REC Limited has promoted Somya Kant to the position of Executive Director, effective August 3, 2026. The appointment strengthens the company’s senior management team, filling a role one level below the Board of Directors. This leadership change is part of the company’s ongoing efforts to align its management structure with its strategic objectives in the power finance sector.

The company disclosed the change pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was issued on August 4, 2026, by Dinesh Garg, Company Secretary and Compliance Officer. The appointment is subject to the assumption of charge.

Appointment Details

Somya Kant’s promotion marks a significant step in his career within the organization. Prior to this appointment, he served as Senior CPM at REC’s Karnataka Regional Office. His extensive background in finance and accounts positions him to contribute effectively to the company’s executive leadership.

Professional Profile

Kant holds a Bachelor's degree in Law (LL.B.) and a Master's degree in Commerce (M.Com). He has been an Associate Member of the Institute of Cost Accountants of India since June 1992. His professional experience spans over 35 years in the field of Finance and Accounts.

His career includes 19 years with REC Limited and 14 years with NPCIL. This diverse experience across major public sector undertakings provides him with a broad perspective on financial management and operational efficiency in the infrastructure sector.

What the Numbers Show

The appointment reflects REC Limited’s focus on internal talent development. Promoting an internal candidate with nearly two decades of service demonstrates the company’s commitment to leveraging institutional knowledge. Kant’s dual expertise in law and commerce, combined with his long tenure at both REC and NPCIL, suggests a strong foundation for managing complex financial and regulatory challenges.

REC Limited published its Notice of the 57th Annual General Meeting (AGM) and e-voting information in Business Standard (English and Hindi editions) on July 31, 2026. The Maharatna Government of India Enterprise confirmed that its AGM will be held on Tuesday, August 25, 2026, at 11:00 A.M. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM). This publication ensures broad shareholder awareness of the upcoming meeting, which will transact business including the approval of financial statements for FY25-26. Shareholders must act by specific deadlines to participate in voting or ask questions during the virtual session.

The notice was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice of AGM and the Annual Report for the financial year 2025-26 were sent via email on July 30, 2026, to shareholders who registered their email addresses with the Registrar & Transfer Agent (RTA) or Depository Participants as of July 17, 2026. For shareholders without registered emails, the company sent a letter containing a weblink to access these documents, complying with Regulation 36(1)(b) of the Listing Regulations. The documents are also available on the company’s website, stock exchange portals, and the NSDL e-voting platform.

E-Voting and Participation Timeline

Remote e-voting will commence on Saturday, August 22, 2026, at 09:00 hours and conclude on Monday, August 24, 2026, at 17:00 hours. Shareholders holding shares as on the cut-off date of Tuesday, August 18, 2026, may cast their votes electronically. NSDL has been engaged to enable members to attend the AGM through VC/OAVM and cast votes electronically. CS Sachin Agarwal (FCS No. 5774) has been appointed as Scrutinizer, with CS Shweta Jain (FCS No. 7152) serving as alternate Scrutinizer from M/s Agarwal S. & Associates.

Members wishing to ask questions during the AGM must register by sending a request from their registered email address to complianceofficer@recindia.com not later than 17:00 hours on Saturday, August 22, 2026. The Company reserves the right to limit the number of members asking questions based on time availability. Those who vote remotely may attend the AGM but cannot vote again.

Mandatory Electronic Dividend Payments

Pursuant to recent amendments in the Listing Regulations, REC Limited has discontinued dividend remittance via physical instruments such as cheques or warrants. All dividend payments will now be made exclusively through electronic mode. Shareholders must update their bank account details to ensure seamless credit:

Special Window for Physical Securities

In accordance with the SEBI Circular dated January 30, 2026, a special window for the transfer and dematerialization of physical securities is open from February 5, 2026, to February 4, 2027. This applies to physical securities sold or purchased prior to April 1, 2019, and covers previously rejected or pending transfer requests due to document deficiencies. Eligible shareholders are requested to submit their requests along with requisite documents to the company's RTA.

What This Means for Shareholders

The shift to exclusive electronic dividend payments eliminates the risk of lost or stolen cheques but places the onus on shareholders to maintain updated banking information. Failure to update details may result in delayed dividend credits. Additionally, the special transfer window offers a critical opportunity for holders of old physical shares to regularize their holdings, which is essential for participating in future corporate actions and ensuring proper KYC compliance.