Intimation of incorporation of subsidiary companies.

R awvm ~ "F-ii, 3I"'RI "J:j~ Sec lor -2 9 , G u rug ram - 1 220 a 1 (H a r y a n a ) Endless energy InfiMe possIbilities Tel: +91 124 444 1300 I Website: www.recindia.niC.in A MAHARATNA COMPANY CIN L40101OL1969GOI005095 I GST No.: 06AAACR4512R3Z3 SEC-lII872 12026/3046 Dated: October 6 2026 1-fTlT ~'U fcr1-fTlT qs(l'i(1 ~ ~emij'\jj ~ ~ ffjfrle;s ot1~tl{ ffjfrle;s ~em ij'\jj {('fT\jjT, csmn wffi CflY A 08 em , tWfi ~, c61~'I\jj ufu;fi'J.{m m csmn ' Lfllt, , ~('1I(1«lc, -RECLTD -532955 Listing Department Corporate Relationship Department National Stock Exchange ofIndia Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1st Floor, PhirozeJeejeebhoy Towers Bandra ast, Mumbai - 400 051. Dalal Street, Fort, Mumbai - 400001, Scri Code-RECLTD Scri Code-532955 Sub: Intimation of incorporation of subsidiary companies. Pursuant to Regulation 30 read with Schedule III qf the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the following three subsidiary companies have been incorporated as Wholly Owned Subsidiary of REC Power Development and Consultancy Limited ("RECPDCL"- a Wholly Owned Subsidiary ofREC Limited): 1) Bikaner V Part A Power Transmission Limited (CIN: U42202DL2026G0I471297) 2) Bikaner V Part B Power Transmission Limited (CIN: U42202DL2026G0I471295) 3) Mirzapur Power Transmission Limited (CIN: U42202DL2026G0I471294) 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-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, Panch kula, Patna, Raipur. Ranchi, Shillong, Shimla, Thiruvananthapuram & Vijaywada State Offices : Vadodara, Varanasi Training Centre : REC Institute of Power Management& Training (RECIPMT), Hyderabad Annexure-l Incorporation of Three Wholly Owned Subsidiaries namely, Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited and Mirzapur Power Transmission Limited SI. I Particulars Bikaner V Part A Power I Bikaner V Part B Power I Mirzapnr Power Transmission No. Transmission Limited Transmission Limited Limited 1. Name of the target Name: Bikaner V Part A Power I Name: Bikaner V Part B Power Name: Mirzapur Power entity, details in brief Transmission Limited Transmission Limited Transmission Limited such as size, turnover etc. Authorized Capital: ~5,OO,OOO/­ Authorized Capital: ~5,OO,OOO/­ Authorized Capital: ~5,OO,OOO/­ Paid up Capital: ~5,OO,OOO/­ Paid up Capital: ~5,OO,OOO/­ Paid up Capital: ~5,OO,OOO/­ Turnover: Not Applicable (It is a Turnover: Not Applicable (It is a Turnover: Not Applicable (It is a newly incorporated Company and is newly incorporated Company and is newly incorporated Company and yet to commence its business). yet to commence its business). is yet to commence its business). Ministry of Power, Government of Ministry of Power, Government of U.P. Power Transmission India vide Gazette Notification India vide Gazette Notification Corporation Limited, vide its dated June 19, 2026 had allocated dated June 19, 2026 had allocated Letter dated August 10, 2026 had inter-state transmission project, inter-state transnusslOn project, allocated intra-state transmission wherein REC Power Development wherein REC Power Development project, wherein REC Power and Consultancy Limited and Consultancy Limited Development and Consultancy (RECPDCL) has been appointed to (RECPDCL) has been appointed to Limited (RECPDCL) has been act as Bid Process Coordinator act as Bid Process Coordinator appointed to act as Bid Process (BPC) for the purpose of (BPC) for the purpose of Coordinator (BPC) for the Transmission scheme for evacuation Transmission scheme for evacuation purpose of Construction of 765 of power as part of Rajasthan REZ of power as part of Rajasthan REZ kV & 400 kV lines associated with Ph-IV (part-6: 6GW) (Bikaner Ph-IV (Part-6: 6GW) (Bikaner 765/400 kV Mirzapur Pooling Complex) (Bikaner V: 6GW)- Part Complex) (Bikaner V: 6GW)- Part (AIS) Substation. A. B. In view of the above, Mirzapur In view of the above, Bikaner V Part In view of the above, Bikaner V part Power Transmission Limited has A Power Transmission Limited has B Power Transmission Limited has been incorporated on October 5, been incorporated on October 5, been inc~orated on October 5, 2026. After selection of the '/7? 2026. After selection of the 2026. After selection of the successful bidder in accordance successful bidder in accordance with successful bidder in accordance with with the Tariff Based Competitive the Tariff Based Competitive the Tariff Based Competitive Bidding (TBCB) guidelines, said Bidding (TBCB) guidelines, said Bidding (TBCB) guidelines, said company would be transferred to company would be transferred to the company would be transferred to the the successful bidder along with successful bidder along with all successful bidder along with all all assets & liabilities. assets & liabilities. assets & liabilities. 2. Whether the acquisition Bikaner V Part A Power Bikaner V Part B Power Mirzapur Power Transmission would fall within related Transmission Limited is a Wholly Transmission Limited is a Wholly Limited IS a Wholly Owned party transaction(s) and Owned Subsidiary of RECPDCL, Owned Subsidiary of RECPDCL, Subsidiary of RECPDCL, whether the promoter/ therefore it is a related party of the therefore it is a related party of the therefore it is a related party of the promoter group/ group REC Limited. REC Limited. REC Limited. compames have any interest ill the entity The Promoter, promoter group/ The Promoter, promoter group/ The Promoter, promoter group/ being acquired? group companies do not have any group companies do not have any group companies do not have any interest in Bikaner V Part A Power interest in Bikaner V Part B Power interest Mirzapur Power If yes, nature of interest Transmission Limited except to the Transmission Limited except to the Transmission Limited except to and details thereof and extent of its shareholding. extent of its share holding. the extent of its share holding. whether the same is done at "arm's length" 3. Industry to which the Power Sector entity being acquired belongs 4. Objects and effects of Transmission scheme for evacuation Transmission scheme for evacuation The Company has been acquisition (including but of power as part of Rajasthan REZ of power as part of Rajasthan REZ incorporated for Construction of not limited to, disclosure Ph-IV (part-6: 6GW) (Bikaner Ph-IV (part-6: 6GW) (Bikaner 765 kV & 400 kV lines associated of reasons for acquisition Complex) (Bikaner V: 6GW)- Part Complex) (Bikaner V: 6GW)- Part with 765/400 kV Mirzapur of target entity, if its A. B. Pooling (AIS) Substation. business is outside the main line of business of the listed entity) 5. Brief details of any Incorporated pursuant to Gazette Notification dated June 19, 2026 issued Incorporated pursuant to Letter governmental or by Ministry of Power, Government of India wherein RECPDCL has been dated August 10, 2026 issued by regulatory approvals nominated as BPe. U.P. Power Transmission required for the Corporation Limited, wherein acquisition RECPDCL has been nominated as BPC. 6. Indicative time period for Not Applicable completion of the acquisition 7. Nature of consideration - 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 100% subscription to the equity share at face value price at which the shares are acquired 9. Percentage of 100% shareholding / control acquired and / or number of shares acquired 10. Brief background about RECPDCL inter-alia acts as the "BPC" for selection of Transmission Service Provide [Showing first 8,000 characters — download PDF for full document]