Power Finance Corporation Ltd. (PFC) has formally intimated the stock exchanges regarding receipt of presidential approval for the proposed merger of REC Limited into PFC.
The disclosure states that the Ministry of Power, via its letter dated June 10, 2026, has conveyed the approval of the Hon'ble President of India for the merger proposal. This approval follows PFC's previous intimation dated May 16, 2026, where the Company had informed about the Board of Directors' decision to reserve the merger proposal for approval of the Hon'ble President of India.
The intimation is made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document is signed by Manish Kumar Agarwal, Company Secretary & Compliance Officer of Power Finance Corporation Ltd.