REC Limited Director Cessation: Rajiv Ranjan Jha Steps Down Following PFC Superannuation
REC Limited has officially notified stock exchanges about the cessation of Nominee Director Shri Rajiv Ranjan Jha, effective May 1, 2026. The change follows his superannuation from Power Finance Corporation Limited services on April 30, 2026, with the company maintaining full regulatory compliance under SEBI disclosure requirements.
*this image is generated using AI for illustrative purposes only.
REC Limited has announced a change in its Board of Directors following the cessation of a nominee director's position. The company informed stock exchanges about this development through an official communication dated May 1, 2026.
Director Cessation Details
Shri Rajiv Ranjan Jha, who served as a Nominee Director on REC's Board, has ceased to be a Director effective May 1, 2026. The cessation follows his superannuation from Power Finance Corporation Limited (PFC) services on April 30, 2026.
| Parameter: | Details |
|---|---|
| Director Name: | Shri Rajiv Ranjan Jha |
| DIN: | 03523954 |
| Position: | Nominee Director (PFC) |
| Superannuation Date: | April 30, 2026 |
| Cessation Effective Date: | May 1, 2026 |
| Document Reference: | SEC-1/187(2)/2026/2819 |
Regulatory Compliance
The intimation was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. REC communicated this board change to both the National Stock Exchange of India Limited and BSE Limited simultaneously.
The official communication was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited, on May 1, 2026. The document was digitally signed at 11:28:33 +05'30' and assigned reference number SEC-1/187(2)/2026/2819.
Stock Exchange Communication
The formal notification was addressed to both major Indian stock exchanges with specific scrip codes mentioned for each platform:
| Exchange: | Details |
|---|---|
| NSE Scrip Code: | RECLTD |
| BSE Scrip Code: | 532955 |
| Communication Date: | May 1, 2026 |
| Filing Authority: | Company Secretary & Compliance Officer |
Background Context
Jha's position on REC's Board was linked to his role at Power Finance Corporation Limited, which had nominated him as a director. His cessation from REC's Board directly correlates with his superannuation from PFC services, maintaining the alignment between his corporate responsibilities and board positions. The transition reflects standard corporate governance practices when nominee directors complete their tenure at nominating organizations.
Historical Stock Returns for REC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.60% | +1.40% | -10.69% | -6.79% | -16.66% | +215.15% |
Will Power Finance Corporation nominate a replacement director to REC's Board following Jha's departure?
How might this board composition change impact REC's strategic decision-making and governance structure?
Could this director transition signal broader leadership changes within the power sector financing ecosystem?
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