REC Limited has issued a clarification regarding a news item published on February 2/3, 2026, in "economictimes.indiatimes.com" concerning a potential merger between PFC and REC. The company stated that it is not engaged in any such discussions or negotiations and that the news item is not based on information available with REC. However, REC Limited noted that the Union Budget 2026-27, announced on February 1, 2026, proposed a restructuring of Power Finance Corporation and Rural Electrification Corporation as a first step towards achieving scale and improving efficiency in Public Sector NBFCs. The company further clarified that the material impact of the budget announcement is proposed to be deliberated in the next Board meeting. REC Limited affirmed that it has made and will continue to make disclosures in compliance with listing regulations and is not withholding any material information.
