REC Limited
All news and filings related to REC Limited.
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REC Limited Closes Trading Window Until Further Orders
REC Limited's trading window, closed since May 14, 2026, will remain shut for trading in its equity shares and other listed securities until further orders. Designated persons and their relatives are advised not to trade during this period.
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REC Limited Faces Fines for Board Composition Non-Compliance; Seeks Waiver
REC Limited's Board acknowledged non-compliance in board composition for Q1 FY27 and fines imposed by NSE and BSE. The company is following up with the Ministry of Power to expedite director appointments and has requested a waiver of the fines.
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REC Sells Balsane Power Transmission Subsidiary for ₹5.59 Crore
REC Limited's subsidiary, RECPDCL, sold its entire stake in Balsane Power Transmission Limited for ₹5.59 crore on September 28, 2026. The buyer is Resonia Limited, which is not a promoter group entity. The subsidiary's contribution to REC's financials was negligible.
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REC Sells Ranipur Chunar Power Transmission Subsidiary for ₹1.88 Crore
REC Limited has sold its subsidiary, Ranipur Chunar Power Transmission Limited, for ₹1.88 crore on September 26, 2026. The sale includes all assets and liabilities of the subsidiary. The buyer is H G Infra Engineering Limited. The financial contribution of the subsidiary was negligible.
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REC Sells Two Subsidiaries, Barmer HVDC & Sakoli Power, for ₹22.03 Crore
REC Limited's subsidiary RECPDCL sold Barmer HVDC Power Transmission Ltd. to Power Grid Corp for ₹18.98 crore and Sakoli Power Transmission Ltd. to Ashoka Buildcon for ₹3.06 crore. The total sale consideration is ₹22.03 crore. The subsidiaries are no longer part of REC's group.
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REC Limited: Independent Directors Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayatbri Devi Complete Tenure
REC Limited announced that Dr. Anil Kumar Gupta and Dr. Kanchiappan Ghayatbri Devi have completed their tenure as Independent Directors. Their term ended on September 21, 2026, and they ceased to be directors effective September 22, 2026.
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REC Limited Appoints Ms. Isha Duhan, IAS as Executive Director
REC Limited appointed Ms. Isha Duhan, IAS, as Executive Director, effective September 10, 2026. Ms. Duhan is a 2014 batch IAS Officer with degrees in Biotechnology and Gender Development Studies. She previously served as Managing Director in the Sugar Industries & Cane Development Department.
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REC Limited completes sale of subsidiary Musalgaon Power Transmission Limited
REC Limited, via its subsidiary RECPDCL, sold its entire stake in Musalgaon Power Transmission Limited on September 9, 2026. The sale consideration was ₹20,89,930. The subsidiary's contribution to REC's financials was negligible. The buyer is Maharashtra State Electricity Transmission Company Limited.
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REC Limited Appoints G. S. Mathur & Co. and S. K. Mehta & Co. as Statutory Auditors for FY27
REC Limited has appointed M/s. G. S. Mathur & Co. and M/s. S. K. Mehta & Co. as its Statutory Auditors for the financial year 2026-27. The appointments were confirmed by the Comptroller and Auditor General (C&AG) of India on September 7, 2026.
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REC Limited Issues India's First Tokenized Corporate Bonds Worth ₹500 Crore
REC Limited successfully issued India's first tokenized corporate bonds worth ₹500 Crore under SEBI's Regulatory Sandbox. The issue was oversubscribed by 8x, with a coupon rate of 7.30% for 1 year 9 months. This marks a significant advancement in India's capital markets, enabling faster settlement and enhanced transparency.
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REC Limited's Long-Term Issuer Credit Rating Upgraded to 'A-' by JCR
REC Limited's long-term issuer credit rating has been upgraded by Japan Credit Rating Agency, Ltd. (JCR) to 'A-' with a Stable Outlook, from 'BBB+' with a Stable Outlook. The company received this notification on September 7, 2026.
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REC Limited: All 11 Resolutions Passed at 57th AGM on August 25, 2026
REC Limited's 57th AGM on August 25, 2026, saw all 11 resolutions passed. Key approvals include financial statements for FY26, dividend declaration, and appointments of new directors like Shri Thangarajan Subash Chandira Bosh and Shri Rajesh Kumar. The company also approved the private placement of securities.
