REC Limited informed that in terms of Clause 5.1 of Share Purchase Agreement entered between President of India, acting through Ministry of Power, Government of India with Power Finance Corporation Limited (PFC), Ministry of Power vide letter dated July 11, 2023 has conveyed the approval of Competent Authority for nomination of Shri Manoj Sharma (DIN 06822395) on the Board of REC Limited with immediate effect, in place of Smt. Parminder Chopra .