REC Limited’s Board of Directors will meet on Sunday, June 28, 2026. The board will consider and approve the formal merger scheme with Power Finance Corporation (PFC).
This meeting follows the receipt of presidential approval for the consolidation earlier in June 2026. The 2026-27 budget first announced the merger to enhance scale and operational efficiency.
PFC has held a 52.63% controlling stake in REC since March 2019. The formal amalgamation will create a dominant entity in the power financing landscape.