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REC Limited fined ₹21.54 Lakh by NSE & BSE for board composition non-compliance
REC Limited was fined ₹10,77,340 by NSE and ₹10,77,340 by BSE for non-compliance with board composition rules. The fines total ₹21.54 lakh for the quarter ended June 30, 2026. The company cited that director appointments are controlled by the Ministry of Power.
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REC Limited Holds 57th AGM on Aug 25, 2026, Discusses Financials and ESG
REC Limited held its 57th AGM on August 25, 2026. The meeting reviewed financial performance, released the 3rd ESG report for FY2025-26, and discussed the PFC merger. Key financial statements and dividend declarations were presented. Shareholders engaged in Q&A on various business aspects.
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REC Incorporates Two New Wholly Owned Subsidiaries for Power Transmission Projects
REC Limited announced the incorporation of two wholly owned subsidiaries, Vikramshila Power Transmission Limited and Alkud II Power Transmission Limited, through its subsidiary RECPDCL. These entities are established for specific power transmission projects in Bihar and Maharashtra, respectively, and will be transferred to successful bidders post selection.
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REC Sells Luhri Power Transmission SPV for ₹12.62 Crore
REC Limited sold its subsidiary, Luhri Power Transmission Limited, for ₹12.62 lakh on August 21, 2026. The sale was to Terralight Solar Energy Tinwari Private Limited. The subsidiary's contribution to REC's financials was negligible.
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REC Sells Vizag Power Transmission; Adani Energy Solutions Acquires
REC Limited sold its subsidiary, Vizag Power Transmission Limited, to Adani Energy Solutions Limited for ₹65,97,011. The transfer was completed on August 14, 2026, with all assets and liabilities included. This makes Vizag Power Transmission no longer a subsidiary of REC.
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REC Limited: Somya Kant Promoted to Executive Director
REC Limited announced the promotion of Shri Somya Kant to Executive Director. The appointment is effective August 3, 2026. Shri Kant possesses over 35 years of experience in Finance and Accounts, including 19 years with REC.
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REC Limited Appoints Mukul Agarwal as Internal Auditor, Replacing Sahab Narain
REC Limited announced a change in its Internal Auditor. Shri Sahab Narain ceased his role due to superannuation on August 1, 2026. Shri Mukul Agarwal has been appointed as the new Internal Auditor. Agarwal is the General Manager (Finance & Accounts) and a Member of the Institute of Cost Accountants of India.
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REC Limited Announces 57th AGM on Aug 25, 2026, with E-voting from Aug 22-24
REC Limited will hold its 57th AGM on August 25, 2026, via VC/OAVM. Remote e-voting is open from August 22 to August 24, 2026. The cut-off date for voting eligibility is August 18, 2026. Members must submit questions by August 11, 2026.
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REC Limited Submits BRSR Report for FY 2025-26
REC Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26. The report details the company's ESG initiatives and performance, with primary business in Financial and Insurance Services. As of FY 2025-26, REC had 1,213 employees and reported a consolidated turnover of ₹59,584 crore.
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REC Limited Announces 57th AGM on August 25, 2026; Annual Report Released
REC Limited will hold its 57th AGM on August 25, 2026. The Annual Report for FY 2025-26 is available. The cut-off date for voting is August 18, 2026, with remote e-voting from August 22-24, 2026. Final dividend payout, if approved, will be within 30 days of the AGM.
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REC Sells Ryapte Power Transmission Subsidiary to Tata Power for ₹86.62 Crore
REC Limited, via its subsidiary RECPDCL, has sold its entire stake in Ryapte Power Transmission Limited to Tata Power Company Limited for ₹86.62 Lakhs. The transfer was completed on July 30, 2026. Ryapte Power Transmission is no longer a subsidiary of REC.
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REC Limited Incorporates Wholly Owned Subsidiary Kukshi Alirajpur Transmission Limited
REC Limited has incorporated a new wholly-owned subsidiary, Kukshi Alirajpur Transmission Limited, on July 29, 2026. The subsidiary, with a paid-up capital of ₹5,00,000, aims to strengthen the intra-state transmission system in the Kukshi/Alirajpur area. This move is part of a project initiated by the Government of Madhya Pradesh.
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REC Sells Two Subsidiaries, Bhadla Ramgarh & Shongtong Power Transmission, on July 29, 2026
REC Limited sold two subsidiaries, Bhadla Ramgarh Power Transmission for ₹20.41 crore and Shongtong Power Transmission for ₹12.86 crore on July 29, 2026. The transactions were completed post tariff-based competitive bidding.
