RECLTD2026-04-152026-04-15ChangeInManagementDomain1 RECLTD2026-04-15ChangeInManagementDomain1 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares RECLTD REC LIMITED NA Appointment Chief financial officer Rajesh Kumar 2026-04-02 Shri Rajesh Kumar is a seasoned finance professional with over 30 years of experience in accounts, taxation, audit, treasury, project appraisals and regulatory compliances. He holds a Bachelor's degree in Commerce from Shri Ram College of Commerce, Delhi University, complemented by dual professional qualifications as a Chartered Accountant (CA) and Cost & Management Accountant (CMA). His career is marked by a decade long stint with a CPSE engaged in engineering and project consultancy followed by over 20 years of dedicated service at REC Limited (under the Ministry of Power) developing deep expertise in power sector financing and resource mobilisation. Shri Kumar has also served as Chief Executive Officer of REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary, leading strategic initiatives across renewable energy, inter-state transmission projects and smart metering. During his tenure at REC, Shri Kumar has been instrumental in managing diverse and complex financial portfolios, demonstrating exceptional leadership across finance and resource mobilization. He has been instrumental in transforming REC's domestic resource mobilisation strategy by introducing innovative bond structures including Tax-Efficient Hybrid Bonds, Perpetual Bonds with AAA rating, CBDT-notified Zero Coupon Bonds, and Capital Gain Bonds - consistently expanding the investor base and achieving meaningful reductions in the overall cost of borrowings. He has been instrumental in overseeing multilateral funding, Asset Liability Management, ESG projects and IT transformation within the organisation.