REC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/06/2026 ,inter alia, to consider and approve the Scheme of Merger amongst REC and Power ....
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MEDIUM RISK
📅 Filed on BSE: 23 Jun 2026, 08:39 PM IST · BSE ID: a26fc995-64f2-459f-aa0a-fc431d8508e9
View Original BSE Filing (PDF)
💡
In Simple Terms
REC's board will meet on June 28, 2026, to approve its merger with Power Finance Corporation.
🤖 AI Summary
- REC Ltd Board of Directors meeting scheduled for Sunday, June 28, 2026.
- Meeting to consider and approve the Scheme of Merger between REC and Power Finance Corporation Limited.
- Merger also involves their respective shareholders and creditors, as per Companies Act, 2013.
- Trading window for REC's equity shares closed since May 14, 2026, until further orders.
🏢 How This Affects the Company
The proposed merger could consolidate business operations and market positions of REC and Power Finance Corporation Limited.
Consideration and approval of the merger scheme could lead to changes in the combined entity's capital structure and financial statements.
Integration of operations, workforce, and systems between REC and Power Finance Corporation Limited would follow board approval of the merger.
The merger process involves integration risks; however, board consideration indicates progress towards a unified entity, potentially streamlining future operations.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this board meeting intimation.
👤
Who Is Affected
All shareholders are affected as the board considers a fundamental change in the company's structure through a merger with Power Finance Corporation Limited.
🔍
Management Signal
Management is progressing towards the formal approval and execution of the merger between REC and Power Finance Corporation Limited.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Outcome of Board Meeting on June 28, 2026 — check for merger scheme approval.
Announcement of merger terms and conditions, if approved by the Board.
SEBI and other regulatory approvals following Board's decision on merger.
MEDIUM RISK
Merger approval is pending; specific terms and regulatory clearances are not yet known.
💡 Investor Takeaway
REC Ltd's Board will convene on June 28, 2026, to consider and approve the merger scheme with Power Finance Corporation Limited. The trading window for REC's shares remains closed since May 14, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Board meeting specifically scheduled to consider and approve the Scheme of Merger, indicating formal progression.
- Merger process adheres to Sections 230 to 232 of the Companies Act, 2013, and SEBI Listing Regulations.
⚠️ Concerns
- Trading window for REC's equity shares remains closed since May 14, 2026, affecting designated persons.
- The filing does not provide specific financial terms or ratios of the proposed merger for immediate assessment.
📅 Company Track Record
A past filing on June 10, 2026, indicated that Presidential Approval was received for the proposed merger of REC Limited into Power Finance Corporation. This intimation follows that development, signaling progress towards formal board consideration.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
When is the REC Ltd Board meeting scheduled to consider the merger?
The meeting of the Board of Directors of REC Limited is scheduled to be held on Sunday, June 28, 2026.
What is the primary agenda of the upcoming REC Ltd Board meeting?
The primary agenda is to consider and approve the Scheme of Merger amongst REC and Power Finance Corporation Limited and their respective shareholders and creditors.
Under which provisions is the REC Ltd merger being considered?
The merger is being considered pursuant to the provisions of Section 230 to 232 and other applicable provisions of the Companies Act, 2013, and relevant Listing Regulations.
Is the trading window for REC Ltd's shares currently open?
No, the trading window was closed since May 14, 2026, and will remain closed until further orders.
Questions based on this BSE filing only. For information purposes.