Mumbai: State-owned power sector financier REC Limited has announced the appointment of Mohan Lal Kumawat as Executive Director (Finance-Bonds), designating the role as a Key Managerial Personnel (KMP).
The appointment, effective April 9, 2026, was disclosed through regulatory filings submitted to the National Stock Exchange (NSE) and BSE in compliance with SEBI’s Listing Obligations and Disclosure Requirements.
Appointment Effective April 9, 2026
According to the official filing, Kumawat has been entrusted with overseeing finance operations related to bonds and capital markets. His role has been formally included under the company’s KMP framework.
The move is expected to enhance REC’s financial strategy, particularly in bond issuances and long-term infrastructure financing.
Read also: Leadership Updates: Rajesh Kumar Assumes Charge as Director (Finance) of REC Limited
Experienced Finance Professional Joins Leadership Team
Mohan Lal Kumawat brings over 30 years of experience in finance, corporate governance, and organizational planning.
Key Qualifications:
- Member of the Institute of Chartered Accountants of India (ICAI)
- Member of the Institute of Company Secretaries of India (ICSI)
- MBA in Finance
His extensive background in financial accounting and strategic planning makes him a strong addition to REC’s senior management.
Focus on Bonds and Capital Market Operations
As Executive Director (Finance-Bonds), Kumawat will play a crucial role in:
- Managing bond issuances
- Strengthening capital market fundraising
- Optimizing debt strategies
- Ensuring regulatory compliance
Industry experts believe this appointment will support REC’s expanding role in financing India’s power and infrastructure sectors.
Corporate Governance and Disclosure
REC clarified that there are no inter-director relationships linked to the appointment. The disclosure was signed by Company Secretary and Compliance Officer Dinesh Garg, ensuring transparency and regulatory compliance.
Strategic Importance for REC’s Growth
The appointment comes at a time when REC is expanding its financing portfolio across:
- Renewable energy projects
- Power transmission infrastructure
- Large-scale infrastructure development
Strengthening financial leadership is expected to boost investor confidence and support long-term funding strategies.
About REC Limited
REC Limited is a leading public sector enterprise engaged in financing power sector and infrastructure projects across India. The company plays a vital role in supporting electricity generation, transmission, and distribution, while also expanding into renewable energy financing to drive sustainable growth.
Read also: REC Limited Wins “ESG and Responsible Business Award” at Net Green Foundation Earth Awards 2026
