Date: August 14, 2026
Divestment / Strategic Actions
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has sold and transferred its entire shareholding in Vizag Power Transmission Limited. The transaction involved 50,000 equity shares and was transferred along with all assets and liabilities.
The sale was completed on August 14, 2026, to the successful bidder selected through a tariff-based competitive bidding process. The successful bidder is Adani Energy Solutions Limited.
The consideration received for the sale is ₹65,97,011. This amount is inclusive of taxes, professional fee, and reimbursement of expenses.
With effect from August 14, 2026, Vizag Power Transmission Limited is no longer a subsidiary of RECPDCL and REC Limited.
The transaction is not a related party transaction, as the buyer (Adani Energy Solutions Limited) does not belong to the Promoter or Promoter group of REC Limited.
The sale is not in the nature of a slump sale. The consideration was determined in accordance with guidelines issued by the Ministry of Power, Government of India, from time to time.
A Share Purchase Agreement (SPA) was executed between RECPDCL and the successful bidder on August 14, 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
Other Operational / Legal / Strategic Disclosures
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.