Governance Negative

2026-08-26 11:36

CRITICAL RED FLAG DETECTED

- REC received notices on August 25, 2026, from NSE & BSE for non-compliance with Board/Committee composition rules for the quarter ended June 30, 2026. - Fines of ₹10,77,340/- each were imposed by NSE & BSE. The company stated director appointments are by the President of India.

Business Update Positive

2026-08-25 23:03

- REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has incorporated two new wholly-owned subsidiary companies: Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited. These companies, incorporated on August 24, 2026, with an authorized capital of ₹5,00,000 each, are for intra-state power transmission projects where RECPDCL acts as Bid Process Coordinator.

Business Update Positive

2026-08-21 20:11

- REC Limited's subsidiary (RECPDCL) transferred its entire shareholding of Luhri Power Transmission Limited, a project-specific SPV, to Terralight Solar Energy Tinwari Private Limited on August 21, 2026. - The consideration for the sale was ₹14,12,61,898/- - Luhri Power Transmission Limited ceases to be a subsidiary of REC.

Business Update Neutral

2026-08-14 18:41

- REC Limited's subsidiary RECPDCL transferred its entire shareholding of Vizag Power Transmission Limited to Adani Energy Solutions Limited for ₹18.66 Crores. - The transfer, including all assets and liabilities, was effective August 14, 2026. - Vizag Power Transmission Limited is no longer a subsidiary.

Governance Neutral

2026-08-04 18:23

- REC Limited announced a change in its Senior Management. - Shri Somya Kant has been promoted to the position of Executive Director of the Company. - The appointment is effective August 3, 2026 (subject to assumption of charge).

Governance Neutral

2026-08-01 22:37

- Shri Sahab Narain ceased as Internal Auditor due to superannuation. - Shri Mukul Agarwal appointed as new Internal Auditor, effective August 1, 2026. - Shri Agarwal is General Manager (Finance & Accounts) at REC and a member of the Institute of Cost Accountants of India.

Routine Neutral

2026-07-30 21:11

New Filing detected. See link for details.

Routine Neutral

2026-07-30 21:02

New Filing detected. See link for details.

Business Update Positive

2026-07-30 17:58

- REC Limited's subsidiary, RECPDCL, transferred its entire shareholding in Ryapte Power Transmission Limited to The Tata Power Company Limited on July 30, 2026.- The consideration received from the sale was ₹10,86,62,034/-.- Ryapte Power Transmission Limited ceases to be a subsidiary of REC Limited.

Business Update Positive

2026-07-30 16:14

- REC Limited's subsidiary incorporated Kukshi Alirajpur Transmission Limited on July 29, 2026. - It's a wholly-owned subsidiary for strengthening intra-state power transmission in Madhya Pradesh, with an Authorized Capital of ₹5,00,000/-. - The entity will eventually be transferred to the successful bidder post-Tariff Based Competitive Bidding (TBCB).

Business Update Positive

2026-07-29 20:21

- REC Limited's subsidiary RECPDCL sold 100% shareholding in two project-specific SPVs: Bhadla Ramgarh Power Transmission Limited and Shongtong Power Transmission Limited. - Bhadla Ramgarh was sold to Power Grid Corporation of India Limited for ₹12.86 Cr (approx). - Shongtong Power was sold to Terralight Solar Energy Tinwari Private Limited for ₹20.41 Cr (approx). - The sale was completed on July 29, 2026, via a tariff-based competitive bidding process.

Financials Positive

2026-07-24 18:40

- REC Limited approved standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27). - Declared a First Interim Dividend of ₹4.25 per equity share for FY 2026-27. - Net Profit for Q1 FY27 was ₹4,149 crore, up 23% from the previous quarter. - Net Worth grew by 15% YoY to ₹91,836 crore as on June 30, 2026. - Capital Adequacy Ratio (CRAR) stands at 23.06% and Stage-3 loan asset ratio reduced to 0.11%.

Financials Neutral

2026-07-24 18:07

- Standalone Operating Revenue ₹14,296.10Cr vs ₹14,725.56Cr (▼2.92% YoY) - Standalone EBITDA ₹13,929.10Cr vs ₹14,580.37Cr (▼4.47% YoY) - Standalone PAT ₹4,149.46Cr vs ₹4,451.02Cr (▼6.78% YoY) - Standalone EBITDA Margin 97.43% vs 99.01% (▼158bps) - Board declared 1st interim dividend of ₹4.25/share for FY27 and fixed record date for final dividend of ₹1.55/share for FY26. - Board approved a draft merger scheme of REC with Power Finance Corporation Limited.

