REC LIMITED — Annual Report 2024

May 30, 2022

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Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed

entity/subsidiary. These details need to be disclosed only once, during the reporting period when such temention une undastatan

S. No	Details of the party(listed entity/subsidiary) enteringinto the transaction				Details of the counterparty	Type of relatedparty transaction	Value of therelatedpartytransactionasapproved bytheauditcommittee	Value oftransactionduring thereporting	In case monies aredue to either party asa result of thetransaction		In case any financial indebtedness isincurred to make or give loans, inter-corporate deposits, advances or	investments	Details of the loans, inter-corporate deposits, advances orinvestments
	Name	PAN	Name	PAN	Relationship of thecounterparty withthe listed entity orits subsidiary			period	Openingbalance	Closingbalance	Nature ofindebtedness(loan/issuanceof debt/ anyother etc.)	Cost	Tenure	Nature (loan/advance/intercorporatedeposit/investment	InterestRate(%)	Tenure	Secured/unsecured	Purpose forwhich thefunds will beutilisedby the ultimaterecipient of funds(end-usage)
л.	REC Limited		Dr. Manoj ManoharPande, IndependentDirector		Key Managerial Personnel	Sitting Fees		0.05
$\overline{2}$	REC Limited		Dr. Gambheer Singh,Independent Director		Key Managerial Personnel	Sitting Fors		0.05
$\mathbf{3}$	REC Limited		Dr. Durgesh Nandini,Independent Director		Key Managerial Personnel	Sitting Fees		0.03
$\ddot{ }$	REC Limited		PFC Limited		Holding Comapmy	Dividend Paid		1061.32
$\overline{5}$	REC Limited		PFC Limited		Holding Comapmy	Sitting Fees		0.03
6	REC Limited		REC PDCL		Subsidiary Company	Govt. funds disbursed		0.09
$\overline{7}$	REC Limited		REC PDCL		Subsidiary Company	Apportionment ofEmployee Benefit andOther Expenses		10.61
$\bf{8}$	REC Limited		REC PDCL		Subsidiary Company	Dividend Income		7.53
9	REC Limited		REC PDCL		Subsidiary Company	Finance Costs - Interest Paid		4.41
10	REC Limited		REC PDCL		Subsidiary Company	Other Expenses		7.79
11	REC Limited		REC PDCL		Subsidiary Company	Rental Income		4.88
12	REC Limited		REC Foundation		Entities over which control is Payment towards Corporateexercised	Social Responsibility (CSR)Expenses		82.00
13	REC Limited		REC LTD ContributoryProvident Fund Trust		Post employment benefitplans of the Company	Contributions made by theCompany		7.61									LIM
ITTA44جၟ	REC Limited		REC RetiredEmployees MedicalTrust		Post employment benefitplans of the Company	Contributions made by theCompany		7.71
, 15	REC Limited		REC EmployeeBenevolent Fund		Post employment benefitplans of the Company	Contributions made by theCompany		0.02				39					wellon t
16.ED AC	REC Limited		REC LTD GratuityFund		Post employment benefitplans of the Company	Contributions made by theCompany		2.94Page 8 of 11.									$e_{V}$D

