Management Change7 May 2026, 03:58 pm
REC Ltd: Rajesh Kumar Agarwal Appointed as Nominee Director
AI Summary
REC Ltd. announced the appointment of Shri Rajesh Kumar Agarwal, Director (Finance) of Power Finance Corporation Limited (PFC), as Nominee Director of PFC on the Board of REC, effective May 1, 2026. This appointment is in accordance with the Share Purchase Agreement between the President of India and PFC, and approved by the Ministry of Power. Shri Agarwal has over 31 years of experience in the power and financial sectors.
Key Highlights
- Rajesh Kumar Agarwal appointed as Nominee Director of PFC on REC Board.
- Appointment effective from May 1, 2026, as per Ministry of Power approval.
- Agarwal has over 31 years of experience in power and finance sectors.
- Appointment follows Share Purchase Agreement between President of India and PFC.
- Agarwal is not debarred from holding the office of Director.
Price Impact
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