Business Update Positive

2026-10-12 18:24

REC Limited announced the sale and transfer of two project-specific subsidiaries held by its wholly-owned subsidiary, RECPDCL. - Jam Khambhaliya Jamnagar Power Transmission Limited was transferred to Ceigall India Limited for a consideration of ₹8,39,86,174. - Lakadia II Power Transmission Limited was transferred to Power Grid Corporation of India Limited for a consideration of ₹8,42,62,593. - Both subsidiaries ceased to be subsidiaries of RECPDCL and REC Limited effective October 12, 2026.

Business Update Neutral

2026-10-06 12:57

REC Limited announced that its wholly-owned subsidiary, REC Power Development and Consultancy Limited (RECPDCL), has incorporated three new wholly-owned subsidiary companies: Bikaner V Part A Power Transmission Limited, Bikaner V Part B Power Transmission Limited, and Mirzapur Power Transmission Limited, for power transmission and evacuation projects.

Governance Neutral

2026-09-28 18:32

- REC Limited received letters from NSE and BSE regarding non-compliance with Board and Committee composition requirements for the quarter ended June 30, 2026. - The Board noted the non-compliance and fines in its meeting on September 19, 2026. - The company stated that as a Government entity, appointment of Independent Directors is done by the Ministry of Power, and requested a waiver of the fines.

Business Update Neutral

2026-09-28 17:16

- REC Limited announced the sale and transfer of its project-specific subsidiary, Balsane Power Transmission Limited, held through RECPDCL. - The entire shareholding (50,000 equity shares) was transferred to the successful bidder, Resonia Limited, on September 28, 2026. - Total consideration received is ₹5,59,19,024/- including taxes, professional fees, and expense reimbursements. - The buyer does not belong to the promoter or promoter group.

Business Update Neutral

2026-09-26 15:55

- RECPDCL (wholly owned subsidiary of REC Ltd) has completed the sale and transfer of its entire shareholding (50,000 shares) in Ranipur Chunar Power Transmission Limited. - The SPV has been transferred to the successful bidder, H G Infra Engineering Limited, on September 26, 2026. - Total consideration received is ₹1,88,49,228/- including taxes, professional fees, and expense reimbursements. - The buyer does not belong to the promoter or promoter group and the transaction is not a related party transaction.

Business Update Positive

2026-09-23 18:02

- REC Limited's subsidiary RECPDCL transferred Barmer HVDC Power Transmission Ltd and Sakoli Power Transmission Ltd to Power Grid Corporation and Ashoka Buildcon on September 23, 2026. - Total consideration received is approximately ₹22.03 Crores (₹18.97 Cr + ₹3.06 Cr) through competitive bidding.

Governance Neutral

2026-09-22 13:25

- REC Limited announced the completion of tenure for Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Part-time Non-Official (Independent) Directors. - Their three-month tenure, effective June 22, 2026, ended on September 21, 2026, and they ceased to be directors on September 22, 2026.

Governance Neutral

2026-09-10 18:51

- REC Limited announced the appointment of Ms. Isha Duhan, IAS, as Executive Director. - Her appointment to the senior management (one level below Board of Directors) is effective September 10, 2026.

Business Update Positive

2026-09-09 17:56

- REC Limited's subsidiary, RECPDCL, transferred 100% shareholding of Musalgaon Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited on September 9, 2026. - The consideration received was ₹2,20,89,930/-, following a tariff-based competitive bidding process. - The project-specific SPV is no longer a subsidiary of REC Limited.

Governance Neutral

2026-09-08 19:02

- REC Limited announced the appointment of two firms, M/s. G. S. Mathur & Co. and M/s. S. K. Mehta & Co., as its Statutory Auditors for the financial year 2026-27. This appointment was conveyed by the Comptroller and Auditor General (C&AG) of India.

Ownership Positive

2026-09-08 17:39

- LIC (Life Insurance Corporation of India) increased its shareholding in REC Limited. - Stake increased from 4.993% to 5.031% (0.038% acquisition). - Acquired 9,93,000 shares through market purchase on September 7, 2026.