Financials Positive

2026-07-24 17:44

- Standalone Operating Revenue ₹14,296.10 Cr vs ₹14,725.56 Cr (▼2.91% YoY) - EBITDA ₹13,929.09 Cr vs ₹14,580.37 Cr (▼4.47% YoY) - PAT ₹4,149.46 Cr vs ₹4,451.02 Cr (▼6.77% YoY) - EBITDA Margin 97.43% vs 99.01% (▼158bps) - Declared 1st Interim Dividend of ₹4.25 per equity share for FY 2026-27 (Record Date July 31, 2026). - Fixed Record Date August 14, 2026 for final dividend of ₹1.55 per equity share for FY 2025-26. - Board approved Draft Scheme of merger by absorption between Power Finance Corporation Limited (PFC Limited) and REC Limited, effective April 1, 2027, subject to approvals. - Appointed Smt. Poonam Chauhan as Independent Director and Shri Mukul Agarwal as Internal Auditor.

Routine Neutral

2026-07-24 17:27

New Filing detected. See link for details.

Business Update Positive

2026-07-21 20:01

- REC Limited's wholly-owned subsidiary RECPDCL incorporated 'Dharashiv Power Transmission Limited' as a Wholly Owned Subsidiary on July 21, 2026. - This new entity is for the establishment of a 400 kV GIS Solapur/Paranda Switching Station.

Governance Neutral

2026-07-20 19:14

- Smt. Poonam Chauhan has been appointed 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's subsidiary, RECPDCL, incorporated two new wholly-owned subsidiaries: Beed Parli Power Transmission Limited (July 17, 2026) and Yavatmal Power Transmission Limited (July 18, 2026). - These entities are established for 765 kV AIS Parli and 400 kV AIS Yavatmal intra-state transmission projects in Maharashtra. - Both companies have an Authorized and Paid-up Capital of ₹5,00,000/- each and will be transferred to successful bidders after the TBCB process.

Routine Neutral

2026-07-14 19:54

New Filing detected. See link for details.

Routine Neutral

2026-07-14 19:49

New Filing detected. See link for details.

Routine Neutral

2026-07-10 19:28

New Filing detected. See link for details.

Business Update Positive

2026-06-30 22:08

- REC Limited's subsidiary RECPDCL transferred two project-specific SPVs/subsidiaries on June 30, 2026, to successful bidders through a competitive bidding process. - WR ER Part A Power Transmission Limited was sold to Power Grid Corporation of India Limited for ₹18,61,68,233 (including taxes). - WR ER Part C Power Transmission Limited was sold to H G Infra Engineering Limited for ₹11,92,59,679 (including taxes).

Governance Positive

2026-06-29 20:24

- REC Limited announced the promotion of four individuals to the Senior Management position of Executive Director of the Company. - The appointments of Shri Sahab Narain, Shri Bhupesh Chandolia, Shri Pankaj Gupta, and Smt. S. Jayanthi are effective June 28, 2026, subject to assumption of charge.

Business Update Positive

2026-06-28 23:24

- REC Limited and Power Finance Corporation Limited (PFC) Boards approved the merger scheme. - 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.

Business Update Positive

2026-06-28 22:36

- The Board of Directors of REC Limited approved the scheme of merger by absorption of REC Limited into Power Finance Corporation Limited (PFC). - The share exchange ratio for the merger is 88 equity shares of PFC (₹10/- each) for every 100 equity shares of REC (₹10/- each). - The Board also approved the proposal to raise funds up to ₹1,40,000 crore through Private Placement of Unsecured / Secured Non-Convertible Bonds / Debentures, subject to shareholder approval.

Governance Neutral

2026-06-23 18:55

- 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 18:35

- REC Limited's wholly-owned subsidiary, RECPDCL, transferred its entire shareholding in Jalna Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited on June 12, 2026. - The consideration received for the sale and transfer was ₹3,21,57,839/-. - The transferred SPV contributed negligible turnover or net worth to REC Limited.

Business Update Positive

2026-06-10 19:07

- 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, following the Board's earlier decision to reserve the proposal on May 16, 2026.

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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