Board commnets on fine levied by the Exchanges.

3ffilm I fFffll'2-s REC Limited 3l1{'t~T ('<IT"«f ~ ~ '<'Ii ~ \'fi'llf)/ (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, ~ ~, 3FRI li'1l<RT1i 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 tember 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 - 400 051. Dalal Street, Fort, Mumbai - 400 001. Scri Code-RECLTD Scri Code-532955 Sub: Board comments on rme levied by the Exchanges -Reg. l1Q'1 ~q/l1 QI~ql, This is with reference to NSE Letter and BSE Email dated August 25, 2026, regarding non-compliance by REC Limited ("REC" / "the Company") with the requirements pertaining to the composition of Board and Committees thereof, during the quarter ended June 30, 2026, as stipulated in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). As advised by the Stock Exchanges, the aforesaid matter of non-compliance was placed before the Board of Directors of the Company in their meeting held on September 19, 2026, wherein the Board noted the position of non-compliance with respect to the composition of the Board and Committees thereof, and the fines imposed by the Stock Exchanges related therewith. In this regard, the Board desired that regular follow-up be made with the appointing authority i.e. Ministry of Power, Government of India, to expedite the process of appointment of requisite number of Independent Directors on the Board ofREC. Further, we would like to submit that, being a Government Company and as per Articles of Association of the Company, inter-alia the power to appoint Independent Directors on the Board of the Company is vested with President of India acting through administrative Ministry i.e. Ministry of Power, Government of India and the Company has no role in the appointment of Directors. Accordingly, the fines so imposed on the Company by the stock exchanges may be waived off. Thanking you, Yours faithfully, For REC Limited End: NSE Letter and BSE Email dated August 25, 2026. 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