⚡ REC ARM SELLS JALNA POWER TRANSMISSION SPV TO MAHATRANSCO ⚡

• 🔄 REC's wholly-owned subsidiary RECPDCL transferred its entire stake in Jalna Power Transmission Ltd • 🏗️ SPV sold to Maharashtra State Electricity Transmission Company Ltd (MSETCL) through tariff-based competitive bidding • 💰 REC received ₹3.22 Cr (including taxes, professional fees & expense reimbursements) • 📅 Transaction completed on 12 June 2026 • 🚫 Buyer is not related to REC's promoter group and transaction is not a related-party deal • 📊 Jalna Power Transmission's contribution to REC's revenue and net worth was negligible 🟡 Impact: Neutral (Routine transfer of a project SPV to the successful bidder under the power transmission bidding process)

OM POWER TRANSMISSION LTD

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