Business Update Positive

2026-09-07 19:27

- REC Limited successfully issued India's First Pilot Issue of Tokenized Corporate Bonds under SEBI Regulatory Sandbox Framework. - The ₹500 Cr issue, with a 7.30% coupon for 1 year 9 months, was oversubscribed ~8x (₹796 Cr bids). - This landmark innovation brings faster settlement and shared-ledger transparency to India's capital markets.

Business Update Positive

2026-09-07 14:17

- REC Limited's long-term issuer credit rating revised by Japan Credit Rating Agency (JCR). - Rating upgraded to 'A-' with Stable Outlook from 'BBB+' with Stable Outlook.

Governance Neutral

2026-08-27 19:37

- REC Limited's 57th Annual General Meeting (AGM) was held on August 25, 2026, via video conferencing. - All resolutions placed before the shareholders, including the adoption of financial statements for FY 2025-26 and director appointments, were duly approved and passed with the requisite majority.

Governance Negative

2026-08-26 11:33

CRITICAL RED FLAG DETECTED

- REC Limited received notices dated August 25, 2026, from NSE and BSE regarding non-compliance with Listing Regulations concerning the composition of Board of Directors and Committees for the quarter ended June 30, 2026. - Fines of ₹10,77,340/- each were imposed by NSE and BSE. - REC stated that director appointments are vested with the President of India and the company has been requesting the administrative Ministry for the appointment of requisite Independent Directors.

Business Update Positive

2026-08-25 23:17

- REC Limited's subsidiary, RECPDCL, incorporated two new wholly-owned subsidiaries: Vikramshila Power Transmission Limited (for a Bihar project) and Alkud II Power Transmission Limited (for a Maharashtra project) on August 24/25, 2026. - These entities will act as Bid Process Coordinators for intra-state transmission projects and will be transferred to successful bidders after competitive bidding.

Business Update Positive

2026-08-21 20:13

- REC Limited's subsidiary RECPDCL transferred its entire shareholding in Luhri Power Transmission Limited, a project-specific SPV, to Terralight Solar Energy Tinwari Private Limited for ₹14.12 Crores on August 21, 2026. The transaction was a result of a tariff-based competitive bidding process, making Luhri Power Transmission Limited no longer a subsidiary.

Business Update Positive

2026-08-14 18:39

- REC Limited's subsidiary, RECPDCL, transferred its entire shareholding in Vizag Power Transmission Limited to Adani Energy Solutions Limited for ₹18,65,97,011/- on August 14, 2026, after a competitive bidding process.

Governance Neutral

2026-08-04 18:25

- REC Limited announced the promotion of Shri Somya Kant as Executive Director of the Company. - His appointment is effective August 3, 2026, subject to assumption of charge. - Shri Kant has over 35 years of experience in Finance and Accounts.

Governance Neutral

2026-08-01 20:13

- REC Limited announced a change in its Internal Auditor, effective August 1, 2026. - Shri Sahab Narain ceased due to superannuation. - Shri Mukul Agarwal, General Manager (Finance & Accounts) at REC, has been appointed as the new Internal Auditor.

Routine Neutral

2026-07-30 21:19

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:10

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:01

New Filing detected. See link for details.

Business Update Neutral

2026-07-30 18:00

- REC Limited's subsidiary, RECPDCL, sold its entire 100% shareholding in Ryapte Power Transmission Limited to The Tata Power Company Limited for ₹10.87 Cr. - The transfer, completed on July 30, 2026, was via a competitive bidding process. - Ryapte Power Transmission Limited ceases to be a subsidiary.

Business Update Positive

2026-07-30 16:15

- REC Limited incorporated Kukshi Alirajpur Transmission Limited on July 29, 2026, as a wholly-owned subsidiary. - The subsidiary is for strengthening the intra-state transmission system in Kukshi/Alirajpur area, Madhya Pradesh. - It will be transferred to a successful bidder via competitive bidding.

