Shri Manoj Sharma (DIN: 06822395)
   Nominee Director of Power Finance Corporation Limited.

Shri Manoj Sharma has been appointed on the Board of REC Limited as the Nominee Director of Power Finance Corporation Limited, with effect from July 11, 2023. He is a Chartered Accountant with a degree in law (LLB) and currently working as Director (Commercial) in PFC.

He has more than 35 years of experience in power sector. In PFC, he has handled multiple areas & domains including institutional appraisal & development, entity appraisal, legal, taxation, budget, audit, preparation of financial statements & audit reports, financial analysis, resource mobilization, debt syndication and consultancy assignments on financial/commercial aspects in power sector. During the last 3 decades, he has been associated with entire spectrum of PFC’s loan assets, covering formulation of lending policies, putting in place policy framework to guide appraisal, compliance with applicable regulatory and statutory frameworks, monitoring conditions, facilitating disbursement, resolution mechanism for stressed accounts. He is Chairman of PFC Projects Limited, a subsidiary of PFC, an SPV incorporated for submission of lenders’ backed resolution plan by PFC for resolution of stressed assets and also Chairman of Jharkhand Infrapower Limited. Further, he’s Director on the Board of Bihar Mega Power Limited, Deoghar Mega Power Limited, PFC Consulting Limited and PFC Infra Finance IFSC Limited.

Shri Manoj Sharma holds Nil equity shares in the Company. Further, he has no inter-se relation with any other Director or Key Managerial Personnel of the Company.