BSECompany Update1d ago · 24 Sept 2026, 05:15 pm

Disclosure under Regulation 30 of SEBI (LODR),2015

Rajesh Power Services Ltd · 544291

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Rajesh Power Services Ltd has disclosed a variation in the terms of its Initial Public Offer (IPO) as approved by its members at the 17th Annual General Meeting. The variation involves a reallocation of unutilized proceeds from the IPO to set up a BESS (Battery Energy Storage System) facility and associated infrastructure.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

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Rajesh Power Services Ltd - 544291 - Disclosure Under Regulations 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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September 24, 2026 Compliance Department BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai- 400001 Scrip Code| 544291 ISIN Code| INE0VN801010 Subject: Disclosure under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the members of the Company at the 17th Annual General Meeting (AGM) held today, i.e., Thursday, September 24, 2026, have approved the variation in the terms of the Objects of the Issue of the Initial Public Offer (IPO) as set out in the Notice of the AGM. On the recommendation of the Audit Committee and the Board of the Company at their Meeting held on September 3,2026, has approved to vary the terms of contract or objects in the prospectus filed for raising funds through Initial Public Offer (“IPO”). Prospectus issued in connection with Offer comprises of the Fresh Issue of 27,90,000 Equity Shares of face value INR 10 each, aggregating to INR 9346.50 Lakhs by our Company and an Offer for Sale of 20,00,000 Equity Shares of face value INR 10 each, aggregating to INR 6700 Lakhs by the Selling Shareholders as set out in Prospectus dated November 28,2024. Pursuant to aforementioned agenda item, details are set out in Annexure A. Kindly take the above information on record. For Rajesh Power Services Limited Jyoti Dakshesh Mochi Company Secretary and Compliance Officer Mem. No: A39777 Registered Office: 380/3, Siddhi House, Opp. Lal Bungalows, B/H Sasuji Dinning hall, Off C.G.Road, Navrangpura, Ellisbridge, Ahmedabad, Ahmadabad City, Gujarat, India, 380006 Email ID: info@rajeshpower.com CIN: L31300GJ2010PLC059536 www.rajeshpower.com Annexure – A The Variation in terms of the Objects of the Issue (IPO) as stated in prospectus of the Company. Sr. Particulars Remark 1 Object of the issue (IPO) mentioned in the The Object of the issue (IPO) and the Prospectus of the Company dated bifurcation of the utilization as November 13,2024 filed with Bombay mentioned in the Prospectus are Stock Exchange Limited (BSE) and Registrar provided in Table A. of Companies, in pursuant to IPO. 2 In pursuant to section 27 of the Companies The Modified Object of the issue (IPO) Act, 2013, approval from the members of of the Company and its bifurcation of the Company and the Board of Directors of proposed utilization are provided in the Company approved the variation in Table B. terms of the Object of the issue (IPO) of the prospectus filed by the Company. Table A (Bifurcation of Objects of the issue (IPO) as mentioned in the Prospectus and the Current utilization Status ) Sr. Objects Amount Amount Amount No. Raised / Utilized Unutilized Allocated (₹ in Lakhs) (₹ in Lakhs) (₹ in Lakhs) 1 Additional Working Capital Requirement 3000.00 3000.00 - 2 General Corporate Purpose 2286.00 2286.00 - 3. Capital Expenditure: 1,794.82 - 1,794.82 1. Purchase of cable identification, testing, and fault location equipment 2. Setting up of DC Solar Power Plant 416.11 - 416.11 (1,300 KW capacity) 3. In-house development of technical 300.00 - 300.00 expertise in Green Hydrogen production and associated equipment (Electrolytes) Total Net Proceeds 7796.93 5286.00 2510.93 Table B (The modified objects of Issue (IPO) of the Company and Proposed utilization) Particulars of Modified Object of the issue (IPO) Total Estimated Deployment (₹ in Lakhs) BESS Facility Setup & Associated Infrastructure 2510.93 Total Unutilized Proceeds Reallocated 2,510.93 Registered Office: 380/3, Siddhi House, Opp. Lal Bungalows, B/H Sasuji Dinning hall, Off C.G.Road, Navrangpura, Ellisbridge, Ahmedabad, Ahmadabad City, Gujarat, India, 380006 Email ID: info@rajeshpower.com CIN: L31300GJ2010PLC059536 www.rajeshpower.com