Date: July 30, 2026
Disinvestment / Strategic Actions
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has sold its entire shareholding in Ryapte Power Transmission Limited. The sale comprised 50,000 equity shares and was transferred along with all assets and liabilities to the successful bidder.
The transaction was completed on July 30, 2026. With effect from this date, Ryapte Power Transmission Limited is no longer a subsidiary of RECPDCL or REC Limited.
The sale was conducted through a tariff-based competitive bidding process. The successful bidder was Tata Power Company Limited, which does not belong to the Promoter or Promoter group of REC Limited.
The total consideration received for the sale was ₹10,86,62,034 (including taxes). This amount is inclusive of professional fees and reimbursement of expenses.
The transaction is not classified as a related party transaction and 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.
The financial contribution of Ryapte Power Transmission Limited to REC Limited during the last financial year was negligible in terms of turnover/revenue/income and net worth.
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.