REC Director Finance and CFO retires, CMD gets additional charge

Cfo ResignedManagement Changes View source PDF Explain this filing

RECLTD · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.1%Reaction day

₹364.45

prior close

₹360.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.0%+1.0% vs market

Financial Institution peers, median of 7sector+0.3%-0.3% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty 100 and 0.3 pts less 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

Stock

+0.3

10m

+1.9

15m

+2.0

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1-1.0+1.0+0.3-0.3

Next day

+2.2+1.6+0.6-0.0+2.2

+4.6+1.9+2.7+3.2+1.3

+4.8+1.3+3.5+2.9+1.9

+2.2+1.5+0.7+0.4+1.9

-1.4+2.3-3.7+3.3-4.7

-2.7+2.7-5.4+1.5-4.3

15d

-3.3+1.8-5.1+1.4-4.7

-6.7-1.3-5.4-1.6-5.2

-10.8-10.0-0.7-11.3+0.6

-2.8-3.3+0.5+7.1-9.9

UpDownMarket · Nifty 100Sector · Financial Institution peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shri Harsh Baweja, Director (Finance) and CFO of REC, superannuated on January 31, 2026 and ceased to hold both positions from February 1, 2026. The Ministry of Power has given the additional charge of Director (Finance) to Shri Jitendra Srivastava, the current Chairman and Managing Director, for 3 months from February 1, 2026, or until a regular appointee is named, whichever is earlier.

Likely market impact

Transitional phase with CMD holding additional charge of finance. Temporary arrangement until a regular Director Finance is appointed.