Intimation of sale and transfer of project specific SPV/Subsidiary.

3WltIT REC Limited I 3lT'{l~l f~f1=f.zs REC ('l'ffiJ m<I>R <!iT ~ ll'"i;1WI mT"I)/(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, milfi:rn ~, 31'RI <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 : L40101DL 1969GOI005095 I GST No.: 06AAACR4512R3Z3 SEC-II 187(2)/20261 30 ~1.1 Dated: September 28,2026 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 I Subsidiary . Pursuant to Regulation 30 of the SEBr (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 Balsane Power Transmission Limited, comprising of 50,000 equity shares, held by RECPDCL, has been transferred along with all its assets and liabilities on September 28, 2026 to the successful bidder selected through tariff based competitive bidding process. Hence, with effect from the aforesaid date, the above project specific SPY I 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 (Dinesli Gargr 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 Sl. Particulars Details The amount and percentage of the turnover or revenue or income and net worth contributed by l. Negligible such unit or division of the listed entity during the last financial year. Date on which the agreement for sale has been The Share Purchase Agreement (SPA) has been executed entered into. between RECPDCL & successful bidder on September 28, 2026. The expected date of completion of sale/ disposal. Consideration compnses of acquisition pnce of Consideration received from such sale/ disposal. ~5,59,19,024/- (including taxes) which is inclusive of professional fee and reimbursement of expenses. Name ofSPV: Balsane Power Transmission Limited Brief details of buyer and whether the buyers Name of Successful Bidder: Resonia Limited 5. belong to the promoter/ promoter 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 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 Arrangement? 7. Not Applicable If yes, details of the same including compliance with regulation 37A of LODR Regulations. The proposal for sale and transfer of Balsane 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 m 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. *****