REC Limited has appointed Ms. Isha Duhan as Executive Director, effective September 10, 2026. The company disclosed the change in senior management to the stock exchanges on the same date.

Ms. Duhan brings administrative experience from the Indian Administrative Service (IAS). She belongs to the Uttar Pradesh cadre and was part of the 2014 batch. Before joining REC, she served as Managing Director in the Sugar Industries & Cane Development Department.

Educational Background

Ms. Duhan holds a Bachelor’s degree in Biotechnology from Thapar University. She also possesses a Master’s degree in Gender Development Studies from IGNOU.

Regulatory Disclosure

The appointment was notified under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms there are no relationships between directors that require disclosure in this context.

REC has completed the sale of its entire stake in Musalgaon Power Transmission Limited to Maharashtra State Electricity Transmission Company Limited (MSETCL) for ₹2.21 crore.

Transaction details

The deal was executed on September 9, 2026, through REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited. RECPDCL transferred 50,000 equity shares of the project-specific special purpose vehicle (SPV), along with all associated assets and liabilities, to MSETCL.

The consideration of ₹2,20,89,930 includes professional fees and reimbursement of expenses. The transaction was not classified as a slump sale, with the price determined in accordance with guidelines issued by the Ministry of Power, Government of India.

Operational impact

With the transfer, Musalgaon Power Transmission Limited is no longer a subsidiary of RECPDCL or REC Limited. MSETCL assumes full operational responsibility for the infrastructure. The financial contribution of this unit to REC’s turnover or net worth during the last financial year was negligible.

The transaction does not fall under related-party transactions, as MSETCL is not part of REC’s promoter group.