REC Limited — Important, 08-07-2025: Updates

REC Limited has announced a board meeting to discuss the financial results for the quarter and half-year. The company faced fines totaling Rs. 5.55 lakh for non-compliance with board composition requirements, including delays in appointing independent directors, mainly because appointments rest with the Government of India. REC is now compliant with Audit Committee and Nomination & Remuneration Committee requirements since mid-April. The board is actively following up with the Ministry of Power to expedite director appointments and seeking waiver of fines, underlining ongoing governance improvements.