service Provider through TBCB process, Transmission Service Provider through TBCB process, products/line of business for independent inter-state and intra-state transmission for independent inter-state and intra-state transmission acquired, date of incorporation, project assigned by the Ministry of Power and State project assigned by the Ministry of Power and State history of last 3 years turnover, Governments from time to time. Governments from time to time. country in which the acquired entity has presence and any other significant information (in brief) *****