REC Limited informed that the Board of Directors of the company in its meeting held on March 27, 2024, inter-alia considered and approved the following: Market Borrowing Programme of the Company for the financial year 2024-25 as under: Domestic Bonds/Debentures including but not limited to Infrastructure, Zero Coupon, Perpetual, Subordinate, Inflation-Indexed, Tax-Free, Principal Protected, Market Linked, Green Bonds, Environmental, Social, and Governance (ESG) Bonds, Partly Paid, Separately Transferable Redeemable Principal Parts (STRPP), Staggered Maturity, Cumulative Interest, Step Up Coupon, Bonds forming part of Bond ETF's, or any other Bonds/Debentures, with/without interest rate swaps/options with/without the same being embedded in the Bonds/Debentures structure, as may be permitted by the Regulatory Authorities from time to time whether Unsecured/Secured, Non-convertible, Redeemable, Taxable/Tax-free whether on private or public placement basis; Capital Gains Tax Exemption Bonds u/s 54EC of Income Tax Act, 1961; Rupee Term Loans from Banks/FIs/NBFCs/Corporates/Other Institutions; Foreign Currency Term Loans and External Commercial Borrowings (ECBs) including but not limited to /Foreign Currency Bonds/Rupee Offshore Bonds (Masala or any other bonds)/Green Bonds, Environmental, Social, and Governance (ESG) bonds etc.; Export Credit Assistance (ECAs); Official Development Assistance Loans (Long/Medium/Short Term); Foreign Currency Convertible Bonds (FCCBs); Foreign Currency Non-resident (Bank) [FCNR (B) Loans; Export ODA loans from Banks/FIs/NBFCs/Other Institutions/Multilateral Funding Agencies etc. (excluding rollovers) of INR 145,000.