Business Update Positive

2026-05-30 17:18

REC Limited's wholly-owned 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. The divestment followed a tariff-based competitive bidding process, leading to the successful monetization of assets.

Governance Neutral

2026-05-17 12:11

REC Limited announced a change in its Senior Management on May 17, 2026. Shri Hemant Kumar ceased to be the Chief Compliance Officer upon completion of his three-year tenure. Concurrently, Mr. Mohammed Azaz Ali, General Manager (Finance) and holding degrees in Electronics Engineering and MBA (Finance), has been appointed as the new Chief Compliance Officer of the company.

Governance Positive

2026-05-16 17:59

REC Limited's Board of Directors met on May 16, 2026, and reserved the proposal for the merger of REC into Power Finance Corporation Limited (PFC). The CMD is authorized to seek approval from the President of India for the merger, which involves the transfer of all REC assets and liabilities to PFC and the dissolution of REC. Additionally, Mr. Mohammed Azaz Ali was appointed as Chief Compliance Officer, effective May 17, 2026.

Business Update Positive

2026-05-09 15:37

REC Limited announced the incorporation of three new wholly-owned subsidiary companies through its subsidiary, REC Power Development and Consultancy Limited (RECPDCL): Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited. These companies are formed to act as Bid Process Coordinators for inter-state transmission projects, including augmentation, and integration of power from renewable energy projects in Gujarat.

Routine Neutral

2026-05-07 15:59

New Filing detected. See link for details.

Governance Neutral

2026-05-01 14:09

REC Limited announced the cessation of Smt. Saraswathi as an Executive Director (one level below Board of Directors) due to superannuation, effective May 1, 2026. This is a routine change in senior management.

Governance Neutral

2026-05-01 11:41

REC Limited informed that Shri Rajiv Ranjan Jha ceased to be a Nominee Director of REC, representing Power Finance Corporation Limited (PFC), 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 15:40

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. They also recommended a final dividend of ₹1.55 per equity share, bringing the total dividend for FY 2025-26 to ₹18.55 per share.

Financials Positive

2026-04-28 15:20

REC's Board approved Audited Standalone and Consolidated Financial Results for Q4 and FY ended March 31, 2026, with an unmodified audit opinion. A final dividend of ₹1.55/share was recommended, bringing the total dividend for FY 2025-26 to ₹18.55/share.

Governance Negative

2026-04-17 15:51

CRITICAL RED FLAG DETECTED

REC Limited intimated that Independent Directors Dr. Gambheer Singh and Dr. (Smt.) Durgesh Nandini completed their one-year tenure and ceased to be Directors effective April 17, 2026, as per a Ministry of Power order.

Governance Neutral

2026-04-15 18:25

The Board of Directors of REC Limited, in its meeting held on April 15, 2026, approved the appointment of Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer (CFO) of the Company, effective April 2, 2026.

Routine Neutral

2026-04-09 23:01

New Filing detected. See link for details.

Governance Neutral

2026-04-07 13:53

REC Limited announced the appointment of Shri Rajiv Ranjan Jha (DIN: 03523954), Director (Projects) at Power Finance Corporation Limited (PFC), as the Nominee Director of PFC on the Board of REC. The appointment is effective from April 6, 2026.

Governance Positive

2026-04-02 18:27

REC Limited announced the appointment of Shri Rajesh Kumar as Director (Finance) for a period of five years, effective April 2, 2026. Shri Jitendra Srivastava, CMD, ceased to hold the additional charge of the post of Director (Finance).

Governance Neutral

2026-04-01 20:07

Shri Manoj Sharma ceased to be a Nominee Director of REC's Board effective April 1, 2026. This change occurred as he superannuated from the services of Power Finance Corporation Limited (PFC), the nominating entity, on March 31, 2026.

Routine Neutral

2026-03-25 19:31

REC Limited announced the closure of its trading window from April 1, 2026, until 48 hours after the Board Meeting approves the financial results for the quarter and financial year ending March 31, 2026, to prevent insider trading.

Business Update Positive

2026-03-25 10:37

REC's Board, in a meeting on March 25, 2026, approved a comprehensive Market Borrowing Programme of ₹1,60,000 crore for the financial year 2026-27. This program encompasses various instruments including domestic bonds, capital gains tax exemption bonds, rupee term loans, external commercial borrowings, short-term loans, and commercial papers.

Governance Negative

2026-03-18 17:23

CRITICAL RED FLAG DETECTED

REC Limited was fined ₹542,800 by NSE and BSE for non-compliance with SEBI (LODR) Regulations on Board composition (failure to appoint Independent Directors/Woman Director) for the quarter ended Dec 31, 2025. The company seeks a waiver, stating director appointments are controlled by the Ministry of Power.

Routine Positive

2026-03-17 17:50

REC Limited declared a 4th interim dividend of 32% (₹3.20 per share) for FY 2025-26. The record date for eligibility is March 20, 2026, with payment on or before April 14, 2026. Additionally, a special window for transfer and dematerialisation of physical securities is open from February 5, 2026, to February 4, 2027.

Financials Positive

2026-03-16 15:04

REC Limited declared a 4th interim dividend of 32% (₹3.20 per equity share) for FY 2025-26. The record date for the dividend is March 20, 2026, with payment scheduled on or before April 14, 2026.

Financials Positive

2026-03-16 15:00

REC Limited's Board of Directors, at its meeting on March 16, 2026, declared a 4th interim dividend of 32% (₹3.20 per equity share) for FY 2025-26. The record date is March 20, 2026, and payment will be made on or before April 14, 2026.

