REC Limited will hold its 57th Annual General Meeting (AGM) on Tuesday, August 25, 2026, at 11:00 A.M. IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Maharatna Government of India Enterprise is also enforcing strict compliance with recent regulatory amendments, requiring shareholders to update bank account details for electronic dividend credits and opening a special window for the transfer of physical shares. This move ensures seamless dividend distribution and addresses long-pending transfer requests for physical securities.

The meeting 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 will be sent exclusively by email to shareholders who have registered their email addresses with the Registrar & Transfer Agent (RTA) or respective Depository Participants (DP). For shareholders without registered emails, the company is sending a letter containing a weblink to access these documents, in compliance with Regulation 36(1)(b) of the Listing Regulations.

E-Voting and Participation

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 can cast their votes on the items of business set forth in the AGM notice through remote e-voting prior to the meeting or via the e-voting system during the AGM. Detailed instructions for attending the VC/OAVM session and voting procedures for both demat and physical shareholders are included in the AGM notice.

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 has been opened from February 5, 2026, to February 4, 2027. This applies to physical securities sold or purchased prior to April 1, 2019. The window also 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.

REC Limited has declared a first interim dividend of ₹4.25 per equity share for the financial year 2026-27, with shareholders holding units on July 31, 2026, eligible to receive the payout. The Maharatna public sector undertaking also fixed Friday, August 14, 2026, as the record date for its final dividend of ₹1.55 per share for FY2025-26, subject to shareholder approval at the upcoming Annual General Meeting. This dual dividend announcement coincides with the company’s disclosure of unaudited financial results for the quarter ended June 30, 2026, under Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the dividends during its meeting held on July 24, 2026. Management confirmed that eligible shareholders will receive the dividend payments within 30 days from the date of declaration. The final dividend recommendation for FY26 was previously made by the Board and awaits formal ratification by shareholders.

Financial Performance in Q4FY26

For the quarter ended June 30, 2026, REC Limited reported a standalone net profit after tax of ₹4,149.46 crore, compared to ₹4,451.02 crore in the same period last year. On a consolidated basis, net profit stood at ₹4,192.76 crore, down from ₹4,465.71 crore in Q4FY25. Total income from operations for the quarter was ₹14,296.10 crore on a standalone basis and ₹14,434.92 crore on a consolidated basis.

The company’s total comprehensive income for the period rose significantly to ₹7,396.65 crore (standalone) and ₹7,439.95 crore (consolidated), driven by other comprehensive income items. For the full year ended March 31, 2026, consolidated net profit was ₹16,308.17 crore against total operating income of ₹59,584.16 crore.

Balance Sheet Strength

As of June 30, 2026, REC’s standalone net worth increased to ₹91,836.22 crore from ₹84,290.41 crore at the end of FY26. The debt-equity ratio improved to 5.52 from 6.00 in March 2026, indicating a strengthening balance sheet position. Outstanding debt capital stood at ₹5,07,555.37 crore. The unaudited standalone financial results were limited reviewed by the Joint Statutory Auditors and approved by the Audit Committee prior to Board ratification.