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REC Limited to hold 57th AGM on Aug 25, 2026, via VC; Newspaper publication issued.
REC Limited will convene its 57th AGM on August 25, 2026, via Video Conferencing. E-voting will be open from August 22-24, 2026. A special window for physical share transfer/dematerialisation is open until February 4, 2027.
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REC Limited Announces Financial Results for Q1 FY27 and Dividend Record Dates
REC Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company also set record dates for the first interim dividend of FY27 and final dividend of FY26. The details were published on July 25, 2026.
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REC Declares ₹4.25 Interim Dividend; PAT Jumps 23% to ₹4,149 Crore in Q1 FY27
REC Limited reported a 23% rise in Q1 FY27 net profit to ₹4,149 crore. Net Interest Income grew 5% to ₹5,212 crore. The company declared an interim dividend of ₹4.25 per share. Its loan book reached ₹5.90 lakh crore, with renewable energy assets at ₹78,596 crore.
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REC Limited Declares 1st Interim Dividend of ₹4.25 and Final Dividend of ₹1.55
REC Limited's Board approved Q1 FY27 unaudited financial results. The company declared a 1st interim dividend of ₹4.25 per share for FY27, with a record date of July 31, 2026. A final dividend of ₹1.55 per share for FY26 was also approved, with a record date of August 14, 2026. Smt. Poonam Chauhan was appointed as an Independent Director.
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REC Limited Declares 1st Interim Dividend of ₹4.25 and Final Dividend Record Date Set
REC Limited declared its 1st Interim Dividend of ₹4.25 per share for FY 2026-27, with a record date of July 31, 2026. The record date for the final dividend of ₹1.55 for FY 2025-26 is August 14, 2026. The company also approved its Q1 FY27 financial results.
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REC Limited Incorporates Wholly Owned Subsidiary Dharashiv Power Transmission Limited
REC Limited has incorporated Dharashiv Power Transmission Limited, a wholly owned subsidiary of its subsidiary RECPDCL. The new entity, with a paid-up capital of ₹5,00,000, will focus on establishing a 400 kV GIS Solapur/Paranda Switching Station. The company was incorporated on July 21, 2026.
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REC Limited Appoints Poonam Chauhan as Independent Director for Three Years
REC Limited appointed Poonam Chauhan as Non-Official Independent Director. Her term is for three years, effective from the notification date. The company is completing statutory formalities.
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REC Limited Incorporates Two Wholly Owned Subsidiaries for Power Transmission Projects
REC Limited incorporated two wholly owned subsidiaries: Beed Parli Power Transmission Limited and Yavatmal Power Transmission Limited. Each has an authorized and paid-up capital of ₹5,00,000. These entities are for specific power transmission projects and will be transferred to successful bidders.
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REC Sells Two Subsidiaries for ₹20.54 Crore on June 30, 2026
REC Limited's subsidiary RECPDCL sold two subsidiaries, WR ER Part A and WR ER Part C Power Transmission Limited, on June 30, 2026. Power Grid Corporation of India acquired the first for ₹8.62 crore, and H G Infra Engineering acquired the second for ₹11.93 crore.
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REC Limited Appoints Four New Executive Directors
REC Limited has promoted four senior management personnel to Executive Director positions. Shri Sahab Narain, Shri Bhupesh Chandolia, Shri Pankaj Gupta, and Smt. S. Jayanthi have been appointed, effective June 28, 2026. Their promotions reflect their experience in finance, administration, and engineering.
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REC Limited Board Approves Merger Scheme with Power Finance Corporation
REC Limited's Board approved a merger scheme with Power Finance Corporation (PFC). REC will merge into PFC, creating an entity with over ₹11 lakh crore loan book. REC shareholders will receive 88 PFC shares for every 100 REC shares held.
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REC Limited Board Approves Merger with Power Finance Corporation Limited
REC Limited's Board approved its merger with Power Finance Corporation (PFC). REC shareholders will receive 88 PFC shares for every 100 REC shares. The merger aims to strengthen the entity for power sector reforms. The Board also approved raising up to ₹40,000 crore via NCDs, subject to shareholder approval.
