REC Limited (RECLTD) — Board Meeting

📢 Key Event
REC Limited notified of SEBI SE listing regulation non-compliance with board composition rules

🔄 What Changed
Total fine of ₹531,000 (including ₹81,000 GST) imposed for board composition violations

🔮 What's Next
Board to request Ministry of Power to expedite Independent Director appointments

💡 Investor Takeaway
Investors should note the ₹531,000 fine and potential daily penalties until board composition is corrected

REC Limited received a SEBI SE listing regulation notice on May 27, 2026 regarding non-compliance with board composition rules for the quarter ended March 31, 2026. The notice imposes a total fine of ₹531,000 including GST, with daily penalties continuing until compliance. The Board reviewed the matter on June 28, 2026 and plans to request the Ministry of Power to expedite Independent Director appointments, noting that appointment powers rest with the President of India through the Ministry. The Company Secretary confirmed the fine details and payment instructions.

📄 View Original Announcement (PDF)

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