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BSE SENSEX
74,339.44
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Corporate Announcement
Security Code
532955
Company
REC Ltd
Exchange Received Time
07/08/2020 15:37:11
Exchange Disseminated Time
07/08/2020 15:37:27
Time Taken
00:00:16
Outcome Of Board Meeting - Submission Of Unaudited Financial Results (Standalone & Consolidated) For The First Quarter Ended June 30, 2020 And Approval For Raising Of Funds Through Private Placement. |
08/07/20 15:37
In pursuance of Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Unaudited Financial Results (Standalone & Consolidated) of the Company for the first quarter ended June 30, 2020 in the prescribed format which have been reviewed by the Audit Committee and approved & taken on record by the Board of Directors of the Company in their Meetings held on August 7, 2020.
The said Financial Results have been subjected to Limited Review by M/s. O.P. Bagla & Co. LLP and M/s. S.K. Mittal & Co., Chartered Accountants and a copy of the Limited Review Report is enclosed.
Further, it is informed that the Board of Directors of REC Limited in the said meeting also approved the proposal of raising of funds through issue of unsecured/secured non-convertible bonds/debentures through Private Placement, upto an amount of Rs. 85,000 crore, in one or more tranches, subject to approval of shareholders in this regard in the ensuing Annual General Meeting.
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