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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
REC Ltd
REC Ltd Completes Sale of Two Project SPVs for Power Transmission
M&A ▲ Positive Development LOW RISK
📅 Filed on BSE: 12 Oct 2026, 06:23 PM IST  ·  BSE ID: 9d35aa4f-6545-4ed7-a0b3-95a83cca1320
View Original BSE Filing (PDF)
💡
In Simple Terms
REC Ltd's subsidiary sold two power transmission project companies to Ceigall India and Power Grid Corporation.
🤖 AI Summary
  • RECPDCL transferred 50,000 equity shares of Jam Khambhaliya Jamnagar Power Transmission Limited to Ceigall India Limited.
  • RECPDCL transferred 50,000 equity shares of Lakadia II Power Transmission Limited to Power Grid Corporation of India Limited.
  • Consideration for Jam Khambhaliya Jamnagar Power Transmission Limited was ₹8,39,86,174/- (including taxes).
  • Consideration for Lakadia II Power Transmission Limited was ₹8,42,62,593/- (including taxes).
  • Both project-specific SPVs ceased to be subsidiaries of RECPDCL and REC Limited on October 12, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consideration for Jam Khambhaliya Jamnagar Power Transmission Limited
₹8,39,86,174/-
Consideration for Lakadia II Power Transmission Limited
₹8,42,62,593/-
Equity shares transferred per subsidiary
50,000 equity shares
🏢 How This Affects the Company
📈
Business Impact
REC Limited's subsidiary RECPDCL divests from two project-specific SPVs, Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited. This aligns with a strategy to monetize completed projects.
💰
Financial Impact
REC Limited received a total consideration of ₹8,39,86,174/- and ₹8,42,62,593/- from the sale of the two project SPVs, boosting cash reserves. The contribution of these units to turnover and net worth was negligible.
⚙️
Operational Impact
The operational responsibility for the two power transmission projects, Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited, transfers to the successful bidders.
⚠️
Risk Impact
The transaction reduces project-specific development and operational risks associated with these two SPVs for REC Limited.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this specific filing.
👤
Who Is Affected
All shareholders of REC Limited are indirectly affected by the company's asset monetization strategy and the resulting cash inflow from the sale of these project-specific SPVs.
🔍
Management Signal
The management's decision to divest project-specific SPVs to successful bidders indicates a focus on asset monetization and project development cycle completion.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Upcoming financial results — check cash flow statement impact from these sales.
Future intimations of SPV sales — monitor ongoing asset monetization strategy.
Updates on the proposed merger with Power Finance Corporation.
LOW RISK The transaction is a routine divestment of negligible-contributing assets, reducing specific project risks.
💡 Investor Takeaway
REC Limited's wholly owned subsidiary, RECPDCL, completed the sale of two project SPVs, Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited, for a combined consideration of ₹8,39,86,174/- and ₹8,42,62,593/- (including taxes) on October 12, 2026.
⚖️ Strengths & Concerns

✅ Positives

  • Total consideration of ₹8,39,86,174/- and ₹8,42,62,593/- received from the sale adds to REC Limited's cash position.
  • Divestment of negligible contributing SPVs allows focus on core operations and monetizes developed assets.
📅 Company Track Record
REC Ltd has previously intimated the sale and transfer of project specific SPVs/Subsidiaries, including two SPVs for ₹33,26,46,026/- on July 29, 2026, and two others for ₹8,61,68,233/- and ₹11,92,59,679/- on June 30, 2026. The company also received Presidential approval for its proposed merger with Power Finance Corporation on June 10, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What project specific SPVs did REC Ltd's subsidiary sell on October 12, 2026?
REC Power Development and Consultancy Limited (RECPDCL) sold Jam Khambhaliya Jamnagar Power Transmission Limited and Lakadia II Power Transmission Limited.
What was the consideration received for Jam Khambhaliya Jamnagar Power Transmission Limited?
The consideration received for Jam Khambhaliya Jamnagar Power Transmission Limited was ₹8,39,86,174/- (including taxes).
What was the consideration received for Lakadia II Power Transmission Limited?
The consideration received for Lakadia II Power Transmission Limited was ₹8,42,62,593/- (including taxes).
Who were the successful bidders for the REC Ltd subsidiary SPVs?
Ceigall India Limited acquired Jam Khambhaliya Jamnagar Power Transmission Limited, and Power Grid Corporation of India Limited acquired Lakadia II Power Transmission Limited.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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