REC LIMITED — Capital/Financing Update 2026

Feb 26, 2026

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Dinesh Digitally signed by Dinesh Garg Date: 2026.02.26 Garg 21:43:12 +05'30'

SI. No.	Particulars	Details
l.	The amount and percentageofthe turnover or revenue orincome and net worth contributedbysuch unit or divisionofthe listed entity during the last financial year.	Negligible
2.	Date on which the agreement for salehas been enteredinto.	The Share Purchase Agreement (SPA) has been executed betweenRECPDCL&successful bidder on February 26, 2026.Consideration comprisesofacquisition priceof~2,34,28,4811- whichisinclusiveofprofessionalfee, reimbursementofexpenses and taxes.
3.	The expected dateofcompletionofsale/ disposal.Consideration received from such sale/ disposal.
4.
5.	Brief detailsofbuyer and whether the buyers belongtothepromoter/ promoter group/group companies. If yes,details thereof.	Name ofSPV: Umred Power Transmission LimitedNameofSuccessful Bidder: Maharashtra State Electricity TransmissionCompany LimitedItispertinenttomention thatthe successful Bidder mentioned above, doesnot belongto Promoter and Promotergroup.
6.	Whether the transaction wouldfallwithin related partytransactions?Ifyes, whether the sameisdone at "arm'slength".	The transaction does notfallwithin the purviewofrelated partytransaction.
7.	Whether the sale, lease or disposalofthe undertakingisoutside SchemeofArrangement?Ifyes, detailsofthesame including compliance with regulation 37AofLODRRegulations.	Not Applicable
8.	Whether the transactionisinthe natureofSlump Sale.	The proposalforsale and transferofUmredPower Transmission Limited,tothe successful bidderasper details giveninPoint no. 5 aboveisnotinthenatureofslump sale.Further, the considerationforsale&transferofSpyisdetermined inaccordance with the Guidelines issued from time to time by the MinistryofPower, Government ofIndia.
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