New Delhi: REC Limited has announced a key change in its senior management, appointing Mohammed Azaz Ali as the new Chief Compliance Officer (CCO), effective May 17, 2026. The appointment follows the completion of the three-year tenure of outgoing CCO Hemant Kumar.
The company informed stock exchanges—NSE and BSE—through a regulatory filing in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Smooth Transition in Compliance Leadership
According to the official disclosure, both the cessation of Hemant Kumar’s tenure and the appointment of Mohammed Azaz Ali became effective on the same date, ensuring a seamless leadership transition.
This move is aimed at maintaining continuity in governance and regulatory compliance within the organization.
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Profile of New Chief Compliance Officer
Mohammed Azaz Ali has been elevated from his previous role as General Manager (Finance) within REC.
His professional background includes:
- Bachelor’s degree in Electronics Engineering
- MBA in Finance
- Extensive experience in finance and governance functions at REC Limited
The company confirmed that there are no inter-se relationships associated with his appointment.
Hemant Kumar Completes Successful Tenure
Outgoing CCO Hemant Kumar completed his three-year term on May 17, 2026. During his tenure, he played a key role in strengthening compliance systems and ensuring regulatory adherence in the organization.
REC Limited acknowledged the completion of his tenure as part of a planned leadership cycle.
Appointment in Line with SEBI Regulations
The change in senior management was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The communication was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited, confirming full regulatory compliance.
Importance of Compliance Leadership in PSU Sector
The appointment is significant as compliance leadership plays a crucial role in public sector financial institutions like REC, especially in regulated sectors such as power financing.
Key outcomes expected from the transition include:
- Strong governance continuity
- Enhanced regulatory compliance
- Stable senior management structure
- Improved risk management oversight
The leadership transition at REC Limited reflects its focus on maintaining strong governance and regulatory discipline. With Mohammed Azaz Ali stepping in as Chief Compliance Officer, the company aims to ensure seamless compliance operations and continued support to India’s power and infrastructure financing ecosystem.
About REC Limited
REC Limited is a leading public sector enterprise under the Government of India engaged in power sector financing. The company provides financial assistance for power generation, transmission, and distribution projects, playing a key role in strengthening India’s energy infrastructure.
