REC Limited announced that there is change in the Senior Management positions of the company. Reason for change: Cessation of Ms. Malathi Sundararajan as Executive Director and Chief Risk Officer (CRO) of the Company due to superannuation. Appointment of Shri Subrata Aich, Executive Director as CRO of the Company.

Date of appointment and Cessation: December 1, 2024. Shri Subrata Aich is a member of the Institute of Chartered Accountants of India. He also holds bachelor's degree in commerce.

He has over 27 years post qualification experience in the field of financial accounting & planning, lending operations and fund management etc.