PFC Q4 FY26 Guidance vs Delivery (PFC Management Mirror)

PFC and REC Merger

Management introduced targets for a combined merged entity to commence by 1st Apr'27, subject to approvals, outlining that the government will maintain its status as a government company despite the mathematical shareholding dropping below 50% post-merger (Mar'26 Qtr). Post-merger borrowing limits from banks are expected to reduce to 20% from the current group limit of 25%, which management anticipates will be offset by an expanding banking capital base (Mar'26 Qtr). [Status: Initiated]