REC Limited has announced that a meeting of its Board of Directors is scheduled for Sunday, June 28, 2026. The primary agenda item is to consider and approve a Scheme of Merger between REC and Power Finance Corporation Limited. This crucial decision will also involve the company’s shareholders and creditors, adhering to relevant provisions of the Companies Act, 2013.
Board Meeting and Merger Proposal
REC Limited has officially announced that its Board of Directors will convene on Sunday, June 28, 2026. The key purpose of this meeting is to deliberate on and approve a significant Scheme of Merger. This proposed merger is between REC Limited and Power Finance Corporation Limited. The approval process will extend to the respective shareholders and creditors of both entities, in accordance with the provisions outlined in the Companies Act, 2013.
Trading Window Closure
In line with the company’s “Code of conduct for regulating, monitoring & reporting of trading by Designated Persons & their immediate relatives and for fair disclosure,” and following their earlier intimation dated May 13, 2026, the trading window for REC’s equity shares and other listed securities remains closed. This closure commenced on May 14, 2026, and will persist until further notice. During this period, all Designated Persons and their immediate relatives are strictly advised against engaging in any dealings concerning REC’s equity shares or other listed securities.
Source: BSE
