REC Limited has announced a significant board change with the appointment of Shri Rajiv Ranjan Jha as Nominee Director, representing Power Finance Corporation Limited (PFC) on the company's Board of Directors. The appointment reflects the ongoing corporate relationship between the two major power sector financing institutions.

Appointment Details and Regulatory Compliance

The appointment was formalized through an official communication dated April 7, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Ministry of Power, Government of India, conveyed its approval through Office Order No. F.No. 27-46/1/2018-Office of KKM (DIR) dated April 6, 2026.

Professional Background and Experience

Shri Rajiv Ranjan Jha brings extensive experience in the power sector to his new role at REC Limited. His professional journey spans nearly four decades, with a significant portion dedicated to Power Finance Corporation Limited.

Career Highlights

• Total Experience: 37 years in the power and infrastructure sector
• PFC Tenure: Since March 1997 (over 29 years)
• Current Role: Director (Projects), PFC since October 28, 2021
• Previous Position: Executive Director (Projects), PFC since May 27, 2019

Educational Qualifications

Jha's educational background includes:

• Bachelor's Degree in Science (Mechanical Engineering) from NIT Jamshedpur, Ranchi University
• Diploma in Management from Indira Gandhi National Open University (IGNOU)

Corporate Governance and Compliance

The appointment adheres to stringent corporate governance standards and regulatory requirements. As per the declaration received from Shri Rajiv Ranjan Jha, he is not debarred from holding the office of Director by virtue of any SEBI Order or any other regulatory authority.

Strategic Context

This appointment stems from Clause 5.1 of the Share Purchase Agreement executed between the President of India and Power Finance Corporation Limited on March 20, 2019. The nomination reflects the structured corporate relationship between PFC and REC Limited, ensuring continued coordination in India's power sector financing landscape.

The appointment strengthens the board composition with Jha's extensive project management experience and deep understanding of power sector dynamics, particularly in project financing and implementation.

REC Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI's depositories regulations. The filing, dated April 6, 2026, covers the quarter ended March 31, 2026, and demonstrates the company's adherence to mandatory compliance procedures.

Regulatory Filing Details

The certificate was filed under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, and submitted simultaneously to both major Indian stock exchanges:

Certificate Preparation and Verification

The compliance certificate was prepared by Alankit Assignments Limited, serving as REC Limited's registrar and transfer agent. The certificate, dated April 3, 2026, addresses the dematerialization of physical share certificates during the specified quarter.

Alankit Assignments Limited confirmed that all securities comprised in the certificates have been properly listed on stock exchanges. The registrar verified that after due verification procedures, the physical certificates were mutilated and cancelled, with the depository's name being substituted in records as the registered owner.

Compliance Confirmation

The certificate specifically covers physical share certificates received for dematerialization of REC Limited's equity shares during the quarter ended March 31, 2026. This process ensures proper transition from physical to electronic form, maintaining accurate shareholder records and regulatory compliance.

Signatory Information

The filing was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited, with digital signature authentication completed on April 6, 2026. The certificate from Alankit Assignments Limited was signed by Kamal Garg, General Manager, with digital authentication completed on April 3, 2026.

This quarterly filing represents REC Limited's ongoing commitment to regulatory compliance and proper maintenance of shareholder records in accordance with SEBI's depositories regulations.