REC Limited, a Government of India Enterprise, has issued an intimation regarding a scheduled meeting of its Board of Directors. The meeting is scheduled to be held on Sunday, June 28, 2026.
The primary agenda for this board meeting is to consider and approve the Scheme of Merger amongst REC Limited and Power Finance Corporation Limited (PFC) and their respective shareholders and creditors. This proposed merger will be undertaken pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The scheme will also adhere to the relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and other applicable laws, circulars, regulations, and guidelines.
This disclosure is made in compliance with Regulation 29 of the SEBI Listing Regulations.
Additionally, the company has provided an update on its trading window closure. In accordance with the company's "Code of conduct for regulating, monitoring & reporting of trading by Designated Persons & their immediate relatives and for fair disclosure," and in continuation of a previous intimation dated May 13, 2026, the trading window was closed effective May 14, 2026. The intimation states that the trading window will remain closed for trading in REC's equity shares and other listed securities until further orders. During this closure period, all Designated Persons and their immediate relatives are advised not to deal in the company's securities.
The document is signed by Dinesh Garg, Company Secretary & Compliance Officer of REC Limited.