REC Limited has announced the completion of tenure for two Independent Directors on its Board of Directors. The Maharatna company informed stock exchanges about this significant board composition change through an official communication dated April 17, 2026.

Director Tenure Details

The tenure completion affects two key Independent Directors who served on REC's Board:

Regulatory Compliance and Appointment Background

The appointments were made through official orders from the Ministry of Power, Government of India, dated April 17, 2025. A corrigendum was subsequently issued on May 21, 2025, clarifying the appointment terms. The directors were appointed for a period of one year with effect from the date of notification of their appointment or until further orders, whichever is earlier.

REC has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this board change. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Information

REC Limited operates as a Government of India Enterprise with its registered office located at Core-4, SCOPE Complex, 7, Lodhi Road, New Delhi. The company's corporate office is situated at Plot No. I-4, Near IFFCO Chowk Metro Station, Sector-29, Gurugram, Haryana. As a Maharatna company, REC maintains extensive operations across India with regional offices in multiple cities including Bengaluru, Chennai, Hyderabad, Kolkata, and Mumbai, among others.

The communication was signed by Dinesh Garg, Company Secretary and Compliance Officer, ensuring proper documentation and regulatory compliance for this board composition change.

Rural Electrification Corporation Limited has officially approved the appointment of Shri Rajesh Kumar as Director (Finance) and Chief Financial Officer, following a board meeting held on April 15, 2026.

Board Meeting Outcome

REC Limited 's Board of Directors convened on April 15, 2026, and formally approved Shri Rajesh Kumar's appointment to the dual role of Director (Finance) and Chief Financial Officer. The appointment is effective from April 2, 2026, as per the company's regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Significance

The appointment represents a significant development in REC Limited's executive leadership structure. As Director (Finance) and Chief Financial Officer, Shri Rajesh Kumar will oversee the company's financial operations, strategic financial planning, and finance-related board responsibilities.

Corporate Governance

This leadership appointment demonstrates REC Limited's commitment to maintaining strong financial governance and executive leadership. The company, which operates as a Maharatna enterprise under the Government of India, continues to strengthen its management structure in the power sector financing domain.

The formal board approval and regulatory disclosure underscore the company's adherence to corporate governance standards and transparency requirements for listed entities.