REC Limited Appoints Rajesh Kumar as Director (Finance)
REC Limited announced the appointment of Rajesh Kumar as Director (Finance), effective April 2, 2026. The appointment was conveyed by the Ministry of Power, Government of India, through Office Order No. F. No. 2746/ S!202S·REC DESK.Rajesh Kumar, previously Executive Director (Finance) at REC Limited, has been appointed for a period of five years or until further orders, whichever occurs first. His appointment supersedes the additional charge held by Jitendra Srivastava, the current Managing Director, who relinquished the role on April 2, 2026.
Rajesh Kumar holds a Bachelor’s degree in Commerce from Shri Ram College of Commerce, Delhi University, and is a Chartered Accountant (CA) and Cost & Management Accountant (CMA). He brings over 30 years of experience in finance, taxation, audit, treasury, project appraisals, and regulatory compliance. His prior roles include serving as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL).
According to a declaration received, Rajesh Kumar is not debarred from holding the office of Director by any SEBI order or other authority.
Director Details:
| Particulars | Shri Rajesh Kumar |
|---|---|
| Reason for change | Appointment as Director (Finance) |
| Date of appointment | April 2, 2026 |
| Term of appointment | Five years w.e.f. date of assumption of charge or until further orders |
| Brief Profile | Seasoned finance professional with 30+ years of experience in accounts, taxation, audit, treasury, project appraisals and regulatory compliances. Experience includes a decade long stint with a CPSE engaged in engineering and project consultancy and over 20 years at REC Limited, RECPDCL. Instrumental in resource mobilization and introducing innovative bond structures including Tax-Efficient Hybrid Bonds, Perpetual Bonds with AAA rating, CBDT-notified Zero Coupon Bonds, and Capital Gain Bonds. |
| Disclosure of relationships with other directors | Nil |
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