REC Limited has formally notified stock exchanges regarding the cessation of Smt. Saraswathi as Executive Director due to superannuation, effective May 1, 2026. The company filed the regulatory disclosure with both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The official communication was issued through document reference SEC-1/187(2)/2026/2820, dated May 1, 2026, and was digitally signed by Dinesh Garg, Company Secretary & Compliance Officer, at 13:56:25 +05'30' on the same date.

Executive Change Details

The regulatory filing provided comprehensive information about the senior management transition:

Regulatory Compliance

The notification was addressed to the Listing Department of NSE and the Corporate Relationship Department of BSE, with REC Limited's scrip codes identified as RECLTD on NSE and 532955 on BSE. The company confirmed that this change occurred at the senior management level, defined as one level below the Board of Directors.

The cessation became effective immediately on May 1, 2026, coinciding with the date of regulatory intimation. The filing was submitted in both Hindi and English, demonstrating the company's commitment to comprehensive stakeholder communication and regulatory compliance.

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.

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:

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.