Power Finance Corporation Ltd. (PFC) has announced that its Board of Directors will meet on May 16, 2026, to advance discussions regarding the strategic merger between PFC and REC. In conjunction with this meeting, the company has confirmed that the trading window for its securities, which has been closed since April 1, 2026, will continue to remain suspended until further notice. Designated persons are prohibited from trading during this period.
Upcoming Board Meeting Details
The Board of Directors of Power Finance Corporation Ltd. is scheduled to convene on May 16, 2026. The primary objective of this meeting is to further deliberate and finalize matters concerning the ongoing merger between PFC and REC. This meeting is being conducted in strict adherence to the company’s internal governance and articles of association.
Trading Window Restrictions
The company has extended the closure of its trading window, which was initially restricted on April 1, 2026. Although there was an earlier intimation regarding a potential reopening on May 16, 2026, the management has now clarified that the trading window for Equity Shares and Listed Debt Securities will remain closed until further notice.
Compliance for Designated Persons
In light of these developments, all designated persons and their immediate relatives are strictly prohibited from engaging in any trading activities involving PFC securities. This includes buying, selling, or pledging shares. Compliance with this directive is mandatory to ensure transparency and prevent the misuse of unpublished price-sensitive information during this critical phase of the merger discussions.
Source: BSE
