RECLTD

### Stocks Key Updates

– Subsidiary RECPDCL incorporated Dharashiv Power Transmission as a wholly owned subsidiary to act as the project SPV for the 400 kV GIS Solapur/Paranda Switching Station. (Positive) – Received strong CARE AAA/A1+ and India Ratings AAA/A1+ ratings for its bank facilities and fixed deposits, supporting its credit profile and funding access. (Positive) – Approved a new wholly owned subsidiary in India to strengthen overseas sales, marketing, business development and brand-building initiatives. (Positive)