REC Limited appoints Rajesh Kumar as Director (Finance)

Management Changes View source PDF Explain this filing

RECLTD · price

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▲ 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

+0.7%Reaction day

₹325.20

prior close

₹323.55

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+1.2%-0.5% vs market

Financial Institution peers, median of 7sector+1.1%-0.4% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty 100 and 0.4 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

-0.4

10m

-0.1

15m

-0.5

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+1.2-0.5+1.1-0.4

Next day

+1.4+1.8-0.4+1.1+0.3

+5.5+5.8-0.3+7.0-1.4

+6.5+5.1+1.5+7.0-0.5

+7.5+6.5+1.0+9.0-1.6

+6.7+5.6+1.1+7.9-1.3

+11.9+7.5+4.5+12.8-0.9

15d

+14.9+7.1+7.8+14.6+0.3

+10.4+8.6+1.8+16.8-6.4

+5.3+3.5+1.9+8.9-3.6

+12.5+9.3+3.2+10.3+2.2

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

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.