Rajesh Power Services Annual General Meeting
Rajesh Power Services' shareholders approved the variation of IPO object terms at its 17th AGM, reallocating ₹25.11 Crore of unutilized proceeds to BESS infrastructure development.
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Rajesh Power Services' shareholders approved the variation of IPO object terms at its 17th AGM, reallocating ₹25.11 Crore of unutilized proceeds to BESS infrastructure development.
Rajesh Power Services Ltd held its 17th Annual General Meeting on September 24, 2026, to conduct business, including adopting financial statements and approving various corporate resolutions.
Rajesh Power Services fixed September 18, 2026 as record date for its ₹1 per share FY 2025-26 final dividend. Payment awaits member approval at the upcoming AGM.
Rajesh Power Services Ltd issued notice for its Annual General Meeting to be held on September 24, 2026. The agenda includes financial statements, dividend, and special resolutions.
Rajesh Power Services Ltd's Annual Report 2025-26 highlights a strong performance with revenue reaching ₹1,628 Crore. The company continues its leadership in power infrastructure transmission and distribution.
Rajesh Power Services appointed Mr. Chetash Mehta as an Independent Director and redesignated Mr. Kurang Panchal as Chairman and Managing Director. Committees were also reconstituted.
Rajesh Power Services Ltd appointed Mr. Chetash Mehta as Independent Director and redesignated Mr. Kurang Panchal as CMD, scheduling its 17th AGM for September 24, 2026.
Promoter Kurang Ramachandra Panchal acquired 1,800 equity shares of Rajesh Power Services Ltd through a market purchase. The transaction is valued at ₹0.14 Crore.
Promoter Group member Bhavnaben Rajendrabhai Patel acquired 2,100 equity shares of Rajesh Power Services Ltd via market purchase.
Rajesh Power Services has incorporated a 100% wholly-owned subsidiary, Rajesh Power Services NZ Limited, in New Zealand to expand its Electrical and Solar EPC operations.
Independent Director Mr. Viral Deepakbhai Ranpura has resigned from the company and its committees effective August 11, 2026. The resignation is due to personal and medical occupancy.
Rajesh Power Services Ltd won a Rs.362.82 Crore turnkey contract from PGVCL. The project focuses on cable network conversion over 24 months.
Rajesh Power Services won a Rs.75.05 Crore contract from RVPNL. The work involves a GIS substation and transmission line in Jodhpur.
Rajesh Power Services Ltd received a turnkey contract from PGVCL. The order is valued at Rs.40.58 Crore for the Jamnagar Circle.
Rajesh Power Services secured orders worth ₹34.57 Crore for SCADA readiness and underground cabling. The projects involve PGVCL and RVPNL with a 12-month execution timeline.
Rajesh Power Services secured two domestic orders totaling ₹34.37 Crore. The contracts involve SCADA readiness for PGVCL and underground cabling for RVPNL.
Rajesh Power Services secured new orders worth Rs. 864.80 Crore from OPTCL and PGVCL. The company's total unexecuted order book stands at Rs. 3,741.79 Crore.
CRISIL reaffirmed Rajesh Power Services' long-term rating at 'Crisil A-' and revised the outlook to 'Positive' from 'Stable'. Total rated bank facilities were enhanced to Rs.363 Crore.
Rajesh Power Services Ltd secured a contract worth Rs 653.12 (≈0.00007 Crore) over 18 months. The award is to a domestic non‑listed entity.
Rajesh Power Services Ltd received a Rs.653.12 Crore turnkey order from Paschim Gujarat Vij Company Limited to underground its HT/LT lines. The contract spans 18 months.
Promoter Group members Krunal and Daxesh Panchal sold 16,666 equity shares. The transaction was conducted off-market via a gift deed.
Promoter Jyotsna Ramesh Patel sold 1,58,000 equity shares (0.88% stake) of Rajesh Power Services Limited through an open market sale on May 4, 2026. Following this transaction, her holding in the company reduced from 2.55% to 1.67%.
Rajesh Power delivered strong FY26 results with 52% revenue growth, driven by underground cabling and substation execution. Strategy shifts towards expanding national footprint and entering the BESS segment.
Rajesh Power Services Ltd filed an initial disclosure confirming it is not classified as a Large Corporate under SEBI's framework. The company reported zero outstanding long-term borrowings as of March 31, 2026, meaning mandatory debt-sourcing requirements do not apply.
Rajesh Power Services Limited notified BSE that the Annual Secretarial Compliance Report under Regulation 24A is not applicable for the year ended March 31, 2026. As an SME-listed entity, the company is exempt from certain corporate governance provisions under SEBI LODR Regulations.
Rajesh Power Services Limited reported no deviation or variation in the utilization of its ₹160.47 Crore IPO proceeds for the period ended March 31, 2026. Lower-than-estimated IPO expenses resulted in a surplus of ₹8.57 Crore, which was redeployed toward working capital requirements.
Rajesh Power maintains high growth momentum driven by Gujarat's grid modernization, while strategically entering the Battery Energy Storage System (BESS) market to capture long-term sectoral shifts.
Rajesh Power delivered strong FY26 performance with 52% revenue growth, transitioning into utility-scale storage (BESS) and high-voltage 400kV GIS segments.
Rajesh Power Services Limited reported a strong FY26 performance with annual revenue reaching ₹1,627.94 Crore, a 52% year-on-year increase. EBITDA and PAT grew by 59% and 48% respectively, driven by execution excellence in the power EPC sector. The company maintains a positive outlook supported by strong policy visibility in India's power transmission and distribution segments.
Rajesh Power Services Ltd reported audited consolidated total income of ₹1,633.41 Crore for FY26. The board recommended a 10% final dividend (₹1 per share) and appointed new internal and secretarial auditors. The results highlight the company's full-year financial performance following its successful IPO in late 2024.