REC Limited announces that its project-specific special purpose vehicle (SPV), Rajgarh III Power Transmission Limited, has been officially struck off the Register of Companies effective January 20, 2026. This action follows the regulations and provisions outlined in the Companies Act, 2013. REC Limited’s subsidiary, RECPDCL, also sees the SPV removed from its list of subsidiaries.
SPV Deregistration
Rajgarh III Power Transmission Limited, a project-specific SPV, has been removed from the Register of Companies. This action took effect on January 20, 2026. The SPV was a wholly-owned subsidiary of REC Power Development and Consultancy Limited (RECPDCL), which itself is a wholly-owned subsidiary of REC Limited.
Implications for REC Limited
With Rajgarh III Power Transmission Limited struck off, the company ceases to be a subsidiary of both RECPDCL and REC Limited. This action adheres to the regulations and provisions specified in the Companies Act, 2013.
Source: BSE
