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.

REC Limited , a Maharatna public sector Non-Banking Financial Company (NBFC) under India's Ministry of Power, reported a 30% year-on-year growth in its renewable energy loan book to ₹75,347 crore in its Business Responsibility and Sustainability Report (BRSR) for financial year 2025-26. The expansion increased the share of renewable financing in its total portfolio from 10% to 13%, reinforcing the lender’s role in India’s clean energy transition while simultaneously reducing its own operational carbon footprint by 69% across Scope 1 and 2 emissions.

The disclosures, made on a consolidated basis and receiving reasonable assurance from M/s Corporate Professionals, cover all nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). REC Limited recorded a consolidated turnover of ₹59,584 crore and a net worth of ₹85,054 crore during the period. The company is listed on the National Stock Exchange of India Limited and BSE Limited.

Environmental Decarbonisation

REC’s environmental strategy focused on both operational efficiency and green financing. Operational Scope 2 emissions dropped by approximately 76% to 454.32 metric tonnes CO2 equivalent, driven by sourcing 100% green power for its Corporate Headquarters via the Green Tariff facility of DISCOM-DHBVNL. Additionally, the company commissioned 54 kWp of new rooftop solar installations across regional offices in Panchkula, Lucknow, and Vadodara, complementing existing facilities. These initiatives generated 3,167 MWh of clean energy, avoiding 2,248 tonnes of CO2 emissions.

On the financing front, projects funded by REC avoided an estimated 12.2 million tonnes of CO2, with 7.6 million tonnes directly attributed to REC financing using the Partnership for Carbon Accounting Financials (PCAF) methodology. The NBFC also sanctioned two Ultra Super Critical Thermal Power Projects worth ₹22,228.25 crore, aiming to support higher-efficiency power generation.

Governance and Social Responsibility

REC became the first Indian public sector NBFC to secure ISO 31000:2018 accreditation for its Enterprise Risk Management (ERM) framework and upgraded to ISO 27001:2022 for data privacy. The company assessed 100% of private sector borrowers and onboarded vendors for ESG compliance. Starting April 2026, REC will incentivise ESG-compliant renewable borrowers.

Socially, REC allocated ₹338 crore towards Corporate Social Responsibility (CSR) initiatives, spanning 80 projects in healthcare, education, and rural development. The workforce comprised 1,213 employees, with a permanent employee turnover rate of 2.92%. All permanent employees received 100% coverage under health and accident insurance. Female representation on the Board stood at 16.66% (one out of six directors).

Regulatory Compliance

Despite strong ESG performance, the National Stock Exchange and BSE imposed a fine of ₹44,67,480 on REC for non-compliance with Board composition requirements under Listing Regulations due to the non-availability of Independent Directors. REC noted that the appointment of Directors vests with the President of India through the Ministry of Power, and the company has been requesting the requisite appointments.

What the Numbers Show

The divergence between REC’s operational decarbonisation and its lending portfolio highlights a strategic shift toward sustainable finance. While operational emissions fell sharply due to renewable energy adoption, the 30% growth in the green loan book indicates that REC’s primary climate impact is now driven by capital allocation rather than internal operations. This aligns with its role as a National Project Implementing Agency for the PM Surya Ghar: Muft Bijli Yojana, where it facilitated over 3.3 million rooftop solar connections.