REC Limited informed the stock exchanges that Power Finance Corporation Ltd submitted a declaration under Regulation 31(4) of the SEBI Takeover Regulations to the audit committee of REC Limited. PFC, a Government of India undertaking and promoter of REC Limited, made the declaration through the company secretary of REC Limited on April 8, 2026. PFC holds a substantial stake in REC Limited.
PFC declared that PFC, along with persons acting in concert, has not created any encumbrance, directly or indirectly, on the shares of REC Limited for the financial year 2025-26. The declaration confirmed that no REC Limited shares held by PFC or persons acting in concert were pledged during the annual period. The declaration covers all REC Limited shares held by PFC and persons acting in concert.
The declaration was signed by the company secretary and compliance officer of PFC on April 8, 2026. PFC is registered at Urjanidhi, 1 Barakhamba Lane, Connaught Place, New Delhi with the corporate identity number L65910DL1986GOI024862.
Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations requires promoters who have previously made disclosures under the code to provide an annual declaration on whether any encumbrance has been created on the shares held by them.
PFC submitted the disclosure to the National Stock Exchange and BSE on June 19, 2026. The annual declaration covers the encumbrance status of REC Limited shares held by PFC for the fiscal year 2025-26. The filing meets the annual compliance requirement under the takeover regulations for promoters of listed entities.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.