REC Limited has announced a change in its senior management structure with the cessation of Executive Director Shri Chandra Sekhar Sakhamuri, IAS, effective February 11, 2026. The company informed both the National Stock Exchange of India Limited and BSE Limited about this development in compliance with regulatory requirements.

Management Change Details

The cessation of the Executive Director position occurred due to administrative reasons related to his civil service posting. The company provided specific details about the management change in its regulatory filing.

Regulatory Compliance

REC Limited made this disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulation mandates companies to inform stock exchanges about changes in senior management positions, defined as one level below the Board of Directors.

Administrative Communication

The formal intimation was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited. The notification was simultaneously sent to both major stock exchanges where the company's shares are listed - NSE (scrip code: RECLTD) and BSE (scrip code: 532955). The document was digitally signed and dated February 11, 2026, ensuring proper authentication and compliance with electronic filing requirements.

This management change represents a routine administrative transition common in public sector enterprises where IAS officers are periodically repatriated to their home states as part of their career progression and administrative requirements.

Rural Electrification Corporation has issued an official clarification regarding recent reports about the government considering a merger between the company and Power Finance Corporation. The company has categorically stated that it is not engaged in any discussions or negotiations related to such a merger proposal.

Company's Official Statement

REC's clarification comes in response to widespread reports suggesting that the Indian government was exploring a strategic consolidation plan involving the two major public sector undertakings. The company has made it clear that no formal discussions or negotiations are currently underway regarding any potential merger with PFC.

Background Context

Both REC and Power Finance Corporation serve as key financing arms for India's power sector infrastructure development. Rural Electrification Corporation specializes in financing rural electrification and renewable energy projects, while Power Finance Corporation focuses on providing financial assistance to power projects across the country.

Market Response

The clarification addresses market speculation that had emerged following reports of potential government plans to streamline public sector enterprises in the power financing sector. REC's statement provides clarity to stakeholders and investors regarding the company's current operational status and strategic direction.