Intimation of incorporation of subsidiary company.

REC Limited ~rrl~1 fC1f~~s ('IT"«! ~ <PI 1f'Ii lfl;ffi9 \'ltPI)/ (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, ~~, 31'Pl"!i~ 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 Dated: October 30, 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 - 400 001. Scri Code-RECLTD Scri Code-532955 Sub: Intimation of incorporation of subsidiary company. Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that Zanskar Renewable Energy Limited (CIN: U35105DL2026GOI471951) has been incorporated as Wholly Owned Subsidiary ofREC Power Development and Consultancy Limited ("RECPDCL" a Wholly Owned Subsidiary of REC Limited). The said company is also subsidiary company 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 GarJ 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 -1 Incorporation of Wholly Owned Subsidiary named "Zanskar Renewable Energy Limited" SI. Particulars Details 1. Name of the target entity, Name: Zanskar Renewable Energy Limited details in brief such as size, Authorized Capital: ~5,00,000!- turnover etc. Paid up Capital: ~5,00,000!- Turnover: Not Applicable (It is a newly incorporated Company and is yet to commence its business). Power Development and New & Renewable Energy Department, UT-Ladakh vide its Letter dated September 14, 2026 had allocated the project for the purpose of Development of 140 MWp Solar + 400 MWh BESS Plant at Karsha Village, Zanskar District, UT of Ladakh, wherein REC Power Development and Consultancy Limited (RECPDCL) has been appointed to act as Bid Process Coordinator (BPC). In view of the above, Zanskar Renewable Energy Limited has been incorporated on October 29, 2026. After selection of the successful bidder in accordance with the Tariff Based Competitive Bidding (TBCB) guidelines, said company would be transferred to the successful bidder along with all assets & liabilities. 2. Whether the acquisition would Zanskar Renewable Energy Limited is a Wholly Owned fall within related party Subsidiary of RECPDCL, therefore it is a related party of transaction(s) and whether the the REC Limited. promoter! promoter group! group compames have any The Promoter, promoter group! group companies do not interest ill the entity being have any interest in Zanskar Renewable Energy Limited acquired? except to the extent of its shareholding. If yes, nature of interest and details thereof and whether the same is done at "arm's length" . 3. Industry to which the entity Power Sector being acquired belongs 4. Objects and effects of The Company has been incorporated for Development of acquisition (including but not 140 MWp Solar + 400 MWh BESS Plant at Karsha Village, limited to, disclosure of reasons Zanskar District, UT of Ladakh. for acquisition of target entity, if its business is outside the main line of business of the listed entity) 5. Brief details of any Incorporated pursuant to Letter dated September 14, 2026 governmental or regulatory issued by Power Development and New & Renewable approvals required for the Energy Department, UT-Ladakh wherein RECPDCL has acquisition 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 8. Cost of acquisition or the price 100% subscription to the equity share at face value. at which the shares are acquired 9. Percentage of shareholding / 100% control acquired and / or number of shares acquired 10. Brief background about the RECPDCL inter-alia acts as the "BPC" for selection of entity acquired m terms of Transmission Service Provider through TBCB process, for products Iline of business independent inter-state and intra-state projects assigned by acquired, date of incorporation, the Ministry of Power, State Governments and UTs from history of last 3 years turnover, time to time. country in which the acquired entity has presence and any other significant information (in brief) f:;f *****