Rajesh Power Services Ltd — Important, 28-04-2026: Company Update

Rajesh Power Services Limited has confirmed no deviation in the utilization of funds raised from its Initial Public Offering (IPO) of 160.47 Cr. The IPO comprised a fresh issue of 93.47 Cr and an Offer for Sale of 67 Cr. The company utilized funds for Capital Expenditure (25.11 Cr), Additional Working Capital (30.00 Cr), and General Corporate Purpose (22.86 Cr) as planned. Notably, lower IPO expenses of 14.34 Cr (vs. estimated 15.50 Cr) resulted in a surplus of 8.57 Cr, which has been reallocated to working capital requirements. This demonstrates transparent and efficient fund management for investors.