Power Finance Corporation (PFC) has announced that its Board of Directors is set to meet on 16th May 2026 to deliberate on the merger with REC. This meeting follows the provisions outlined in the Articles of Association of the company.
The corporation had previously communicated on 25th March 2026, regarding the closure of the trading window for its equity shares and listed debt securities, including tax-free bonds. The trading window was initially closed on 1st April 2026 and was expected to reopen on 16th May 2026. However, PFC has now confirmed that the trading window will remain closed until further notice.
During this period, all designated persons and their immediate relatives have been advised against dealing in PFC’s equity shares or securities. The company emphasised adherence to its ‘Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Conduct for Regulating, Monitoring & Reporting of Trading in the Securities of Power Finance Corporation Limited’.
The upcoming board meeting is a significant step in the merger process between PFC and REC, aiming to streamline operations and enhance financial synergies.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).