Rajesh Power Services Incorporates Wholly Owned Subsidiary in New Zealand
Rajesh Power Services Limited (RPSL) has announced the incorporation of its wholly owned foreign subsidiary, RAJESH POWER SERVICES NZ LIMITED, in New Zealand. The subsidiary was confirmed on August 14, 2026. Its primary objects include Electrical and Solar EPC, focusing on Power Transmission and Distribution. The subsidiary has a subscribed capital of 100% holding by RPSL and currently has Nil turnover as it has yet to commence business operations. The incorporation is considered a related party transaction in the context of a holding-subsidiary relationship, with promoters having no direct interest beyond their shareholding in RPSL. The consideration for this incorporation was a subscription to share capital in cash.
Key Highlights
- RPSL establishes a 100% wholly owned foreign subsidiary in New Zealand.
- The subsidiary, RAJESH POWER SERVICES NZ LIMITED, will focus on EPC for Power Transmission and Distribution.
- The entity has Nil turnover as it is yet to commence operations.
- Incorporation is a related party transaction due to holding-subsidiary status.
- Consideration was a cash subscription to the subsidiary's share capital.
Price Impact
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