REC Limited
REC is a Central Public Sector Undertaking under the Ministry of Power involved in financing projects in the complete power sector value chain from generation to distribution.
What REC files
- Others253
- Important48
- Updates42
- Dividend/Bonus26
- Investor Meet18
- Board Meeting16
REC received fines totaling ₹0.11 Cr from stock exchanges for non-compliance with board composition rules. The company's board noted the fines and requested a waiver, stating director appointments are handled by the Ministry of Power.
REC's board noted fines from exchanges totaling over 0.10 Cr for non-compliance with board composition. The company cites independent director appointments by Ministry of Power as beyond its control and is seeking waivers.
REC received fines totaling over Rs. 10.85 Lakh from NSE and BSE for insufficient independent directors on its Board. The company noted the non-compliance but stated director appointments are controlled by the Ministry of Power, actively seeking a fine waiver.
REC was fined for Board & committee composition non-compliance. Board highlighted Ministry of Power's role in Independent Director appointments, seeking waivers for pending issues. Fines for Audit & Remuneration committees were already waived as REC now complies with those requirements.
REC, a pivotal infrastructure financier, is significantly expanding beyond power into airports, metro, highways, and ports. It's a key implementer for the ₹75,021 Cr PM Surya Ghar scheme and nodal agency for Revamped Distribution Sector Scheme across 19 states. Green energy financing is booming: renewable loan book up 49% YoY,...