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.
The appointment of a nominee director is a standard corporate governance procedure and is unlikely to have a significant impact on the company's operations or financial performance.
The announcement is a routine update regarding a board appointment and does not contain any information that would positively or negatively impact the company's outlook.
REC Limited has announced a change in its Board of Directors with the nomination of Shri Rajesh Kumar Agarwal as a Nominee Director.
This appointment is effective from May 1, 2026, and was conveyed by the Ministry of Power, Government of India, via an Office Order dated May 6, 2026. Shri Rajesh Kumar Agarwal, who currently serves as Director (Finance) at Power Finance Corporation Limited (PFC), will represent PFC on REC's Board.
Shri Agarwal brings over 31 years of experience in the Power and Financial sectors. He holds a Bachelor’s degree in Commerce (Honours) and is a Member of the Institute of Cost Accountants of India. His career at PFC since 2009 includes extensive experience in corporate accounts, taxation, fund management, banking, lending policy compliance, restructured asset management, fund raising, and loan disbursement. He has also been involved in digital reforms and financial reporting excellence. Prior to PFC, he gained significant experience at other power sector companies like NTPC, NPCIL, and DTL, handling core finance functions, tariff matters, and PPA negotiations.
Shri Rajesh Kumar Agarwal has declared that he is not debarred from holding the office of Director by any SEBI order or other relevant authority. There are no disclosed relationships between Shri Agarwal and other directors of REC Limited.
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REC Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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