General Updates

l W REC Limited 3n'{~~1 fFff'q~s 3ffi REC ("'JT'ffi mqrn iI>T '01> ~ ~)/(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, wi\fqo ~, i>1-R! -,:j~ Secto r-29 , Gurugram - 1220 01 (Harya na ) Endless energy. Infinite possibilities Tel: +91 124 444 1300 I Website: www.recindia.nic.in A MAHARATNA COMPANY CIN : L40101 DL 1969GOI005095 I GST No.: 06AAACR4512R3Z3 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, pt Floor, Phiroze Jeejeebhoy Towers Bandra ast , Mumbai - 400 051. Dalal Street, Fort, Mumbai - 400001. Scri Code-RECLTD Scri Code-532955 Sub: Intimation of sale and transfer of project specific SPYs /Subsidiaries. s:j ~ £l/"'s:j?f?"t-::~IT T£lTTI , 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 two subsidiaries, comprising of 50,000 equity shares of each subsidiary, held by RECPDCL, have been transferred along with all its assets and liabilities on June 30, 2026 to the successful bidders selected through tariff based competitive bidding process, as per the details given below: SI. No. N arne of the Subsidiary N arne of the successful bidder 1. WR ER Part A Power Power Grid Corporation ofIndia Limited Transmission Limited 2. WR ER Part C Power H G Infra Engineering Limited Transmission Limited Hence, with effect from ·the aforesaid date, the above project specific SPVs/subsidiaries are not the subsidiaries of RECPDCL & 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. No. Particulars WR ER Part A Power Transmission Limited WR ER Part C Power Transmission Limited The amount and percentage of the turnover or revenue or mcome and net worth 1. Negligible contributed by such unit or division of the listed entity during the last fmancial year. Date on which the agreement for sale has The Share Purchase Agreement (SPA) has been The Share Purchase Agreement (SPA) has been been entered into. executed between RECPDCL & successful bidder on executed between RECPDCL & successful bidder on June 30, 2026. June 30, 2026. The expected date of completion of sale!d isposal. Consideration compnses of acquisition pnce of Consideration compnses of acquisition pnce of Consideration received from such n8,61,68,233!- (including taxes) which is inclusive of ~11,92,59,679!- (including taxes) which is inclusive of sale! disposal. professional fee and reimbursement of expenses. professional fee and reimbursement of expenses. Name of SPY: WR ER Part A Power Transmission Name of SPY: WR ER Part C Power Transmission Limited Limited Brief details of buyer and whether the buyers Name of Successful Bidder: Power Grid Corporation Name of Successful Bidder: H G Infra Engineering belong to the promoter! promoter 5. of India Limited Limited group! group companies. If yes, details thereof. It is pertinent to mention that the successful Bidder It is pertinent to mention that the successful Bidder mentioned above, does not belong to Promoter and mentioned above, does not belong to Promoter and Promoter group. Promoter group. Whether the transaction would fall within 6. related party transactions? If yes, whether the The transaction does not fall within the purview of related 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 including compliance with regulation 37 A of LODR Regulations. The proposal for sale and transfer of WR ER Part A The proposal for sale and transfer of WR ER Part C Power Transmission Limited, to the successful bidder Power Transmission Limited, to the successful bidder as per details given in Point no. 5 above is not in the as per details given in Point no. 5 above is not in the nature of slump sale. nature of slump sale. Whether the transaction is in the nature of Slump Sale. Further, the consideration for sale & transfer of SPY is Further, the consideration for sale & transfer of Spy is determined in accordance with the Guidelines issued determined in accordance with the Guidelines issued from time to time by the Ministry of Power, from time to time by the Ministry of Power, Government of India. Government ofIndia. *****