REC Merger & Restructuring Worth ₹8.06 Cr
REC Limited completed the sale of its subsidiary, Mekhali Power Transmission Limited, to Dilip Buildcon Limited for ₹8.06 Crore. The cash transaction finalized on May 30, 2026.
- Value
- ₹8.06 Cr
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103 announcements
REC Limited completed the sale of its subsidiary, Mekhali Power Transmission Limited, to Dilip Buildcon Limited for ₹8.06 Crore. The cash transaction finalized on May 30, 2026.
REC Limited sold its subsidiary, Hampapura Power Transmission Limited, to Resonia Limited for ₹8.61 Crore. The cash transaction involves a non-related party and was executed at arm's length.
REC Limited's subsidiary transferred two project-specific SPVs to successful bidders for ₹16.67 Crore. These entities are no longer subsidiaries of the company.
REC Limited confirmed a ₹108.34 Crore timely interest payment for NCD Series 168. The payment ensures continued compliance with SEBI listing obligations and debt commitments.
REC Limited appointed Mohammed Azaz Ali as Chief Compliance Officer following Hemant Kumar's tenure completion. Ali brings extensive electronics and finance expertise to the role.
REC Limited's board approved a proposal to merge into Power Finance Corporation Limited. The board also appointed Mohammed Azaz Ali as Chief Compliance Officer.
REC Limited appointed Mr. Mohammed Azaz Ali as Chief Compliance Officer effective May 17, 2026. The move strengthens the company's internal corporate governance and regulatory oversight.
REC Limited successfully paid ₹96.54 Crore in interest for its NCD Series 178. This timely payment demonstrates the company's robust liquidity and financial stability.
REC Limited scheduled a board meeting for May 16, 2026, to discuss merging with Power Finance Corporation. Trading window remains closed until further notice.
REC Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report details regulatory adherence and past board composition observations.
REC Limited confirmed timely interest payment of ₹282.37 Crore for NCD Series 197. The payment fulfills regulatory compliance under SEBI Listing Obligations.
REC Limited incorporated three new wholly-owned transmission subsidiaries with a combined capital of ₹0.15 Crore. These entities will manage interstate power transmission projects.
REC Limited has appointed Shri Rajesh Kumar Agarwal as a Nominee Director of Power Finance Corporation (PFC) effective May 1, 2026. The appointment follows a nomination by the Ministry of Power. Shri Agarwal currently serves as Director (Finance) at PFC and possesses over 31 years of experience in the power and financial sectors.
REC Limited announced the cessation of Mr. Rajiv Ranjan Jha (Nominee Director) and Ms. Saraswathi (Executive Director) effective May 1, 2026. Both departures are due to superannuation. These changes represent routine leadership transitions at the board and senior management levels.
REC Limited announced the cessation of Smt. Saraswathi as Executive Director effective May 1, 2026, following her superannuation. This transition in senior management is part of routine retirement cycles and is disclosed under SEBI listing regulations.
REC Limited announced that Shri Rajiv Ranjan Jha, Nominee Director of Power Finance Corporation (PFC), ceased to be a Director effective May 1, 2026. This follow's his superannuation from PFC on April 30, 2026. The change is part of routine board turnover following retirement from the nominating entity.
REC Limited has successfully made timely interest payments for eight NCD series and completed the full redemption of Series 223-A (₹3,000 Crore) on April 30, 2026. The total payout, including interest across all series and the principal redemption, exceeds ₹4,270 Crore, demonstrating strong liquidity and commitment to debt obligations.
REC Limited confirmed the timely payment of interest and principal for several NCD series, totalling ₹3,138.83 Crore. The payments, due in April 2026, include interest for series 232-B, 240-B, 241, 222-PDI, 231-A, 246, 248-B, and full redemption of series 223-A. This confirms the company's adherence to debt servicing obligations.
REC Limited disclosed updated details for its Compliance Officer and Registrar and Share Transfer Agents (RTA) for 20 listed Non-Convertible Debenture (NCD) series. The total outstanding amount across these NCDs is ₹8,603.95 Crore as of March 31, 2026. This filing ensures regulatory compliance with SEBI Listing Obligations and Disclosure Requirements.
REC Limited filed a centralized database update for its outstanding private placement debt securities. The filing covers various series of NCDs and bonds as of March 31, 2026, in compliance with SEBI's centralized database norms for corporate bonds.
REC Limited reported its audited financial results for FY 2025-26 and recommended a final dividend of ₹1.55 per share. Total dividend for the year stands at ₹18.55 per share. Standalone net profit for the year reached ₹16,282.26 Crore, while consolidated net profit hit ₹16,308.17 Crore, reflecting robust annual performance.
REC Limited confirmed the full utilization of ₹5,835 Crore raised through private placement of non-convertible securities. The company reported zero deviation or variation in the use of proceeds for the quarter ended March 31, 2024, as per SEBI regulations.
REC Limited's Board of Directors has recommended a final dividend of ₹1.55 per equity share for the financial year 2025-26. The record date and general meeting date for shareholder approval will be finalized and announced later.
REC Limited's board has recommended a final dividend of ₹1.55 per equity share for the financial year 2025-26. The record date and AGM date for shareholder approval will be announced later. This distribution reflects the company's commitment to returning capital to shareholders following its board meeting on April 28, 2026.
REC Limited's Board has recommended a final dividend of ₹1.55 per equity share for the financial year 2025-26. The record date and general meeting date for shareholder approval will be fixed later. This follows the board meeting held on April 28, 2026.
REC Limited reported the full utilization of ₹5,835 Crore raised through private placements of non-convertible securities. The company confirmed no deviations or variations from the objects stated in the issue documents for the quarter ended March 31, 2024.
REC Limited approved its audited standalone and consolidated financial results for FY26. The Board recommended a final dividend of ₹1.55 per share, bringing the total FY26 dividend to ₹18.55 per share. Consolidated net profit for the year stood at ₹16,308.17 Crore on total income of ₹59,628.35 Crore.
REC Ltd reported revenue from operations of ₹14,564 Cr (-5.0% YoY) and net profit of ₹3,375 Cr (-21.7% YoY) for Q4 FY26.
REC Limited reported an audited consolidated net profit of ₹16,308.17 Crore for FY2025-26. The board recommended a final dividend of ₹1.55 per share, bringing the total dividend for the year to ₹18.55 per equity share.
REC Limited has scheduled a Board Meeting for April 28, 2026, to approve audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The board will also consider a recommendation for a final dividend. Trading window closure is in effect from April 1 until April 30, 2026.