Intimation regarding completion of tenure of Independent Directors of REC Limited.

Multiple Ind Directors ResignedManagement Changes View source PDF

RECLTD · price

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+2.7%1-day move

₹373.00

prior close

₹373.35

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AI summary

REC Limited has announced that Dr. Gambheer Singh and Dr. (Smt.) Durgesh Nandini have completed their tenure as Part-time Non-Official (Independent) Directors on the Board of REC. They were appointed for a period of one year starting April 17, 2025, as per orders from the Ministry of Power, Government of India. Their tenure ended on April 16, 2026, and they ceased to be Directors of REC with effect from April 17, 2026. This is a routine completion of fixed-term appointments as per government orders, not a resignation.

Likely market impact

Two independent directors leaving simultaneously reduces board independence temporarily. The company will need to appoint replacements to maintain board composition requirements. This is a normal governance event for a PSU with government-appointed directors.