REC LIMITED — Capital/Financing Update 2025

Feb 14, 2025

==> picture [148 x 34] intentionally omitted <==

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

==> picture [39 x 20] intentionally omitted <==

==> picture [141 x 35] intentionally omitted <==

==> picture [50 x 5] intentionally omitted <==

==> picture [41 x 13] intentionally omitted <==

Digitally signed by Jyoti Shubhra Amitabh Jyoti DN: c=IN, o=Personal,CID - 6992566, pseudonym=20240829162233235, Shubhra 2.5.4.20=96ed5c3c20972a0f47df962fdc4a780c9e9024cf91b3ff6f7d5f8 5abae7d8510, postalCode=201301, st=Uttar Pradesh, title=0573, Amitab serialNumber=159303584c6c1556 d495ded817d8acafb7052d4bc2ffef 2356115a0e92ae00ac, cn=Jyoti Shubhra Amitabh h Date: 2025.02.14 17:44:17 +05'30'

==> picture [120 x 17] intentionally omitted <==

Annexure-1

Details of sale and transfer of Subsidiary

Sl. No.	Particulars	Lakadia B Power Transmission Limited
1.	The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year.	Negligible
2.	Date on which the agreement for sale has been entered into.	The Share Purchase Agreement (SPA) has executed between RECPDCL & successful bidder on 14.02.2025. Consideration comprises professional fee of₹5 crore & reimbursement of 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 to the promoter/ promoter group/group companies. If yes, details thereof.	Name of SPV:Lakadia B Power Transmission Limited Name of Successful Bidder:M/s Reliance Industries Limited It is pertinent to mention that the successful Bidder mentioned above, does not belong to Promoter and Promoter group.
6.	Whether the transaction would fall within related party transactions?Ifyes, whetherthe sameis done at"arm'slength".	The transaction does not fall within the purview of related party transaction.
7.	whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation37Aof LODR Regulations.	Not Applicable
8.	Whether the transaction is in the nature of Slump Sale.	The proposal for sale and transfer of Lakadia B Power Transmission Limited, to the successful bidder as per details given in Point no. 5 above is not in the nature of slump sale. Further, the consideration for sale & transfer of SPV is determined in accordance with the Guidelines issued from time to time by the Ministry of Power, Government of India.

---