REC Limited faces stock exchange fines for Board composition non-compliance
RECLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty 100 and 1.0 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.
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REC Limited received notices from NSE and BSE on August 25, 2026, imposing a fine of about 10.77 lakhs each (roughly 21.5 lakhs total) for non-compliance with Listing Regulations on Board of Directors and Committee composition during the quarter ended June 30, 2026. The company clarified that as a Government Company, director appointments rest with the President of India through the Ministry of Power, and REC has been repeatedly requesting appointment of Independent Directors.
Minor financial penalty due to a governance gap outside company control. Likely limited impact on stock price.