Bigul

REC Ltd - 532955 - Submission Of Requisite Documents For Claiming Exemption From TDS Or Deduction Of Tax At Lower Rates, On Dividend To Be Paid To Shareholders.

This is in furtherance of our earlier letter of even date inter-alia intimating about declaration of 3rd interim dividend @ ?6/- per equity share of ?10/- each for the financial year 2021-22. In this regard, it is pertinent to mention that as per provisions of Income tax Act, 1961, dividend income is taxable in the hands of shareholders and the Company is required to deduct tax at source (TDS) at the time of making payment of dividend, at the rates prescribed in the Income Tax Act, 1961. However, in case a shareholder wants that his/her tax should be deducted at lower rates or no tax should be deducted, then he/she should submit scanned copy of PAN, form 15G/15H & other requisite documents for the financial year 2021-22, unless already submitted, on or before February 16, 2022.
04-02-2022
Bigul

REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in Directorate

In compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 and in furtherance of our earlier letter dated February 3, 2022, this is to inform that the Board of Directors of REC in its meeting held on February 4, 2022, has appointed Smt. Parminder Chopra (DIN 08530587) as Additional Director on the Board of REC, as nominee of Power Finance Corporation Limited with effect from February 4, 2022, subject to the approval of shareholders of the Company.
04-02-2022
Bigul

REC Ltd - 532955 - Approval Of Board Of Directors For (I) Incorporation Of Twelve (12) Spvs As Wholly Owned Subsidiaries Of RECPDCL, Wholly Owned Subsidiary Of REC; And (Ii) Sale And Transfer Of Gadag Transmission Limited, Wholly Owned Subsidiary Of RECPDCL And Also Of REC.

In compliance of Regulation 30 read with Schedule III of SEBI (LODR) Regulations 2015, this is to inform that the Board of Directors of REC Limited, in its meeting held on February 4, 2022, inter-alia also approved the following:- 1. Incorporation of twelve (12) project-specific special purpose vehicles (as per Annexure I enclosed), as wholly owned subsidiaries of REC Power Development & Consultancy Limited (RECPDCL), for development of inter-state transmission projects allocated by Ministry of Power, Government of India. The companies to be incorporated will also be subsidiary companies of REC Limited, in terms of the provisions of Section 2(87) of the Companies Act, 2013. 2. Sale and transfer of Gadag Transmission Limited to ReNew Transmission Ventures Private Limited, the successful bidder selected through tariff based competitive bidding process.
04-02-2022
Bigul

REC Ltd - 532955 - Record Date For 3Rd Interim Dividend For The Financial Year 2021-22.

The Board of Directors of REC Limited in its meeting held on February 4, 2022 has declared 3rd interim dividend @ ?6/- (Rupees Six only) per equity share of ?10/- each for the financial year 2021-22. Further, the record date for the said interim dividend is Wednesday, February 16, 2022 and the said interim dividend shall be paid/dispatched on Thursday, March 3, 2022.
04-02-2022
Bigul

REC Ltd - 532955 - Corporate Action-Board approves Dividend

Declaration of 3rd interim dividend @ ?6/- (Rupees Six only) per equity share of ?10/- each for the financial year 2021-22.
04-02-2022
Bigul

REC Ltd - 532955 - Submission Of Unaudited Financial Results (Standalone & Consolidated) Of REC For The Quarter & Nine Months Ended December 31, 2021 And Declaration Of 3Rd Interim Dividend For The Financial Year 2021-22.

Approval of Board of Directors of REC for: 1. Unaudited financial results (standalone & consolidated) of the Company for the quarter and nine months ended December 31, 2021. 2. Declaration of 3rd interim dividend @ ?6/- (Rupees Six only) per equity share of ?10/- each for the financial year 2021-22.
04-02-2022
Bigul

REC Ltd - 532955 - Announcement under Regulation 30 (LODR)-Change in Directorate

In compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, this is to inform that in terms of Clause 5.1 of Share Purchase Agreement entered between President of India, acting through Ministry of Power, Government of India with Power Finance Corporation Limited (PFC), Ministry of Power vide letter dated February 2, 2022 has conveyed the approval of Competent Authority for appointment of Smt. Parminder Chopra (DIN 08530587) on the Board of REC with immediate effect, in place of Shri Praveen Kumar Singh (DIN 03548218). Smt. Chopra is not inter-se related to any other Director of the Company. Further, we would also like to inform you that as per declarations given by her, Smt. Parminder Chopra is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.
03-02-2022
Bigul

REC Ltd - 532955 - Board to consider Third Interim Dividend

With reference to the eariler letter dated January 21, 2022, REC Ltd has now informed BSE that the Board of Directors of the Company in its meeting scheduled on February 04, 2022 will inter alia also consider a proposal for declaration of 3rd interim dividend for the financial year 2021-22.
31-01-2022
Bigul

REC Ltd - 532955 - Update on board meeting

REC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/02/2022 ,inter alia, to consider and approve In continuation of our letter dated January 21, 2022 and in pursuance of Regulation 29 of SEBI (LODR) Regulations, 2015, it is informed that the Board of Directors of REC Limited, in its meeting scheduled on Friday, February 4, 2022 will inter-alia also consider a proposal for declaration of 3rd interim dividend for the financial year 2021-22.
31-01-2022
Bigul

REC Ltd - 532955 - Board Meeting Intimation for For Consideration Of Unaudited Financial Results (Standalone & Consolidated) Of The Company For The Third Quarter And Nine Months Ended December 31, 2021.

REC Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/02/2022 ,inter alia, to consider and approve unaudited financial results (standalone & consolidated) of the Company for the third quarter and nine months ended December 31, 2021. Further, the trading window for trading in REC equity shares and listed debt securities (tax free bonds etc.) will remain closed from January 1, 2022 to February 6, 2022 and will open with effect from February 7, 2022. During the above-mentioned closure period, all designated persons and their immediate relatives are advised not to deal in REC's equity shares/securities.
21-01-2022
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