Intimation regarding change in Board of Directors of REC Limited.
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
REC Limited has announced the appointment of Shri Rajesh Kumar Agarwal as a Nominee Director on its Board, effective May 1, 2026. He is currently Director (Finance) at Power Finance Corporation Limited (PFC), the majority shareholder of REC. The appointment was approved by the Ministry of Power, Government of India, under the Share Purchase Agreement dated March 20, 2019 between the President of India and PFC. Agarwal brings over 31 years of experience in the Power and Financial sectors, having worked at PFC since 2009 and prior assignments at NTPC, NPCIL, and DTL.
This is a routine board change reflecting the government's continued oversight through PFC nominee directors. The appointment of an experienced finance professional from the parent PSU may bring stability to the board but is unlikely to have any immediate impact on REC's stock price.