Intimation of sale and transfer of project specific SPVs/Subsidiaries.

awlm I fFfftT-gs REC Limited 3l1{~~1 REC (1lmf <R<I>R <liT 11'1' ~ XlEflI)/(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, :mftfi:rr! ~, *Rl 1i'1T<Rl11, 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-1/187(2)/2026/3b66 Dated: October 12, 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, pI 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 SPYs /Subsidiaries. Ji Q'I ~4 I T1Jir:Q::::'l+-:1~" ""4-rr1 Pursuant to Regulation 30 ofthe 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 October 12, 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. Jam Khambhaliya Jamnagar Ceigall India Limited Power Transmission Limited 2, Lakadia II Power Transmission Power Grid Corporation of India Limited 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 (Dinesh Garg) Company Secretary & Compliance Officer Encl.: As Above Regional Offices: Bengaluru, Bhopal, Bhubaneswar, Ghennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata Lucknow, Mumbai, Panchkula, Patna, Raipur, Ranchi, Shillong, Shimla, Thiruvananthapuram & Vijaywada State Offices : Vadodara, Varanasi Training Centre : REG Institute of Power Management & Training (REGIPMT), Hyderabad Annexure-! Details of sale and transfer of Subsidiary Sl. No. Particulars Jam Khambhaliya Jamnagar Power Transmission Limited Lakadia II Power Transmission Limited The amount and percentage of the turnover or revenue or income 1. and net worth contributed by such Negligible unit or division of the listed entity durinK the last financial year. Date on which the agreement for The Share Purchase Agreement (SPA) has been executed The Share Purchase Agreement (SPA) has been executed sale has been entered into. between RECPDCL & successful bidder on October 12, between RECPDCL & successful bidder on October 12, The expected date of completion 2026. 2026. of sa1e/ disposal. Consideration received from such Consideration compnses of acquisition pnce of Consideration compnses of acquisition pnce of 4. sa1e/ disposal. n8,39,86,174/- (including taxes) which is inclusive of n8,42,62,593/ - (including taxes) which is inclusive of professional fee and reimbursement of expenses. professional fee and reimbursement of expenses. Name of SPY: Jam Khambhaliya Jarnnagar Power N arne of SPY: Lakadia II Power Transmission Limited Transmission Limited Brief details of buyer and whether Name of Successful Bidder: Power Grid Corporation of the buyers belong to the Name of Successful Bidder: Ceigall India Limited India Limited promoter/ promoter 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 Promoter mentioned above, does not belong. to Promoter and Promoter group. group. Whether the transaction would fall within related party 6. The transaction does not fall within the purview of related party transaction. transactions? If yes, whether the same is done at "arm's length". Whether the sale, lease or disposal of the undertaking IS outside Scheme of Arrangement? If yes, 7. Not Applicable details of the same including compliance with regulation 37 A of LODR Regulations. Whether the transaction is in the The proposal for sale and transfer of Jam Khambhaliya The proposal for sale and transfer of Lakadia II Power nature of Slump Sale. Jarnnagar Power Transmission Limited, to the successful Transmission Limited, to the successful bidder as per details bidder as per details given in Point no. 5 above is not in the given in Point no. 5 above is not in the nature of slump sale. 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 from determined in accordance with the Guidelines issued from time to time by the Ministry of Power, Government ofIndia. time to time by the Ministry of Power, Government oflndia.