Proceedings of 57th AGM of REC Limited.

REC Limited I 3nrt~1 fFlflt.z.$ 3ffi~m ('I'fffif ~ <liT "\['Ii ~ m1'f)/(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, 3ffiIfl!o ~, 3ffif <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 L40101DL1969GOI005095 I GST No.: 06AAACR4512R3Z3 SEC-I / 187(2)/2026/ Dated: August 25,2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, pI Floor, Phiroze Jeejeebhoy Towers Bandra (East, Mumbai - 400051. Dalal Street, Fort, Mumbai - 400001. Scri Code-RECLTD Scri Code-532955 Sub: Proceedings of 57th Annual General Meeting ("AGM") ofREC Limited ("REC" / "the Company") held on Tuesday, August 25,2026. The 57tb AGM ofREC was held on Tuesday, August 25,2026 at 11:00 AM through Video Conferencing / Other Audio-Visual Means. As per the requirement of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("Listing Regulations") the proceedings of the 57tb AGM of the Company are enclosed herewith at Annexure-I. The results of the matters that were put to vote, as required under Regulation 44(3) of the Listing Regulations will be submitted separately. 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-1 PROCEEDINGS OF THE 57th ANNUAL GENERAL MEETING OF REC LIMITED HELD ON TUESDAY, AUGUST 25, 2026 AT 11:00 A.M. (IST) THROUGH VIDEO CONFERENCING / OTHER AUDIO VISUAL MEANS. The 57th Annual General Meeting (“AGM”) of REC Limited (“REC”/ “the Company”) was held on Tuesday, August 25, 2026 at 11:00 A.M. (IST) through Video Conferencing / Other Audio Visual Means (“VC”/“OAVM”), in accordance with the provisions of the Companies Act, 2013 read with the Rules made thereunder, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the relevant Circulars issued in this regard by the Ministry of Corporate Affairs (“MCA”). Following Directors were present: 1. Shri Jitendra Srivastava, Chairman & Managing Director (Chairman of the Meeting) 2. Shri Thangarajan Subash Chandira Bosh, Director (Projects) 3. Shri Rajesh Kumar, Director (Finance) 4. Shri Shashank Misra, Government Nominee Director 5. Shri Rajesh Kumar Agarwal, Nominee Director of Power Finance Corporation Limited (“PFC”) 6. Dr. Anil Kumar Gupta, Independent Director and Chairperson of the Audit Committee 7. Dr. K. Ghayathri Devi, Independent Director and Chairperson of the Nomination & Remuneration Committee 8. Smt. Poonam Chauhan, Independent Director and Chairperson of the Stakeholders Relationship Committee Shri Dinesh Garg, Company Secretary & Compliance Officer was also in attendance. Further, representatives of Statutory Auditors (i.e. M/s. Kailash Chand Jain & Co. and M/s. SCV & Co. LLP) were present in the meeting. Further, Shri Sachin Agarwal from M/s. Agarwal S. & Associates, Secretarial Auditors, was also present in the meeting. Shri Manish Kumar Agarwal, representative of PFC, the holding company of REC, had also joined the meeting. In addition to the same, 168 other shareholders have also attended the AGM through VC/OAVM. In terms of Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the proceedings of 57th AGM of REC were as under: I. At the outset, the Company Secretary welcomed the shareholders of the Company to the 57th AGM being held virtually. He apprised the shareholders about general instructions for attending the AGM through VC/OAVM and e-voting thereat. He also introduced the Chairman, other Directors and representative of PFC present in the meeting. He added that statutory registers and other documents referred to in the Notice of AGM are available for inspection. He further added that the requisite quorum for the meeting is present. Thereafter, he requested the Chairman to conduct the proceedings of AGM. II. Shri Jitendra Srivastava took the Chair and welcomed all the shareholders and other dignitaries present in the meeting. The requisite quorum being present, the Chairman Page 1 of 4 called the meeting to order. The Chairman stated that all feasible efforts have been made by the Company, to enable the shareholders to join the AGM through VC/OAVM and cast their vote on the proposed resolutions. Thereafter, the Chairman addressed the shareholders and made a speech inter-alia covering the India’s Powerful Growth Energy Trajectory, Financial Performance, Fund Mobilization, Risk Management, Renewables & Non-Fossil Push, ESG Excellence, MoU Rating & Awards, India’s Energy Transition through Mission-Driven Governance & Innovation, People & Culture, CSR Leadership, Lighting the way to a Viksit Bharat, Merger of REC into PFC. III. Thereafter, the Chairman has released the 3rd ESG report of REC for the financial year 2025-26, which is available on the website of the Company at https://recindia.com/uploads/files/co-esg-Final-ESG-Report-15082026.pdf IV. The Chairman asked the Company Secretary to read the Notice of AGM and Auditor’s Report. V. The Company Secretary informed that the Notice of the 57th AGM has been sent to all shareholders and holders of listed non-convertible securities by e-mail whose Email Ids are registered in the records of the depository participants or RTA of the Company. Further, for those shareholders and holders of listed non-convertible securities who have not registered their E-mail Ids with depository participants or RTA, a letter containing website link and QR code for accessing Annual Report, has also been sent. He mentioned that the Statutory Auditors have audited the standalone and consolidated financial statements of the Company for the financial year 2025-26 and they have given their report without any qualification, reservation, adverse remark or disclaimer. Further, the Comptroller & Auditor General of India had also given ‘Nil’ comments on the audited (standalone & consolidated) financial statements of the Company for the financial year 2025-26. VI. The Company Secretary further informed that the Secretarial Auditors, in their Secretarial Audit Report for the financial year 2025-26, have observed that for certain period during the financial year 2025-26, the composition of Board and some committees thereof did not comprise of requisite number of Independent Directors. VII. In this regard, the Company Secretary informed that REC is a Government Company and as per its Articles of Association, the power to appoint directors vests with the President of India, acting through Ministry of Power and the Company has no role in the appointment of directors on its Board and the detailed management response to the observations of secretarial auditor is stated in the Annual Report. VIII. Thereafter, the Company Secretary read the items of Ordinary and Special Business contained in the Notice of the 57th AGM, as detailed below: Item Particulars Type of No. Resolution ORDINARY BUSINESS 1. To receive, consider, approve and adopt the audited Ordinary standalone & consolidated financial statements of the Resolution Company for the financial year ended March 31, 2026 along with the reports of the Board of Directors, Auditors and the Page 2 of 4 comments of the Comptroller & Auditor General of India thereon. 2. To take note of the payment of 1st, 2nd, 3rd and 4th interim Ordinary dividends and declare final dividend on equ [Showing first 8,000 characters — download PDF for full document]