Rajesh Power Services Ltd

Rajesh Power Services Limited disclosed a deviation in the utilization of funds raised through its initial public offering, stating that Rs 77.97 crore of the Rs 93.47 crore raised has been utilized, with the remaining amount to be deployed towards a Battery Energy Storage System (BESS) project in Gujarat, approved by shareholders on September 24, 2026. The company initially allocated funds for additional working capital, general corporate purposes, and capital expenditure, but actual IPO expenses were lower than estimated, resulting in an unutilized amount of Rs 856.88 lakhs, which will now be used for the BESS project.

Rajesh Power Services Ltd. is currently trading at Rs 817.0, up 2.68%, while the stock has risen 11.55% over the last one week. Rajesh Power Services Limited announced it has received turnkey contracts from Dakshin Gujarat Vij Company Limited (DGVCL) for Rs 1628.74 Crores (including taxes) to convert existing overhead networks to underground cable systems with SCADA-compatible equipment across various locations in Gujarat. The project, awarded domestically, is slated for completion within 24 months, and does not involve any related party transactions or interest from promoters, promoter groups, or group companies. The company disclosed the order details in a filing on November 4, 2026, in compliance with SEBI’s Listing Regulations. Rajesh Power Services Ltd. shares saw a trading volume of 72500 today, a surge of 248.56% compared to the average volume over the last one week. Rajesh Power Services Ltd. plunged by 44.46% year-over-year, underperforming the NIFTY50 index's loss of 7.58%.

Rajesh Power Services Limited will hold a board meeting on Monday, November 2, 2026, to consider and approve the unaudited financial results for the half financial year ended September 30, 2026, and the trading window for the company's securities is closed from October 1, 2026, and will remain closed until 48 hours after the announcement of the board meeting’s outcome to the BSE Limited.

Rajesh Power Services Ltd. is up 2.06% to Rs 785.95, building on recent momentum that has seen the stock gain 4.44% over the last one week. Rajesh Power Services Limited announced it has received a turnkey contract from Uttar Gujarat Vij Company Limited (UGVCL) for Rs 69 Crores (including taxes) to shift existing electrical networks across the Sabarmati and Mehsana Circle, incorporating GIS Mapping, Geo Urja Mapping, and asset tagging under the ND SCHEME. The project, awarded on October 14, 2026, is expected to be completed within 12 months and does not involve any related party transactions; the company disclosed the information in compliance with SEBI’s Listing Regulations. Rajesh Power Services Ltd. shares saw a trading volume of 33400 today, a significant increase of 279.55% compared to the average volume over the last one week. Rajesh Power Services Ltd. plunged by 47.65% year-over-year, underperforming the 9.93% loss registered by the NIFTY50 index.

Rajesh Power Services Limited submitted a certificate to the BSE Limited on October 12, 2026, confirming that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 is not applicable for the quarter ended September 30, 2026, as all shares are held in dematerialized form and no requests for dematerialization were received, according to a filing by Bigshare Services Private Limited.

Rajesh Power Services Ltd. is up 6.43% to Rs 780.0, building on recent momentum and showing a 5.74% gain over the last week. Rajesh Power Services Limited announced it has received an order from Madhya Gujarat Vij Company Limited (MGVCL) for Rs 471.92 Crores (including taxes) to convert 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) and underground networks across various locations in Gujarat under the MGVCL Under S I Scheme Robust -III. The turnkey contract, awarded to the company in the normal course of business, is expected to be executed within 18 months, and does not involve any related party transactions. Rajesh Power Services Ltd. shares saw a trading volume of 25500 today, a decrease of 11.15% from the one-week average volume. Rajesh Power Services Ltd. tumbled by 49.38% year-over-year, underperforming the 10.57% loss registered by the NIFTY50 index.

Rajesh Power Services Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration of the company’s standalone and consolidated unaudited financial results for the half-year ending September 30, 2026, in accordance with SEBI’s insider trading regulations.

Rajesh Power Services Limited informed the BSE that it has set Friday, September 18, 2026, as the record date for the distribution of a final dividend of Rs 1 per equity share for the financial year ended March 31, 2026, subject to approval by shareholders at the upcoming Annual General Meeting.

Rajesh Power Services Limited informed the BSE that Viral Deepakbhai Ranpura (DIN: 07177208) has resigned as an independent director, effective August 11, 2026, citing personal and medical occupancy. Consequently, Ranpura will also cease to be the chairman/member of the audit, nomination and remuneration, stakeholders relationship, and corporate social responsibility committees of the company.

Rajesh Power Services Limited (RAJESH) BSE: 544291 , ISIN: INE0VN801010 announced Thursday that it has secured new orders worth Rs 362.83 crore from Paschim Gujarat Vij Company Limited (PGVCL) for the conversion of existing 11kV high tension (HT) and low tension (LT) line networks into underground cable networks at Jamnagar circle in Gujarat. The turnkey projects, awarded to Rajesh Power Services Limited, involve ring main system implementation with GIS mapping and asset tagging.