General Updates

mrvm REC Limited 3n'{~~1 fc;Jf~'2-s REC ('lffif ~ 'Iff I[iI> l!lnWI \R:Ill}/(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, :m:itfi:ro1Wff, ~'!1'~ Sector-29 , Gurug ram - 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.: 06AMCR4512R3Z3 SEC-l/187(2)/2026/'::> 63 Dated: October 16, 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, pt Floor, Phiroze Jeejeebhoy Towers Bandra (East), Mumbai - 400051. Dalal Street, Fort, Mumbai - 400001. Scri Code-RECLT D Scri Code-532955 Sub: Intimation of sale and transfer of project specific SPY /Subsidiary. 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 Nawada Durgapur Power Transmission Limited, comprising of 50,000 equity shares, held by RECPDCL, has been transferred along with all its assets and liabilities on October 16, 2026 to the successful bidder selected through tariff based competitive bidding process. Hence, with effect from the aforesaid date, the above project specific SPY / subsidiary is not the subsidiary ofRECPDCL & 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, 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 S1. Particulars Details The amount and percentage of the turnover or revenue or income and net worth contributed 1. Negligible by such unit or division of the listed entity during the last financial year. Date on which the agreement for sale has The Share Purchase Agreement (SPA) has been executed been entered into. between RECPDCL & successful bidder on October 16, The expected date of completion of 2026. sale/ disposal. Consideration compnses of acquisition pnce of Consideration received from such 4. sale/ disposal. ~18,44,62,442/- (including taxes) which is inclusive of professional fee and reimbursement of expenses. Name of SPY: Nawada Durgapur Power Transmission Limited Brief details of buyer and whether the buyers Name of Successful Bidder: Shivalaya Construction belong to the promoter/ promoter 5. Limited group/ group compames. If yes, details thereof. It is pertinent to mention that the successful Bidder mentioned above, does not belong to Promoter and Promoter group. Whether the transaction would fall within The transaction does not fall within the purview of related 6. related party transactions? If yes, whether the 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 Nawada Durgapur Power Transmission Limited, to the successful bidder as per details given in Point no. 5 above is not in the nature of slump sale. Whether the transaction is in the nature of Slump Sale. Further, the consideration for sale & transfer of SPY is determined in accordance with the Guidelines issued from time to time by the Ministry of Power, Government of India. *****