REC LIMITED — Capital/Financing Update 2025

May 30, 2025

SEC-1/187(2)/2025/2300

Dated: May 30, 2025

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लिसटग लिभागनशनल सॉक एकचज ऑफ इडिया डलडिटिएकचज पाजा,बादा कला कॉमक,बादा (पर), िबई - ४०० ०५१	कॉरोरट सबध लिभागबीएसई डलडिटिपहली िडजल,फीरोज जीजीभोय टारसदलाल सीट, फोट, िबई - ४०० ००१
सिर कोड—RECLTD	सिर कोड—532955
Listing DepartmentNational Stock Exchange of India LimitedExchange Plaza, Bandra Kurla Complex,Bandra (East), Mumbai–400 051.	Corporate Relationship DepartmentBSE Limited1stFloor, Phiroze Jeejeebhoy TowersDalal Street, Fort, Mumbai–400 001.
Scrip Code—RECLTD	Scrip Code—532955

Sub: Intimation of sale and transfer of project specific SPV / subsidiary.

िहोदय / िहोदया ,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that after receipt of necessary consideration by REC Power Development and Consultancy Limited (“RECPDCL” - a wholly owned subsidiary of REC Limited), the entire shareholding of WRNES Talegaon Power Transmission Limited, comprising of 50,000 equity shares, held by RECPDCL, has been transferred at par value along with all its assets and liabilities on May 30, 2025 to the successful bidder selected through tariff based competitive bidding process.

Hence, with effect from the aforesaid date, the project specific SPV/subsidiary is not the subsidiary of RECPDCL & REC Limited. The other requisite details are attached herewith as Annexure-1.

यह आपकी जानकारी के डलए है।

धन्यर्ाद ,

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Jyoti Shubhra Amitabh Digitally signed by Jyoti Shubhra Amitabh DN: c=IN, o=Personal,CID - 6992566, pseudonym=20240829162233235, 2.5.4.20=96ed5c3c20972a0f47df962fdc4a780c9e9024cf91b3ff6f7d5f85abae7d8510, postalCode=201301, st=Uttar Pradesh, title=0573, serialNumber=159303584c6c1556d495ded817d8acafb7052d4bc2ffef2356115a0e92ae00ac, cn=Jyoti Shubhra Amitabh Date: 2025.05.30 17:42:18 +05'30' ( जे. एस. अलिताभ ) काययकारी लिदेशक एििं किंर्पिी सलिि

संलग्न : ऊपरोक्त अनुसार

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Annexure-1

Details of sale and transfer of Subsidiary

Sl.No.	Particulars	Details
1.	The amount and percentage of the turnover or revenueor income and net worth contributed by such unit ordivision of the listed entity during the last financialyear.	Negligible
2.	Date on which the agreement for sale has been enteredinto.	The Share Purchase Agreement (SPA) has been executed betweenRECPDCL & successful bidder on 30.05.2025.Consideration comprises of professional fee of₹14.55 crore & reimbursementof expenses.
3.	The expected date of completion of sale/disposal.
4.	Consideration received from such sale/disposal.
5.	Brief details of buyer and whether the buyers belong tothe promoter/ promoter group/group companies. Ifyes, details thereof.	Name of SPV: WRNES Talegaon Power Transmission LimitedName of Successful Bidder: Adani Energy Solutions LimitedIt is pertinent to mention that the successful Bidder mentioned above, doesnot belong to Promoter and Promoter group.
6.	Whether the transaction would fall within related partytransactions? If yes, whether the same is done at "arm'slength".	The transaction does not fall under the purview of related party transaction.
7.	Whether the sale, lease or disposal of the undertaking isoutside Scheme of Arrangement? If yes, details of thesame including compliance with regulation 37A ofLODR Regulations.	Not Applicable
8.	Whether the transaction is in the nature of Slump Sale.	The proposal for sale and transfer of WRNES Talegaon Power TransmissionLimited, to the successful bidder as per details given in Point no. 5 above isnot in the nature of slump sale.Further, the consideration for sale & transfer of SPV is determined inaccordance with the Guidelines issued from time to time by the Ministry ofPower, Government of India.

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