Intimation regarding change in Board of Directors of REC Limited.

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Price reactionminutes from the announcement price · days from the prior close

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₹327.40

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%+0.1% vs market

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On the reaction day the stock moved 0.1 pts more than Nifty 100 and 0.7 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

REC Limited has announced the appointment of Shri Rajiv Ranjan Jha as Nominee Director on its Board, effective April 6, 2026. The appointment is made pursuant to the Share Purchase Agreement dated March 20, 2019 between the President of India and Power Finance Corporation Limited (PFC). Shri Jha, currently Director (Projects) at PFC since October 2021, brings 37 years of experience to the role. He holds a Bachelor's degree in Mechanical Engineering from NIT Jamshedpur and a Diploma in Management from IGNOU. The Ministry of Power, Government of India, has approved this nomination through its office order dated April 6, 2026.

Likely market impact

This is a routine board change reflecting the ongoing relationship between REC and its parent entity PFC. The appointment of a PFC nominee director maintains the ownership oversight structure and is unlikely to have any immediate impact on REC's stock price or operations.