Business Update Positive

2026-07-29 20:31

- REC Limited's wholly-owned subsidiary RECPDCL completed the sale and transfer of two project-specific SPVs/subsidiaries on July 29, 2026.- The subsidiaries sold are Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited.- Successful bidders are Power Grid Corporation of India Limited and Terralight Solar Energy Tinwari Private Limited, respectively.- Total consideration received for both subsidiaries is ₹33,26,46,026/- (including taxes).

Financials Positive

2026-07-24 18:39

- REC Limited announced its Q1 FY27 financial results for the quarter ended June 30, 2026. - The Board declared a First Interim Dividend of ₹4.25 per equity share for FY 2026-27. - Net Profit for the quarter increased to ₹4,149 crore (up 23% sequentially). - Net Interest Income grew to ₹5,212 crore (up 5% sequentially). - Net Worth grew 15% Year-on-Year to ₹91,836 crore, with a Capital Adequacy Ratio of 23.06%.

Business Update Neutral

2026-07-24 18:15

- Board approved Q1 FY27 financial results and the draft scheme of merger of REC Limited into Power Finance Corporation (PFC) Limited. - Declared 1st interim dividend of ₹4.25/share for FY27 and fixed record date for the final dividend of ₹1.55/share for FY26.

Financials Positive

2026-07-24 18:11

- Standalone Operating Revenue ₹14,296.10 Cr vs ₹14,725.56 Cr (▼2.91% YoY) - Standalone EBITDA ₹13,929.09 Cr vs ₹14,580.37 Cr (▼4.47% YoY) - Standalone PAT ₹4,149.46 Cr vs ₹4,451.02 Cr (▼6.77% YoY) - Standalone EBITDA Margin 97.43% vs 99.01% (▼158bps) - Board declared 1st Interim Dividend of ₹4.25/- per equity share for FY 2026-27, with record date July 31, 2026. - Record date of August 14, 2026 fixed for final dividend of ₹1.55/- per equity share for FY 2025-26, subject to AGM approval. - Smt. Poonam Chauhan appointed as Part-time Non-Official (Independent) Director, effective July 21, 2026. - Shri Mukul Agarwal appointed as Internal Auditor, effective August 1, 2026.

Financials Negative

2026-07-24 17:43

- Consolidated Revenue ₹14,469.49Cr vs ₹14,823.98Cr (▼2.4% YoY) - EBITDA ₹14,022.59Cr vs ₹14,607.29Cr (▼4.0% YoY) - PAT ₹4,192.76Cr vs ₹4,465.71Cr (▼6.1% YoY) - EBITDA Margin 96.91% vs 98.54% (▼163bps) - Board declared 1st Interim Dividend of ₹4.25/- per equity share for FY27, with record date July 31, 2026. - Fixed Record Date of August 14, 2026 for final dividend of ₹1.55 per equity share for FY26. - Board approved a Draft Scheme of merger with Power Finance Corporation Limited (PFC), with a share exchange ratio of 88 PFC shares for every 100 REC shares. - Smt. Poonam Chauhan appointed as Independent Director, and Shri Mukul Agarwal as Internal Auditor.

Financials Positive

2026-07-24 17:21

- Board approved unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. - Declared 1st Interim Dividend of ₹4.25 per equity share for FY2026-27. Record date: July 31, 2026. Payment on or before August 23, 2026. - Fixed August 14, 2026, as the record date for final dividend of ₹1.55 per equity share for FY2025-26, payable by September 24, 2026. - Noted the Board's approval of a draft merger scheme by absorption of REC Limited into Power Finance Corporation Limited (PFC Limited) on June 28, 2026, with a share exchange ratio of 88 equity shares of PFC for every 100 equity shares of REC, effective April 1, 2027, subject to approvals. - Appointed Smt. Poonam Chauhan as Part-time Non-Official (Independent) Director and Shri Mukul Agarwal as Internal Auditor.

