REC LIMITED — Capital/Financing Update 2024

Jul 30, 2024

==> picture [47 x 24] intentionally omitted <==

==> picture [109 x 34] intentionally omitted <==

==> picture [198 x 95] intentionally omitted <==

Jyoti Shubhra Digitally signed by Jyoti Shubhra Amitabh DN: c=IN, o=Personal, title=0573, pseudonym=133065811914836276Dm3B8269pXyOd3, 2.5.4.20=90de92ff366d85bfab279748dedfb1a88a5af19e87ea57b3f19ab9d20d92f4e8, postalCode=201301, st=Uttar Pradesh, serialNumber=159303584c6c1556d495ded817d8acafb7052d4bc2ffef2356115a0e92ae00ac, Amitabh cn=Jyoti Shubhra Amitabh Date: 2024.07.30 18:51:59 +05'30'

SI.No.	Particulars	NERGS-lPowerTransmissionLimited
t.	Theamountand percentageofthe turnoverorrevenueorincome and net worthcontributed by sucb unitordivisionofthelisted entity during the last financial year.	Negligible
2.	Date on which the agreementForsale has been entered into.	TheShare Purchase Agreement (SPA) has executed betweenRECPDCL&successful bidderon30.07.2024.Considerationcomprises professional feeofRs. 5 Cr.&reimbursementofexpenses.
3.	Theexpected dateofcompletionofsale/disposal.
4.	Consideration received from such sale/ disposal.
5.	Brief detailsofbuyerand whether the buyers belong to thepromoter/promotergroup/groupcompanies.Ifyes, detailsthereoF.	NameofSPY:NERGS-IPowerTransmissionLimitedNameofSuccessfulBidder: M/sTechno Electric&Engineering CompanyLimitedItis peltinent to mention that the successfulBidder mentioned above, docsnotbelong to Promoter andPromotergroup.
6.	WhetherI he transaction wouldfallwithin related partytransactions?Ifyes, whetber the same is doneat"arm'slength".	Thetransaction does notfallwithin Ihe purviewofrelated party transaction.
7.	whet herthe sale, leaseordisposalofthe undertaking isoutside SchemeofArrangement? If yes, details of the sameincl uding compliance with regulation37AofLODRRegulations.	NotApplicable
8.	Whetherthe transactionisinthe natureofSlumpSale.	Theproposal for sale and transferofNERGS-1 Power Transmission Limited,10the successfulbidder as per details giveninPoint no. 5 above is not inthenatureofslumpsale.Further, the consideration for sale&transferofSPVs is determined inaccordance with the Guidelines issued from time to time by the Minist!)' of!Power, GovernmenlofIndia.