Rajesh Power Services Ltd — Updates, 19-05-2025: Company Update

Rajesh Power Services Ltd. has announced a board meeting on 15 May 2025 to review the utilization of IPO proceeds. The company raised Rs.160.47 Cr through its IPO, including a fresh issue of Rs.93.47 Cr and an offer for sale of Rs.67 Cr. There is no deviation or variation in the use of funds, with Rs.77.97 Cr of fresh issue proceeds utilized as per the objects stated, including Rs.15.50 Cr towards issue expenses. Capital expenditure, additional working capital, and general corporate purposes allocations remain fully aligned with the intended uses, ensuring transparency for investors.