Business Update Positive

2026-07-21 20:00

- REC Limited's wholly-owned subsidiary RECPDCL incorporated Dharashiv Power Transmission Limited on July 21, 2026. - The new subsidiary is for the establishment of a 400 kV GIS Solapur/Paranda Switching Station project. - It will be transferred to a successful bidder after the Tariff Based Competitive Bidding process.

Governance Positive

2026-07-21 19:08

- Board meeting scheduled for Friday, July 24, 2026. - To consider and approve unaudited financial results (standalone & consolidated) for the quarter ended June 30, 2026. - To consider and declare 1st Interim Dividend for the financial year 2026-27, if any. - Trading window closed since May 14, 2026, and will remain closed until further orders.

Governance Neutral

2026-07-20 19:15

- Appointment of Smt. Poonam Chauhan as Non-Official Independent Director on the Board of REC Limited. - The appointment is for a period of three years, effective from July 20, 2026.

Business Update Positive

2026-07-18 17:53

- REC Limited incorporated two wholly-owned subsidiaries: Beed Parli Power Transmission Limited (July 17, 2026) and Yavatmal Power Transmission Limited (July 18, 2026). - They are established for 765 kV AIS Parli and 400 kV AIS Yavatmal transmission projects, respectively, to be transferred to successful bidders via TBCB.

Routine Neutral

2026-07-14 19:53

New Filing detected. See link for details.

Routine Neutral

2026-07-14 19:50

New Filing detected. See link for details.

Routine Neutral

2026-07-10 19:26

New Filing detected. See link for details.

Business Update Neutral

2026-06-30 22:07

- REC's subsidiary RECPDCL transferred two project SPVs for a total consideration of approximately ₹30.54 Cr. - The SPVs were sold to Power Grid Corporation of India Ltd. and H G Infra Engineering Ltd. on June 30, 2026, via competitive bidding.

Governance Neutral

2026-06-29 20:22

- REC Limited intimates changes in Senior Management. - Shri Sahab Narain, Shri Bhupesh Chandolia, Shri Pankaj Gupta, and Smt. S. Jayanthi have been promoted as Executive Directors of the Company. - The appointments are effective from June 28, 2026, subject to assumption of charge.

Business Update Positive

2026-06-28 23:22

- REC Limited and Power Finance Corporation Limited (PFC) Boards approved the Scheme of Merger of REC into PFC on June 28, 2026. - The merger will create a financing entity with an aggregate loan book exceeding INR 11 lakh crore. - Share exchange ratio: 88 equity shares of PFC for every 100 equity shares of REC. - The scheme is subject to requisite approvals.

Governance Positive

2026-06-28 22:35

- Board approved the merger of REC into Power Finance Corporation (PFC) with a share exchange ratio of 88 PFC shares for every 100 REC shares. - Also approved raising up to ₹1,40,000 Cr via private placement of NCDs/Debentures, subject to shareholder approval.

Governance Neutral

2026-06-23 20:41

- Board meeting scheduled for June 28, 2026, to consider and approve the Scheme of Merger between REC and Power Finance Corporation Limited. - Trading window closed since May 14, 2026, and remains closed until further orders.

Governance Neutral

2026-06-23 18:54

- REC Limited appointed Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayathri Devi as Part-time Non-Official (Independent) Directors. - Appointments are effective from June 22, 2026, for a period of three months or until further orders.

Business Update Neutral

2026-06-12 18:36

- REC Limited's subsidiary, RECPDCL, has transferred its entire shareholding of Jalna Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited. - The transfer was completed on June 12, 2026, for a consideration of ₹3,21,57,839/- (including taxes). - Jalna Power Transmission Limited is no longer a subsidiary of RECPDCL and REC Limited.

Business Update Positive

2026-06-10 19:10

- Presidential approval received for the proposed merger of REC Limited into Power Finance Corporation Limited (PFC). - The Ministry of Power conveyed the approval on June 10, 2026.

