REC Limited Welcomes New Nominee Director on Board
REC Limited announced an addition to its board of directors with the nomination of Shri Rajiv Ranjan Jha, Director (Projects) of Power Finance Corporation Limited (PFC).The appointment was made based on the provisions of the Share Purchase Agreement dated March 20, 2019, executed between the President of India and Power Finance Corporation Limited (PFC). The Ministry of Power, Government of India, issued its Office Order No. F.No. 27-46/1/201S-Office of KKM (DIR) dated April 6, 2026, conveying the approval of the Competent Authority for Shri Rajiv Ranjan Jha to serve as a Nominee Director of PFC on the board of REC.
Details regarding the appointment of Shri Rajiv Ranjan Jha are provided in the following table:
| Particulars | Details for Shri Rajiv Ranjan Jha (DIN: 03523954) |
|---|---|
| Reason for change | Appointment on the Board of REC Limited as the Nominee Director of Power Finance Corporation Limited (PFC) |
| Date of Appointment | With effect from April 6, 2026 |
| Term of Appointment | Ministry of Power conveyed the approval of Competent Authority for nomination of Shri Rajiv Ranjan Jha (DIN: 03523954) Director (projects), PFC as Nominee Director of PFC, on the Board of REC with effect from April 6, 2026. |
| Brief Profile | Shri Rajiv Ranjan Jha has been working with PFC since March 1997. He has been holding charge of Director (Projects), PFC since October 28, 2021. He holds Bachelor's Degree In Science (Mechanical Engg.) from NIT Jamshedpur of Ranchi University and a Diploma in Management from IGNOU. He has overall 37 years of experience and had been holding the position as Executive Director (Projects), PFC since May 27, 2019. |
| Disclosure of relationships between directors | Nil |
Shri Rajiv Ranjan Jha has confirmed that he is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.
RECLTD Stock Price Movement
Shares of REC Limited are edging higher to ₹328.5 as of 1:53 PM today, rallying 0.29% in live trading. The stock activity is supported by trading robustly on a volume of 6.09 million shares.Source:
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