Intimation of reciept of No Objection Certificate from the Reserve Bank of India in relation to proposed scheme of merger.

SEC-1/187(2)/2026/3062 Dated: October 15, 2026 ए(cid:411)च(cid:336)ज (cid:600)ाजा, बां(cid:363)ा कु ला(cid:330) कॉ(cid:817)(cid:600)े(cid:411), पहली मंिजल, फीरोज जीजीभोय टावस(cid:330) (cid:304)(cid:716)प कोड—RECLTD (cid:304)(cid:716)प कोड—532955 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1st Floor, Phiroze Jeejeebhoy Towers Bandra (East), Mumbai – 400 051. Dalal Street, Fort, Mumbai – 400 001. Scrip Code—RECLTD Scrip Code—532955 Sub: Intimation of receipt of No Objection Certificate from the Reserve Bank of India (“RBI”) in relation to proposed scheme of merger of REC Limited (“Company” or “Transferor Company”) with and into Power Finance Corporation Limited (“Transferee Company”) and their respective shareholders and creditors under sections 230-232 and other applicable provisions of the Companies Act, 2013 (“Scheme”) - Disclosure under Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). This is with reference to our letter dated June 28, 2026, wherein we had informed about the decision of the respective Board of Directors of the Transferor Company and Transferee Company approving the Scheme, subject to receipt of applicable regulatory and other approvals. In this regard, we wish to inform you that the Company has received No Objection Certificate from RBI on October 15, 2026, subject to the instructions/conditions specified therein. The Scheme shall remain subject to such other statutory and regulatory approvals and fulfilment of such other conditions to the effectiveness of the Scheme, including the approval of the respective shareholders and creditors of the companies involved in the Scheme, as may be required in accordance with the applicable laws and the provisions of the Scheme. Thanking you, Yours faithfully, For REC Limited (Dinesh Garg) Company Secretary & Compliance Officer