REC LTD : BOARD COMMENTS ON FINE LEVIED BY EXCHANGES

• REC notes non-compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 for Q1 2026. • The matter was placed before the Board on September 19, 2026, noting non-compliance and imposed fines. • Board desires follow-up with Ministry of Power to expedite appointment of Independent Directors. • Company states appointment power vests with President of India via Ministry of Power; seeks waiver of fines. • Fines levied by NSE and BSE cumulatively amount to ₹10.77 Lakhs (including GST) as of August 25, 2026. Impact: Neutral (Procedural communication regarding regulatory fines and director appointments.)

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