REC Limited Appoints Mohammed Azaz Ali as Chief Compliance Officer (CCO) effective May 17

New Delhi, May 17, 2026: State-owned power sector financier REC Limited has announced a key change in its senior management, appointing Mohammed Azaz Ali as Chief Compliance Officer (CCO) with effect from May 17, 2026. The company disclosed the update to stock exchanges in compliance with regulatory requirements.

The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Hemant Kumar Completes Three-Year Tenure as CCO

According to the filing, the change follows the completion of the three-year tenure of Hemant Kumar, who served as Chief Compliance Officer of the company.

The cessation and new appointment both became effective on May 17, 2026, ensuring continuity in the compliance leadership role.

Mohammed Azaz Ali Takes Charge

REC has appointed Mohammed Azaz Ali, currently serving as General Manager (Finance), as the new Chief Compliance Officer.

Profile of the New CCO

Bachelor’s degree in Electronics Engineering
Master’s degree in Business Administration (Finance)
Extensive experience within REC’s finance and governance functions

The company confirmed that there are no inter-director relationships related to the appointment.

Also Read: BEML Appoints Shobha Sivasankaran as Chief General Manager – Finance

Regulatory Compliance and Disclosure

The announcement was made in accordance with the disclosure requirements of the Securities and Exchange Board of India (SEBI) listing regulations, which mandate timely reporting of senior management changes.

The communication was signed by Dinesh Garg, Company Secretary and Compliance Officer of REC Limited.

Why This Appointment Matters

Leadership continuity in compliance roles is critical for listed companies, particularly public sector enterprises operating in regulated sectors such as power financing. The appointment ensures:

Ongoing regulatory compliance
Governance continuity
Smooth transition in senior management

REC Limited remains a key public sector lender supporting India’s power and infrastructure financing ecosystem.