REC Limited Appoints Interim Director (Finance) After Harsh Baweja Retires | February 2026 Update

Mumbai, February 1, 2026 – REC Limited, a leading public sector enterprise in India, announced a significant change in its board of directors today. Shri Harsh Baweja, Director (Finance) and Chief Financial Officer of REC, has superannuated from the company, effective January 31, 2026.

With his departure, Shri Baweja has officially ceased to hold the positions of Director (Finance) and CFO of the company from February 1, 2026. During his tenure, he played a pivotal role in strengthening REC’s financial strategy and corporate governance.

The Ministry of Power, Government of India, has assigned the additional charge of Director (Finance) to Shri Jitendra Srivastava (IAS), Chairman & Managing Director of REC. Shri Srivastava will hold this role for a period of three months, or until a regular incumbent is appointed, or until further notice – whichever comes first.

The company has informed the stock exchanges – BSE and NSE – about this leadership transition in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This move ensures continuity in financial leadership at REC as the company continues to focus on its strategic growth initiatives and robust governance practices.

About REC Limited:
REC Limited is a public sector enterprise under the Ministry of Power, Government of India, engaged in financing and promoting power sector projects across the country.