Intimation of incorporation of subsidiary company.

REC Limited 3l1'{l~1 f~ftl'2-s 3ffi~m ('Ilff<f ~ <t>f 'l'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, ·wilftlo ~. ::>1-RI'ti'WRTli 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 21 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 - 400 051. Dalal Street, Fort, Mumbai - 400001. 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 Dharashiv Power Transmission Limited (CIN: U42202DL2026GOI468696) has been incorporated as Wholly Owned Subsidiary of REC Power Development and Consultancy Limited ("RECPDCL"- a Wholly Owned Subsidiary ofREC 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 -z..' \ 0 -::f' (DO esh 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 Incorporation of Wholly Owned Subsidiary named "Dharashiv Power Transmission Limited" SI. Particulars Details 1. N arne of the target entity, Name: Dharashiv Power Transmission Limited details in brief such as size, Authorized Capital: ~5,00,0001- turnover etc. Paid up Capital: ~5,00,0001- Turnover: Not Applicable (It is a newly incorporated Company and is yet to commence its business). Government of Maharashtra, vide its Gazette Notification dated February 27, 2026 had allocated one intra-state transmission project, wherein REC Power Development and Consultancy Limited (RECPDCL) has been appointed to act as Bid Process Coordinator (BPC) for the purpose of Establishment of 400 kV GIS Solapur/Paranda Switching Station (Dist. -Dharashiv). In VIew of the above, Dharashiv Power Transmission Limited has been incorporated on July 21, 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 Dharashiv Power Transmission Limited is a Wholly would fall within related Owned Subsidiary of RECPDCL, therefore it is a party transaction(s) and related party of the REC Limited. whether the promoterl promoter group I group The Promoter, promoter group/ group companies do companies have any interest not have any interest m Dharashiv Power in the entity being acquired? Transmission Limited 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 acquisition (including but Establishment of 400 kV GIS Solapur/Paranda not limited to, disclosure of Switching Station (Dist. -Dharashiv). reasons for acquisition of target entity, if its business is outside the mam line of business of the listed entity) 5. Brief details of any Incorporated pursuant to Gazette Notification dated governmental or regulatory February 27, 2026 issued by Government of approvals required for the Maharashtra, wherein RECPDCL has been acquisition 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 100% subscription to the equity share at face value. price at which the shares are acquired 9. Percentage of shareholding 100% I control acquired and I or number of shares acquired 10. Brief background about the RECPDCL inter-alia acts as the "BPC" for selection entity acquired in terms of of Transmission Service Provider through TBCB products I line of business process, for independent inter-state and intra-state acquired, date of transmission project assigned by the Ministry of incorporation, history of last Power and State Governments from time to time. 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) *****