											Additional disclosure of related party transactions - applicable only in case the related party transactionrelates to loans, inter-corporate deposits, advances or investments made or given by the listed.
														entity/subsidiary. These details need to be disclosed only once, during the reporting period when such
														transaction was undertaken.
S. No	Details of the party		Details of the counterparty			Type of related	Value of the	Value of	In case monies are		In case any financial indebtedness isDetails of the loans, inter-corporate deposits, advances or
	(listed entity/					party transaction	related	transaction	due to either party as		incurred to make or give loans, inter-					investments
	subsidiary) entering						party	during the	a result of the		corporate deposits, advances or
	into the transactionName	PAN	Name	PAN	Relationship of the		transaction$\pmb{35}$	reportingperiod	transactionOpening Closing		Nature of	investmentsCost	Tenure	Nature (loan/	Interest Tenure		Secured/	Purpose for
					counterparty with		approved by		balance	balance	indebtedness			advance/	Rate		unsecuted	which the
					the listed entity or		the				(loan/issuance			intercorporate	(%)			funds will be
					its subsidiary		audit				of debt/ any			deposit/				utilised
							committee				other etc.)			investment				by the ultimaterecipient of funds
																		(end-usage)
17	REC Limited
			REC LTD ContributoryProvident Fund Trust		Post employment benefitplans of the Company	Finance Costs - Interest Paid		0.04
18	REC Limited		REC Retired		Post employment benefit	Finance Costs - Interest Paid		263
			Employees MedicalTrust		plans of the Company
19	REC Limited		POWER FINANCE		Post-employment Benefits	Finance Costs - Interest Paid		0.27
			CORPORATION LTD.		Plan Trusts of Ultimate
20	REC Limited		EMPLOYEESPOWER FINANCE		Holding CompanyPost-employment Benefits	Redemption of the bonds of		2.20
			CORPORATION LTD.		Plan Trusts of Ultimate	Company
			EMPLOYEES		Holding Company
21	REC Limited		NHPC LTD		Companies in which KeyManagerial Personnel are	Dividend Income		4.13
					Directors
22	REC Limited		NHPC LTD		Companies in which Key	Finance Costs - Interest Paid		0.35
					Managerial Personnel areDirectors
23	REC Limited		Shri Sanjay Malhotra		Key Management Personnel	Remuneration		0.16
24	REC Limited		Shri Sanjeev Kumar		Key Management Personnel	Remuneration		0.22
			Gupta
								0.35
25	REC Limited		Shri Ajoy Choudhary		Key Management Personnel	Remuneration
26	REC Limited		J.S. Amitabh		Key Management Personnel	Remuneration		0.40
27	REC Limited		REC PDCL		Subsidiary Company	Debt Securities Issued			57.44	57.44
26	REC Limited		REC PDCL		Subsidiary Company	Other Financial			4.23	$26
						Assets/Receivable
29	REC Limited		REC PDCL		Subsidiary Company	Other Financial			5.98	6.10
						Liabilities/Payable											$-12$
30	REC Limited		REC Foundation		Entities over which control is Advance Given/Other Nonexercised	Financial Assets			1.54	1.20
																	չ
31	REC Limited		REC LTD Contributory		Post employment benefit	Debt Securities Issued			4.00	4.00
			Provident Fund Trust		plans of the Company													Y.
32	REC Limited		REC Retired		Post employment benefit	Debt Securities Issued			4.70	4.70		σ
			Employees Medical		plans of the Company
135	REC Limited		TrustREC Retired		Post employment benefit	Other financial liabilities-			29.30	29.30							DA
			Employees Medical		plans of the Company	GOI Serviced Bonds Issued		Page 9 of 11.					n
			Trust

