Intimation of sale and transfer of project specific SPVs/Subsidiaries.

Core Business DivestedStrategic Transactions View source PDF

RECLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.3%1-day move

₹337.20

prior close

₹339.65

base price

After-mkt

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AI summary

REC Limited's wholly owned subsidiary REC Power Development and Consultancy Limited (RECPDCL) has transferred its entire shareholding in two power transmission subsidiaries to unrelated buyers through tariff-based competitive bidding. Hampapura Power Transmission Limited was sold to Resonia Limited for ₹8.60 crore, and Mekhali Power Transmission Limited was sold to Dilip Buildcon Limited for ₹8.06 crore. Both transfers were completed at par value on May 30, 2026, including all assets and liabilities. The contribution of these subsidiaries to REC's turnover and net worth was negligible. The buyers do not belong to the promoter or promoter group, and the transactions are not related party transactions or slump sales.

Likely market impact

This divestment removes two power transmission SPVs from REC's subsidiary list. Since the contribution was negligible, the impact on REC's financials and stock price is expected to be minimal. The sale aligns with RECPDCL's role as a project implementation vehicle for transferring assets to successful bidders.