REC Limited (RECLTD)
Intimation of sale and transfer of project specific SPV/Subsidiary.
Sale and transfer of project specific subsidiary Balsane Power Transmission Limited completed on September 28, 2026.
- Entire shareholding of 50,000 equity shares transferred by RECPDCL, REC Limited's wholly owned subsidiary
- Consideration received: Rs 5,59,19,024 inclusive of taxes and fees
- Buyer: Resonia Limited, not related to promoter or promoter group
- Transaction is not a related party transaction or slump sale
- Sale price determined as per Ministry of Power guidelines
Source: Original filing PDF
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🚨 RECLTD — Quarterly Results
Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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