REC Board notes fine for board composition non-compliance

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

-3.1%Reaction day

₹369.80

prior close

₹369.75

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.5%-1.6% vs market

Financial Institution peers, median of 7sector-3.3%+0.2% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty 100 and 0.2 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.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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AI summary

NSE and BSE fined REC Limited Rs 5.42 lakh (including GST) for non-compliance with board composition rules under SEBI LODR Regulations for the quarter ended September 30, 2025. The fine relates to missing directors including a woman director on the board. REC's Board noted the non-compliance and has requested the exchanges to waive the penalty, arguing that as a Government Company, appointment of Independent Directors is handled by the Ministry of Power and is beyond REC's control.

Likely market impact

Minor financial penalty. Waiver requested. Risk of stricter action like freezing of promoter shares or shift to Z category if issue persists next quarter.