REC sells two project SPVs to Ceigall and Power Grid

Strategic Transactions View source PDF Explain this filing

RECLTD · price

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

+1.9%Reaction day

₹301.00

prior close

₹302.30

announcement price

After-mkt

timing

Nifty Midcap 150market+1.0%+1.0% vs market

Financial Institution peers, median of 7sector+1.3%+0.6% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Midcap 150 and 0.6 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

Stock

+1.2

10m

+0.7

15m

+0.7

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9+1.0+1.0+1.3+0.6

Next day

+3.6+0.9+2.7+2.0+1.6

+2.9+0.6+2.3+1.3+1.6

+2.3+0.5+1.7-1.4+3.6

+0.4-0.6+1.0-1.6+2.1

+0.5-1.9+2.4-2.8+3.3

-2.3-4.8+2.4-5.4+3.1

15d

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UpDownMarket · Nifty Midcap 150Sector · Financial Institution peers, median of 7Pending

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

AI summary

REC's wholly owned subsidiary RECPDCL has sold two project-specific transmission SPVs through tariff-based competitive bidding. Jam Khambhaliya Jamnagar Power Transmission was sold to Ceigall India Limited for about Rs 8.40 crore including taxes. Lakadia II Power Transmission was sold to Power Grid Corporation of India for about Rs 8.43 crore including taxes. Both transfers completed on October 12, 2026. The SPVs are no longer subsidiaries of RECPDCL or REC Limited. Revenue and net worth contribution from these SPVs was negligible.

Likely market impact

Minor divestment of non-core project SPVs with negligible revenue impact. No material effect on shareholders expected.