New Delhi, May 16, 2026: The Board of Directors of Power Finance Corporation Ltd. (PFC), at its meeting held on May 16, 2026, has reserved the proposal for the merger of REC Limited (REC) into PFC and authorised the Chairman and Managing Director to seek approval from the Hon’ble President of India.
The decision has been taken in accordance with the provisions of the Articles of Association of the Company and the applicable provisions of the Companies Act, 2013, read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Decisions of the BoardThe Board, inter alia, approved:
New Delhi, May 16, 2026: The Board of Directors of Power Finance Corporation Ltd. (PFC), at its meeting held on May 16, 2026, has reserved the proposal for the merger of REC Limited (REC) into PFC and authorised the Chairman and Managing Director to seek approval from the Hon’ble President of India.
The decision has been taken in accordance with the provisions of the Articles of Association of the Company and the applicable provisions of the Companies Act, 2013, read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Decisions of the Board
The Board, inter alia, approved:
