Intimation regarding change in Board of Directors of REC Limited.
RECLTD · price
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REC Limited has informed about a change in its Board composition effective May 1, 2026. Shri Rajiv Ranjan Jha, who served as a Nominee Director representing Power Finance Corporation Limited (PFC) on REC's board, has ceased his directorship. The cessation is due to his superannuation from PFC services on April 30, 2026. The company has issued this intimation in compliance with SEBI Listing Regulations, specifically Regulation 30 read with Schedule III.
This is a routine board change following the retirement of a nominee director from their parent organization. The departure of a PFC nominee director may lead to the appointment of a new nominee, which could be a routine administrative adjustment with minimal near-term impact on REC's stock.