General Updates

3WlW REC Limited I ~ltl~1 fFJf-q~s REC ("ffffi' ffi<I>R <PI '01> ~ \ffi>I)/(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, mftfirn ~, ~ "I''WATll. Sector-29 , Gurugram - 122001 (Haryana) Endless energy. Infinite possibilities. Tel: +91 124 444 1300 I Website: www.recindia.nic.in A MAHARATNA COMPANY CIN L40101DL1969GOI005095 I GST No.: 06AAACR4512R3Z3 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1st Floor, PhirozeJeejeebhoy Towers Bandra East), 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 of 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 D Power Transmission Limited (CIN: U42202DL2026GOI471850) 2) Bikaner V Part e Power Transmission Limited (CIN: U42202DL2026GOI471854) 3) YEIDA Power Transmission Limited (eIN: U42202DL2026GOI471859) 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 Enc!.: 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 -1 Incorporation of three Wholly Owned Subsidiary namely Bikaner V Part D Power Transmission Limited, Bikaner V Part C Power Transmission Limited and YEIDA Power Transmission Limited SI. Particulars Bikaner V Part D Power I Bikaner V Part C Power I YEIDA Power Transmission No. Transmission Limited Transmission Limited Limited 1. N arne of the target entity, Name: Bikaner V Part D Power I Name: Bikaner V Part C Power Name: YEIDA Power Transmission details in brief such as size, Transmission Limited Transmission Limited Limited turnover etc. Authorized Capital: ~5,00,000/­ Authorized Capital: ~5,00,000/- Authorized Capital: ~5,00,000/­ Paid up Capital: <5,00,000/ Paid up Capital: <5,00,000/ Paid up Capital: <5,00,000/ 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 is yet to commence its business). yet to commence its business). yet to commence its business). Ministry of Power, Government of Ministry of Power, Government of U.P. Power Transmission India vide Gazette Notification dated India vide Gazette Notification dated Corporation Limited vide its Letter June 19, 2026 had allocated inter June 19, 2026 had allocated inter- dated August 10, 2026 had allocated state transmission project, wherein state transmission project, wherein intra-state transmission project, REC Power Development and REC Power Development and wherein REC Power Development Consultancy Limited (RECPDCL) Consultancy Limited (RECPDCL) and Consultancy Limited has been appointed to act as Bid has been appointed to act as Bid (RECPDCL) has been appointed to Process Coordinator (BPC) for the Process Coordinator (BPC) for the act as Bid Process Coordinator purpose of Transmission scheme for purpose of Transmission scheme for (BPC) for the purpose of evacuation of power as part of evacuation of power as part of Construction of 400/220 kV, 3x500 Rajasthan REZ Ph-IV (Part-6: 6GW) Rajasthan REZ Ph-IV (Part-6: 6GW) MYA GIS substation Sector-28 (Bikaner Complex) (Bikaner V: (Bikaner Complex) (Bikaner V: Yeida (Gautambudh Nagar) with 6GW)- Part D. 6GW)- Part C. associated lines/bays. In view of the above, Bikaner V Part In view of the above, Bikaner V Part In view of the above, YEIDA Power D Power Transmission Limited has C Power Transmission Limited has Transmission Limited has been been incorporated on October 23, been incorporated on October 23, incorporated on October 23, 2026. 2026. After selection of the 2026. After selection of the successful After selection of the successful successful bidder in accordance with bidder in accordance with the Tariff bidder in accordance with the Tariff the Tariff Based Competitive Bidding Based Competitive Bidding (TBCB) Based Competitive Bidding (TBCB) (TBCB) _~idelines, said cOIIlI'<iPY guidelines, said COrn~a}lY_ Fould be guidelines, said company would be would be transferred to the successful transferred to the successful bidder transferred to the successful bidder bidder along with all assets & along with all assets & liabilities. along with all assets & liabilities. liabilities. 2. Whether the acqUIsItion Bikaner V Part D Power Bikaner V Part C Power YEIDA 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, therefore whether the promoter / therefore it is a related party of the therefore it is a related party of the it is a related party of the REC promoter group/ group REC Limited. REC Limited. Limited. companies have any interest in the entity being acquired? The Promoter, promoter group/ The Promoter, promoter group/ The Promoter, promoter group/ group companies do not have any group companies do not have any group companies do not have any If yes, nature of interest and interest in Bikaner V Part D Power interest in Bikaner V Part C Power interest in YEIDA Power details thereof and whether Transmission Limited except to the Transmission Limited except to the Transmission Limited except to the the same is done at "arm's extent of its shareholding. extent of its shareholding. extent of its shareholding. length" 3. Industry to which the entity Power Sector bein~uired belongs 4. Objects and effects of The Company has been incorporated The Company has been incorporated The Company has been acquisition (including but for Transmission scheme for for Transmission scheme for incorporated for Construction of not limited to, disclosure of evacuation of power as part of evacuation of power as part of 4001220 kV, 3x500 MVA GIS reasons for acquisition of Rajasthan REZ Ph-IV (Part-6: 6GW) Rajasthan REZ Ph-IV (Part-6: 6GW) substation Sector-28 Yeida target entity, if its business is (Bikaner Complex) (Bikaner V: (Bikaner Complex) (Bikaner V: (Gautambudh Nagar) with outside the main line of 6GW)-PartD 6GW)-Part C associated lines/bays. business of the listed entity) 5. Brief details of any Incorporated pursuant to Gazette Notification dated June 19, 2026 issued by Incorporated pursuant to Letter governmental or regulatory Ministry of Power, Government of India wherein RECPDCL has been dated August 10, 2026 issued by approvals required for the nominated as BPC. U.P. Power Transmission acquisition Corporation Limited wherein 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 'J;/'5 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 shareholding 100% / control acquired and / or number of shares acquired 10. Brief background about [Showing first 8,000 characters — download PDF for full document]