											Additional disclosure of related party transactions - applicable only in case the related party transaction
												relates to loans, inter-corporate deposits, advances or investments made or given by the listedentity/subsidiary. These details need to be disclosed only once, during the reporting period when such
											transaction was undertaken.
S. No	Details of the party(listed entity/		Details of the counterparty			Type of relatedparty transaction	Value of therelated	Value oftransaction	In case monies aredue to either party as		In case any financial indebtedness isincurred to make or give loans, inter-			Details of the loans, inter-corporate deposits, advances orinvestments
	subsidiary) enteringinto the transaction						partytransaction	during thereporting	a result of thetransaction		corporate deposits, advances or	investments
	Name	PAN	Name	PAN	Relationship of thecounterparty with		$\frac{35}{25}$approved by	period	Openingbalance	Closingbalance	Nature ofindebtedness	Cost	Tenure	Nature (loan/advance/	Interest TenureRale		Secured/unsecured	Purpose forwhich the
								the listed entity orits subsidiary		theauditcommittee				(loan/issuanceof debt/ anyother etc.)			intercorporatedeposit/investment	(%)			funds will beutilisedby the ultimaterecipient of funds(end-usage)
34	REC Limited		POWER FINANCECORPORATION LTD.EMPLOYEES		Post-employment BenefitsPlan Trusts of UltimateHolding Company	Debt Securities Issued			4.10	1.90
35	REC Limited		J.S. Amitabh		Key Management Personnel	Unsecured Staff Loans &Advances Given			0.13	0.11
36	REC Limited		Shri Ajoy Choudhary		Key Management Personnel	Unsecured Staff Loans &Advances Given			0.09	0.07
37	REC Limited		J.S. Amitabh		Key Management Personnel	Interest Income on StaffLoans		0.02
38	REC Limited		Shri Ajoy Choudhary		Key Management Personnel	Interest Income on StaffLoans		0.02
39	REC Limited		Shri Sanjeev KumarGupta		Key Management Personnel	Repayment of UnsecuredStaff Loans & Advances		0.01
40	REC Limited		Shri Ajoy Choudhary		Key Management Personnel	Repayment of UnsecuredStaff Loans & Advances		0.04
41	REC Limited		J.S. Amitabh		Key Management Personnel	Repayment of UnsecuredStaff Loans & Advances		0.05
42	REC Limited		Shri Ajoy Choudhary		Key Management Personnel Finance Costs - Interest Paid			0.01
43	REC Limited		J.S. Amitabh		Key Management Personnel Finance Costs - Interest Paid			0.01
44	REC Limited		Shri Ajoy Choudhary		Key Management Personnel	Debt Securities Issued				0.06
45	REC Limited		J.S. Amitabh		Key Management Personnel	Debt Securities Issued				0.11
46	REC Limited		REC RetiredEmployees MedicalTrust		Post employment benefitplans of the Company	Provision/Liabilities				0.71							1.184.18
47	REC Limited		REC LTD GratuityFund		Post employment benefitplans of the Company	Provision/Liabilities			1.65	0.34
48	REC Limited		REC RetiredEmployees MedicalTrust		Post employment benefitplans of the Company	Debt Securities of theHolding Company			18.40	18.40						Csr	ration Limi	÷.
	REC Limited		REC LTD ContributoryProvident Fund Trust		Post employment benefitplans of the Company	Debt Securities of theHolding Company			1.50	1.50						Ve	$v$ De
250-	REC Limited		SH. VISHAL KAPOOR		Key Management Personnelof Ultimate HoldingCompany	Finance Costs - Interest Paid		Page 10 of T1.

					Additional disclosure of related party transactions - applicable only in case the related party transactionrelates to loans, inter-corporate deposits, advances or investments made or given by the listed .entity/subsidiary. These details need to be disclosed only once, during the reporting period when suchtransaction was undertaken.
S. No	Details of the party(listed entity/subsidiary) enteringinto the transaction				Details of the counterparty	Type of relatedparty transaction	Value of therelatedpartytransaction	Value oftransactionduring thereporting	In case monies aredue to either party aa result of thetransaction		In case any financial indebtedness isincurred to make or give loans, inter-corporate deposits, advances or	investments	Details of the loans, inter-corporate deposits, advances orinvestments
	Name	PAN	Name	PAN	Relationship of thecounterparty withthe listed entity orits subsidiary		$\overline{\phantom{a}}$approved bytheauditcommittee	period	Openingbalance	Closingbalance	Nature ofindebtedness(loan/issuanceof debt/ anyother etc.)	Cost	Tenure	Nature (loan/advance/intercorporatedeposit/investment	InterestRate$(%)$	Tenure	Secured/unsecured	Purpose forwhich thefunds will beutilisedby the ultimaterecipient of funds(end-usage)
51	REC Limited		SMT. PARMINDERCHOPRA		of Ultimate HoldingCompany	Key Management Personnel Finance Costs - Interest Paid		0.01
52	REC Limited		MR. RAVINDERSINGH DHILLON		of Ultimate HoldingCompany	Key Management Personnel Finance Costs - Interest Paid		$0^{**}$
53	REC Limited		SH. VISHAL KAPOOR		Key Management Personnelof Ultimate HoldingCompany	Debt Securities Issued				0.01
54	REC Limited		SMT. PARMINDERCHOPRA		Key Management Personnelof Ultimate HoldingCompany	Debt Securities Issued				0.14
55	REC Limited		MR. RAVINDERSINGH DHILLON		Key Management Personnelof Ultimate HoldingCompany	Debt Securities Issued			0.02	0.02
56	REC Limited		MR. MANISH KUMAR		Key Management Personnelof Ultimate HoldingCompany	Debt Securities Issued				$0**$

** Denotes amount less than Rs. Fifty thousand.

$\sim$