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.

REC Limited has announced a significant leadership change with the appointment of Shri Rajesh Kumar as Director (Finance), marking a strategic move to strengthen the company's financial leadership. The appointment, effective April 2, 2026, comes through an official order from the Ministry of Power and represents a promotion for Kumar from his previous role as Executive Director (Finance).

Appointment Details and Transition

The Ministry of Power issued Office Order No. F. No. 27-46/5/2025-REC DESK on April 2, 2026, formally appointing Kumar to the director position. The appointment carries a five-year term, effective from the date of assumption of charge or until further orders, whichever occurs earlier.

With Kumar's appointment, the additional charge of Director (Finance) responsibilities previously handled by CMD Jitendra Srivastava has ceased effective April 2, 2026. This transition allows the CMD to focus on core leadership duties while establishing dedicated financial leadership under Kumar's direction.

Professional Background and Qualifications

Kumar brings extensive experience spanning over 30 years in finance and accounting domains. His educational foundation includes a Bachelor's degree in Commerce from Shri Ram College of Commerce, Delhi University, complemented by dual professional certifications as a Chartered Accountant (CA) and Cost & Management Accountant (CMA).

His career trajectory encompasses:

• Initial Experience: Decade-long tenure with a CPSE engaged in engineering and project consultancy
• REC Tenure: Over 20 years of dedicated service developing expertise in power sector financing
• Leadership Role: Service as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL)

Key Contributions and Expertise Areas

During his tenure at REC, Kumar has demonstrated exceptional leadership across multiple financial domains. His contributions include transforming the company's domestic resource mobilization strategy through innovative financial instruments and structures.

Major Achievements:

• Introduction of Tax-Efficient Hybrid Bonds
• Implementation of Perpetual Bonds with AAA rating
• Development of CBDT-notified Zero Coupon Bonds
• Launch of Capital Gain Bonds
• Expansion of investor base and reduction in borrowing costs

Core Expertise Areas:

• Accounts, taxation, and audit management
• Treasury operations and project appraisals
• Regulatory compliance and multilateral funding
• Asset Liability Management and ESG projects
• IT transformation initiatives

Regulatory Compliance and Declaration

As per regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kumar has provided necessary declarations confirming his eligibility for the director position. He has declared that he is not debarred from holding directorship by any SEBI order or other regulatory authority.

The appointment aligns with REC's governance framework as a Maharatna company under the Government of India, ensuring continued compliance with regulatory standards and corporate governance practices. This leadership change positions REC to leverage Kumar's extensive financial expertise for future growth and strategic initiatives in the power sector financing domain.