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

REC Limited I 3lT~~~T fFfftl~s (1ffi(f ~ <t>T ~ ~ ~)/(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 .~~, ~"l1'~ Sector-29 , Gu rugram - 122001 (Haryana ) Endless energy. Infinite possibilities. A MAHARATNA COMPANY Tel: +91 1244441300 I Website: www.recindia.nic.in CIN L40101 DL 1969GOI005095 I GST No.: 06AAACR4512R3Z3 Dated: July 29,2026 Listing Department Corporate Relationship Depamnent National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 1st 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. 11 ~>I C\ tj / "T"111r="~' -\-1C \T""Itj"TT1 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 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 July 29, 2026 to the successful bidders selected through tariffbased competitive bidding process, as per the details given below: SI. No. Name of the subsidiary N arne of the successful bidder 1. Bhadla Ramgarh Power Power Grid Corporation of India Transmission Limited Limited 2. Shongtong Power Transmission Terralight Solar Energy Tinwari Private Limited Limited Hence, with effect from the aforesaid date, the above project specific SPY sl 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 Company Secretary & Compliance Officer Ene!.: 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 SI. No. Particulars Bhadla Ram~arh Power Transmission Limited Shonfrton~ Power Transmission Limited The amount and percentage of the turnover or revenue or income and net worth 1. Negligible contributed by such unit or division of the listed entity during the last financial year. 2 Date on which the agreement The Share Purchase Agreement (SPA) has been executed I The Share Purchase Agreement (SPA) has been executed . for sale has been entered into. between RECPDCL & successful bidder on July 29,2026. between RECPDCL & successful bidder on July 29, 2026. The expected date of 3. completion of sale/ disposal. Consideration comprises of acquisition pnce of I Consideration comprises of acquisition price of Consideration received from ~12,85, 79,427 / - (including taxes) which is inclusive of ~20,40,66,599/- (including taxes) which is inclusive of such sale/ disposal. professional fee and reimbursement of expenses. professional fee and reimbursement of expenses. Brief details of buyer and I Name of SPY: Bhadla Ramgarh Power Transmission Name ofSPV: Shongtong Power Transmission Limited whether the buyers belong to Limited the promoter/ promoter Name of Successful Bidder: Terralight Solar Energy group/group companies. If yes, Name of Successful Bidder: Power Grid Corporation of India I Tinwari Private Limited details thereof. Limited It is pertinent to mention that the successful Bidder It is pertinent to mention that the successful Bidder mentioned I mentioned above, does not belong to Promoter and above, does not belong to Promoter and Promoter group. Promoter 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 7. Arrangement? If yes, details of Not Applicable the same including compliance with regulation 37A of LODR Regulations. Whether the transaction is In The proposal for sale and transfer of Bhadla Ramgarh Power The proposal for sale and transfer of Shongtong Power the nature of Slump Sale. Transmission Limited, to the successful bidder as per details Transmission Limited, to the successful bidder as per details given in Point no. 5 above is not in the nature of slump sale. given in Point no. 5 above is not in the 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 of India. time to time by the Ministry of Power, Government of India. ***** 1Ji9