Announced Thu, 2 Apr · 18:26 IST
REC Limited appoints Rajesh Kumar as Director (Finance)
Management Changes View source PDF
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹325.20
prior close
₹323.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.1-0.5-0.3+1.4+5.5+6.5+7.5+6.7+11.9+14.9+10.4+5.3+12.5
Up moveDown movePending
AI summary
REC Limited has appointed Shri Rajesh Kumar as Director (Finance) for five years effective April 2, 2026, based on a Ministry of Power order. He is an internal candidate, currently serving as Executive Director (Finance) at REC, with 30+ years of experience in accounts, taxation, treasury and power sector financing. He is a CA and CMA, and previously led RECPDCL as CEO. The additional charge of Director (Finance) held by CMD Jitendra Srivastava has ceased.
Likely market impact
Internal elevation brings continuity in finance leadership; no governance concerns flagged. Likely neutral to mildly positive for stability.