Governance Negative

2026-03-03 12:09

CRITICAL RED FLAG DETECTED

REC Limited informed that Shri Narayanan Thirupathy's tenure as Part-time Non-Official (Independent) Director concluded on March 2, 2026, and he ceased to be a Director with effect from March 3, 2026.

Governance Neutral

2026-03-01 11:39

REC Limited announced the cessation of Shri Dharmendra Nagpal as Executive Director of the Company due to superannuation, effective March 1, 2026. This change is in Senior Management, one level below the Board of Directors.

Business Update Neutral

2026-02-26 22:36

REC Limited's subsidiary, RECPDCL, transferred its entire 50,000 equity shares in Umred Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited for ₹2,34,28,481 on February 26, 2026, following a tariff-based competitive bidding process. Umred Power Transmission Limited is no longer a subsidiary of REC Limited.

Business Update Positive

2026-02-16 16:58

REC Limited's wholly-owned subsidiary, RECPDCL, incorporated Vizag Power Transmission Limited on February 16, 2026. This new subsidiary will facilitate a transmission system for Green Hydrogen/Green Ammonia projects in Vizag, Andhra Pradesh, and will be transferred to a successful bidder post-Tariff Based Competitive Bidding.

Business Update Positive

2026-02-12 17:39

PFC and REC announced a proposed merger, initially approved in principle by their Boards on Feb 6, 2026, following an announcement in the Union Budget 2026. This restructuring aims to achieve greater scale, improve efficiency, strengthen capabilities, and position the merged entity as the largest power sector financer in India.

Business Update Neutral

2026-02-12 16:42

REC Limited's subsidiary, RECPDCL, has completed the sale and transfer of its entire 50,000 equity shares in Bellary Davanagere Power Transmission Limited to Power Grid Corporation of India Limited for ₹13,02,26,267.00 on February 12, 2026, following a tariff-based competitive bidding process.

Routine Neutral

2026-02-11 13:11

New Filing detected. See link for details.

Business Update Positive

2026-02-06 17:16

REC's Board, in its meeting on Feb 6, 2026, granted in-principle approval for the proposed merger with Power Finance Corporation Limited (PFC) to achieve scale and improve efficiency in public sector NBFCs.

Business Update Neutral

2026-02-03 15:53

REC Limited clarified media reports regarding a potential merger with PFC. The company stated it is not engaged in such discussions or negotiations. It referenced a Union Budget announcement proposing to restructure Power Finance Corporation and Rural Electrification Corporation for scale and efficiency, which will be deliberated in the next Board meeting.

Routine Neutral

2026-02-03 11:12

New Filing detected. See link for details.

Governance Negative

2026-02-01 15:23

CRITICAL RED FLAG DETECTED

Shri Harsh Baweja, Director (Finance) and CFO, superannuated from REC Limited on January 31, 2026, ceasing to hold office from February 1, 2026. CMD Shri Jitendra Srivastava was given additional charge of the post for 3 months or until a regular incumbent is appointed.

Financials Positive

2026-01-29 16:26

REC Limited's Board met on Jan 29, 2026, approving Q3 FY26 financial results (ended Dec 31, 2025). The Board declared a 3rd interim dividend of ₹4.60 per share for FY26. The record date is Feb 6, 2026, with payment by Feb 27, 2026.

Financials Positive

2026-01-29 16:23

REC Limited reported Standalone Revenue of ₹14,911Cr (▲5.3% YoY), EBITDA of ₹14,324Cr (▲2.8% YoY), and PAT of ₹4,043Cr (▲0.4% YoY) for Q3 FY26. EBITDA Margin contracted by 239bps to 96.06%. The company declared a 3rd interim dividend of ₹4.60 per equity share.

Routine Neutral

2026-01-29 16:07

New Filing detected. See link for details.

Governance Positive

2026-01-23 15:06

REC Limited announced a Board Meeting on January 29, 2026, to consider the proposal for the declaration of a 3rd Interim Dividend for the financial year 2025-26.

Governance Neutral

2026-01-20 18:41

REC Limited announced that its project specific SPV/subsidiary, Rajgarh III Power Transmission Limited, a wholly owned subsidiary of RECPDCL, has been struck off from the Register of Companies on January 20, 2026, and stands dissolved.

Governance Negative

2026-01-19 18:14

CRITICAL RED FLAG DETECTED

REC Limited reported non-compliance with SEBI Listing Regulations on Board composition (lack of Independent Directors) for Q3 FY2026, incurring fines from stock exchanges. The company stated the appointments are outside its control (vested with Ministry of Power) and requested a waiver of fines.

Ownership Neutral

2026-01-09 17:38

REC Limited announced the sale and transfer of its entire shareholding in two subsidiaries, Velgaon Power Transmission Limited and Jejuri Hinjewadi Power Transmission Limited, on January 9, 2026, for ₹1,06,85,879.00 and ₹1,56,98,191.00 respectively.

Routine Positive

2026-01-08 20:07

REC Limited achieved an 'Excellent' rating in its MoU performance for the financial year 2024-25, awarded by the Department of Public Enterprises. This marks the third consecutive year of 'Excellent' rating.

Governance Neutral

2026-01-07 13:16

REC Limited incorporated a wholly-owned subsidiary, Munak Power Transmission Limited. | Details in Annexure-1.

Routine Neutral

2026-01-06 22:40

REC Limited submits a certificate regarding share dematerialization for the quarter ending Dec 31, 2025. | Routine compliance filing.

RECLTD

REC Limited

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