Business Update Positive

2026-05-30 17:17

REC Limited, via its subsidiary RECPDCL, completed the sale and transfer of two project-specific SPVs, Hampapura Power Transmission Limited and Mekhali Power Transmission Limited, on May 30, 2026. Hampapura was transferred to Resonia Limited for ₹86.08 Cr, and Mekhali to Dilip Buildcon Limited for ₹80.60 Cr, following a tariff-based competitive bidding process. These transactions monetize assets and streamline operations.

Governance Neutral

2026-05-17 12:10

REC Limited intimated a change in its Senior Management. Shri Hemant Kumar ceased to be the Chief Compliance Officer on May 17, 2026, upon completing his three-year tenure. Concurrently, Mr. Mohammed Azaz Ali, General Manager (Finance), was appointed as the new Chief Compliance Officer, effective May 17, 2026. Mr. Ali holds a Bachelor's degree in Electronics Engineering and a Master's degree in Business Administration (Finance).

Governance Positive

2026-05-16 17:58

The Board of Directors of REC Limited, in a meeting on May 16, 2026, reserved the proposal for the merger of REC into Power Finance Corporation Limited (PFC). The Board authorized the CMD to seek the President of India's approval for the merger, based on a share exchange ratio to be determined by valuers and maintaining the merged entity's status as a Government Company. Additionally, Mr. Mohammed Azaz Ali was appointed as Chief Compliance Officer from May 17, 2026, until June 30, 2028.

Governance Neutral

2026-05-13 20:00

REC Limited announced a Board Meeting on May 16, 2026, to discuss the potential merger of REC and Power Finance Corporation Limited. The trading window for REC's equity shares and other listed securities will be closed from May 14, 2026, until further orders, in accordance with regulatory requirements.

Business Update Positive

2026-05-09 15:41

REC Limited announced the incorporation of three new Wholly Owned Subsidiary companies of its subsidiary RECPDCL: Bhadla Ramgarh Power Transmission, Lakadia II Power Transmission, and Jam Khambhaliya Jamnagar Power Transmission Limited. These subsidiaries, each with ₹5,00,000 paid-up capital, are formed to act as Bid Process Coordinators for inter-state power transmission projects, including augmentation and integrating power from renewable energy projects in Gujarat, supporting new infrastructure development.

Routine Neutral

2026-05-07 16:00

New Filing detected. See link for details.

Governance Neutral

2026-05-01 14:08

REC Limited informed about the cessation of Smt. Saraswathi as Executive Director of the Company, effective May 1, 2026, due to superannuation.

Governance Neutral

2026-05-01 11:36

Shri Rajiv Ranjan Jha, a Nominee Director representing Power Finance Corporation Limited (PFC) on the Board of REC Limited, has ceased to be a Director of REC effective May 1, 2026. This change is due to his superannuation from the services of PFC on April 30, 2026.

Financials Positive

2026-04-28 15:51

REC's Board approved audited standalone & consolidated financial results for Q4 & FY ended March 31, 2026, with an unmodified audit opinion. A final dividend of ₹1.55 per share was recommended, bringing the total dividend for FY2025-26 to ₹18.55 per share.

Financials Positive

2026-04-28 15:29

REC Limited's Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, with an unmodified audit opinion. A final dividend of ₹1.55 per share was recommended, bringing the total dividend for FY2025-26 to ₹18.55 per share.

Financials Positive

2026-04-28 15:20

The Board of Directors approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. A final dividend of ₹1.55/- per equity share was recommended, bringing the total dividend for FY2025-26 to ₹18.55/- per share.

Financials Neutral

2026-04-23 11:56

Board meeting scheduled for April 28, 2026, to consider and approve audited financial results for the quarter and financial year ended March 31, 2026, and to recommend final dividend for FY2025-26. The trading window remains closed from April 1 to April 30, 2026.

532955

REC Ltd

Price Chart

Filing History

Unlock Full History