I tried implementing it here as follows
create or replace function getTextEditRecord(textId integer)
RETURNS Table (
text_id integer,
text_details character varying,
new_text_id integer) AS $$
DECLARE
curr_rec record;
temp_rec record;
BEGIN
curr_rec :=
(select tm.text_id, tm.text_details, tm.new_text_id from text_master tm
where tm.text_id = textId);
IF FOUND THEN
IF curr_rec.text_id != curr_rec.new_text_id THEN
temp_rec := getTextEditRecord(curr_rec.new_text_id);
--RETURN TABLE HERE
ELSE
-- No Recursive call directly return table
--RETURN TABLE HERE
END IF;
END IF;
--RETURN TABLE HERE
END;
$$ Language plpgsql;
Now I tried searching on google but could find that how to typecast record type to table type. As in convert temp_rec to table type and return.