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REC Limited: PFC declares no encumbrance on shares for FY 2025-26
Power Finance Corporation Limited, acting in concert, has declared no encumbrance on REC Limited shares for FY 2025-26. This declaration complies with SEBI Takeover Regulations. The disclosure was made on April 8, 2026.
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REC Sells Jalna Power Transmission Subsidiary for ₹3.21 Crore
REC Limited, through its subsidiary RECPDCL, sold Jalna Power Transmission Limited for ₹3.21 Crore on June 12, 2026. The sale includes all assets and liabilities to Maharashtra State Electricity Transmission Company Limited. The unit's contribution to REC's financials was negligible.
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REC Limited Merger with PFC Approved by President of India
REC Limited's merger with Power Finance Corporation Limited (PFC) has received approval from the President of India. The Ministry of Power conveyed this approval on June 10, 2026, following a board decision to reserve the proposal. This is a key step in the merger process.
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REC Sells Two SPVs for ₹16.67 Crore; Dilip Buildcon and Resonia Limited Emerge as Bidders
REC Limited, through its subsidiary RECPDCL, sold two SPVs, Hampapura Power Transmission and Mekhali Power Transmission, on May 30, 2026. Resonia Limited acquired Hampapura for ₹8.61 crore and Dilip Buildcon Limited acquired Mekhali for ₹8.06 crore. These SPVs are no longer subsidiaries of REC.
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REC Limited Appoints Mohammed Azaz Ali as Chief Compliance Officer
REC Limited appointed Mr. Mohammed Azaz Ali as Chief Compliance Officer, effective May 17, 2026. He replaces Shri Hemant Kumar, who completed his three-year tenure. Mr. Ali holds degrees in Electronics Engineering and Business Administration (Finance).
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REC Limited Board Approves Merger with PFC, Appoints New Chief Compliance Officer
REC Limited's Board has reserved a proposal to merge REC into PFC for approval by the President of India. Mr. Mohammed Azaz Ali has been appointed as the new Chief Compliance Officer, effective May 17, 2026, until June 30, 2028. The merger is subject to valuation and regulatory approvals.
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REC Incorporates Three Wholly Owned Subsidiaries for Power Transmission Projects
REC Limited incorporated three wholly-owned subsidiaries: Bhadla Ramgarh Power Transmission Limited, Lakadia II Power Transmission Limited, and Jam Khambhaliya Jamnagar Power Transmission Limited. Each has an authorized and paid-up capital of ₹5,00,000. These entities are part of inter-state transmission projects allocated by the Ministry of Power.
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REC Limited Appoints Shri Rajesh Kumar Agarwal as Nominee Director
REC Limited appointed Shri Rajesh Kumar Agarwal as a Nominee Director on its Board, effective May 1, 2026. He is currently Director (Finance) at PFC and brings over 31 years of experience in the power and financial sectors.
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REC Limited Announces Change in Senior Management
REC Limited announces a change in senior management. Smt. Saraswathi has ceased her role as Executive Director effective May 1, 2026, upon superannuation. This update is in compliance with SEBI regulations.
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REC Limited: Rajiv Ranjan Jha Ceases to be Director effective May 1, 2026
Shri Rajiv Ranjan Jha has ceased to be a Nominee Director on the Board of REC Limited, effective May 1, 2026. His cessation follows his superannuation from Power Finance Corporation Limited (PFC) on April 30, 2026.
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REC Limited Q4FY26 Net Profit ₹3,362 Crore, Recommends Final Dividend ₹1.55
REC Limited reported a net profit of ₹3,362 crore for Q4FY26 and ₹16,282 crore for FY26. The company's Board recommended a final dividend of ₹1.55 per share, bringing the total dividend for FY26 to ₹18.55 per share.
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REC Limited Board Approves FY26 Audited Results and Recommends Final Dividend of ₹1.55
REC Limited's Board approved audited standalone and consolidated financial results for FY ended March 31, 2026. A final dividend of ₹1.55 per share is recommended, bringing the total FY26 dividend to ₹8.55 per share. The results were approved with an unmodified audit opinion.
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REC Limited Board Approves FY26 Audited Results and Recommends Final Dividend of ₹1.55
REC Limited's Board approved audited financial results for FY26. They recommended a final dividend of ₹1.55 per share, bringing the total FY26 dividend to ₹8.55. The dividend payment will be electronic. The Board meeting concluded on April 28, 2026.
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