Power Finance Corporation Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Power Finance Corporation (PFC), the promoter of REC Limited, has filed a declaration with the stock exchanges under Regulation 31(4) of SEBI's Takeover Regulations. The declaration states that PFC, along with persons acting in concert, has not created any encumbrance (pledge, lien, or charge) on the shares of REC Limited during the financial year 2024-25. This is a routine annual compliance filing required from promoters to confirm transparency around their shareholding in the company.
This is a routine compliance disclosure and a positive signal — it confirms that the promoter has not pledged or encumbered REC shares, which removes any concern about potential forced selling or margin calls. Minor positive sentiment for existing shareholders.