REC Limited — Others, 30-11-2024: Change in Management

REC Limited has announced a change in senior management, with Ms. Malathi Sundararajan ceasing her role as Executive Director and Chief Risk Officer due to superannuation. With effect from December 1, 2024, Shri Subrata Aich will step in as the new Chief Risk Officer. Aich brings over 27 years of extensive experience in financial accounting, lending operations, and fund management.

This leadership transition is expected to strengthen REC’s risk management framework and stability in operations. Investors may view this as a positive outlook, given Aich's solid background, which could enhance confidence in the company's strategic direction.