REC Limited has notified stock exchanges about the formal dissolution of one of its project-specific subsidiaries. The company informed the National Stock Exchange and BSE Limited on January 20, 2026, regarding the strike-off of Rajgarh III Power Transmission Limited from the Register of Companies.

Corporate Structure Changes

The dissolved entity was a wholly owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which itself operates as a wholly owned subsidiary of REC Limited. This multi-tier ownership structure is common in infrastructure and power sector companies for managing specific projects through dedicated special purpose vehicles (SPVs).

Regulatory Compliance Details

The notification was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication referenced a previous letter dated June 4, 2025, indicating this was part of an ongoing process.

Legal Implications

Following the strike-off from the Register of Companies, Rajgarh III Power Transmission Limited stands dissolved under the provisions of the Companies Act, 2013. The company has ceased to be a subsidiary of both RECPDCL and REC Limited, effectively ending its corporate existence and any associated obligations or rights.

Communication Protocol

The formal notification was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited, and was addressed to both major Indian stock exchanges where the company's shares are listed. The document was digitally signed and included both Hindi and English text, following standard corporate communication practices for listed Indian companies.

REC Ltd witnessed significant institutional activity on the National Stock Exchange (NSE) through a substantial block trade transaction. The government-owned rural electrification financing company saw approximately 1,010,993 shares change hands in a single large transaction.

Block Trade Details

The transaction details highlight the scale of institutional interest in REC Ltd shares:

Market Significance

Block trades represent large-scale institutional transactions that are typically executed outside the regular market to avoid impacting stock prices significantly. These transactions often involve institutional investors, mutual funds, or other large market participants looking to buy or sell substantial quantities of shares.

The execution price of ₹364.70 per share for this block trade provides a reference point for the institutional valuation of REC Ltd shares during this transaction. Such large-volume trades can serve as indicators of institutional sentiment and investment strategies regarding the company.

About the Transaction

The ₹36.87 crore transaction represents a meaningful volume of shares for REC Ltd, demonstrating active institutional participation in the stock. Block trades are generally pre-negotiated transactions between large investors and are executed through special trading windows on exchanges to ensure minimal market disruption.