REC Limited

REC Limited

REC Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026.

REC Limited

REC Limited has sold and transferred two subsidiaries, WR ER Part A Power Transmission Limited and WR ER Part C Power Transmission Limited, to successful bidders through a tariff-based competitive bidding process.

REC Limited

REC Limited has announced a change in senior management, with Shri Sahab Shri Bhupesh Shri Pankaj Smt. S. Jayanthi Narain as the new Executive Director of the Company, effective June 28, 2026. The new director holds a Bachelor's degree in Engineering and a Master's degree in Business Administration, and has experience in foreign trade and cyber security.

REC Limited

REC Limited's Board of Directors has approved the Scheme of Merger with Power Finance Corporation Limited, creating a financing entity with an aggregate loan book of over INR 11 lakh crore.

REC Limited

REC Limited's Board of Directors has approved a scheme of merger by absorption of REC into Power Finance Corporation Limited (PFC) on a going concern basis, with PFC issuing consideration shares to REC shareholders in a share exchange ratio of 88 PFC shares for every 100 REC shares. The merger is subject to regulatory and other approvals.

REC Limited

REC Limited has announced the appointment of Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Part-time Non-Official (Independent) Directors to its Board, effective June 22, 2026. These appointments, conveyed by the Ministry of Power, Government of India, are for a term of three months or until further orders. Both directors possess strong profiles, with Dr. Gupta being a distinguished environmentalist and Dr. Devi a medical practitioner with prior public and board experience, including at NTPC Limited. This enhances the company's board oversight and governance structure.

REC Limited

REC Limited announced a disclosure from its promoter, Power Finance Corporation Ltd. (PFC), under Regulation 31(4) of the SEBI Takeover Regulations. PFC declared that it, along with persons acting in concert, has not encumbered (pledged) any shares of REC Limited, directly or indirectly, for the financial year 2025-26. This announcement indicates that the promoter's shareholding in REC remains unpledged, which can be viewed positively by investors as a sign of financial stability and promoter confidence in the company.