Date: July 30, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Auditor’s Report

Not Specified

Disinvestment / Strategic Actions

Incorporation of Wholly Owned Subsidiary

  • Kukshi Alirajpur Transmission Limited (CIN: U42202DL2026G0I469052) was incorporated on July 29, 2026 as a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited (RECPDCL).
  • RECPDCL is itself a Wholly Owned Subsidiary of REC Limited, making Kukshi Alirajpur Transmission Limited a subsidiary of REC Limited under Section 2(87) of the Companies Act, 2013.
  • Authorized Capital: ₹5,00,000
  • Paid-up Capital: ₹5,00,000
  • Turnover: Not Applicable (newly incorporated company yet to commence business)
  • Industry: Power Sector

Purpose and Background

  • The subsidiary was incorporated for "Strengthening of Intra-state transmission system in Kukshi / Alirajpur area by the establishment of new EHV Substations & associated transmission lines."
  • The Government of Madhya Pradesh, via its Order dated February 9, 2026, allocated one intra-state transmission project and appointed RECPDCL as the Bid Process Coordinator (BPC) for this project.
  • After selection of a successful bidder in accordance with Tariff Based Competitive Bidding (TBCB) guidelines, the company will be transferred to the successful bidder along with all assets & liabilities.

Transaction Details

  • Acquisition falls under related party transactions as Kukshi Alirajpur Transmission Limited is a Wholly Owned Subsidiary of RECPDCL.
  • Promoter/promoter group/group companies have no interest in the acquired entity except for its shareholding.
  • Nature of Consideration: 100% subscription to equity share capital in cash.
  • Cost of Acquisition: Subscription to equity shares at face value.
  • Percentage of Shareholding Acquired: 100%

Other Operational / Legal / Strategic Disclosures

Regulatory Compliance

  • The intimation is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.