Rajesh Power Services Ltd

Rajesh Power Services Limited has received a Letter of Acceptance (LoA) from Uttar Gujarat Vij Company Limited (UGVCL) for a turnkey contract valued at ₹69.004 crore. This order, to be executed within 12 months, involves the shifting of existing electrical networks with GIS Mapping and Asset Tagging under the ND Scheme. This is the second significant order for Rajesh Power Services within a week, following a ₹471.92 crore contract from Madhya Gujarat Vij Company Limited (MGVCL). The combined value of these two orders is ₹540.924 crore, strengthening the company's presence in the power distribution segment and enhancing its project execution pipeline.

Rajesh Power Services Ltd has received a turnkey contract from Uttar Gujarat Vij Company Limited (UGVCL) valued at ₹69 Crores (including taxes). The contract involves the shifting of existing electrical networks at various locations within Sabarmati and Mehsana Circles, incorporating GIS Mapping/Geo Urja Mapping and Asset Tagging under the ND Scheme. The execution period for this contract is 12 months. This order is considered a routine business transaction and does not involve any promoter or group company interests.

Rajesh Power Services Limited has secured turnkey contracts worth ₹471.92 crore (inclusive of taxes) from Madhya Gujarat Vij Company Limited (MGVCL). These contracts are for strengthening electricity distribution infrastructure across Gujarat, involving the conversion of existing 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) and underground cabling. The order, which represents over 10% of the company's current order book, takes the total order book to nearly ₹4,000 crore and provides 18 months of execution visibility. The projects align with the modernization of electricity distribution networks in Gujarat.

Rajesh Power Services Ltd has received orders from Madhya Gujarat Vij Company Limited (MGVCL) for the conversion of 11kV overhead lines to Medium Voltage Covered Conductor (MVCC) and underground network in Gujarat under the MGVCL SI Scheme Robust-III. The total value of these turnkey contracts is ₹471.92 Crores (including taxes) and are to be executed within 18 months. This order falls within the normal course of business and does not involve any promoter or group company interests.

Rajesh Power Services Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure will be effective from Thursday, October 1, 2026, and will remain in effect until 48 hours after the declaration of the company's standalone and consolidated unaudited financial results for the half-year ended September 30, 2026. The company will inform the market in due course about the date of the board meeting to approve these financial results. During this period, trading in the company's securities by these individuals is prohibited.

Rajesh Power Services Ltd announced that its shareholders, at the 17th Annual General Meeting (AGM) held on September 24, 2026, approved a variation in the terms of the Objects of the Issue for its Initial Public Offer (IPO). This variation was previously recommended by the Audit Committee and approved by the Board of Directors on September 3, 2026. The IPO, which included a fresh issue of 27,90,000 equity shares and an offer for sale of 20,00,000 equity shares, had its prospectus dated November 28, 2024. The unutilized proceeds of ₹2,510.93 Lakhs from the IPO, initially allocated for capital expenditure items like equipment purchase and solar plant setup, will now be reallocated for BESS Facility Setup & Associated Infrastructure.

Rajesh Power Services Ltd has announced September 18, 2026, as the record date for the distribution of its final dividend for the Financial Year 2025-26. The dividend amount is ₹1 per equity share. This dividend is subject to declaration by the shareholders at the upcoming Annual General Meeting. Eligible shareholders will be those whose names appear on the company's register of members or as beneficial owners with depositories as of the record date.

Rajesh Power Services Ltd. has released its revised Annual Report for FY 2025-26, highlighting significant growth and operational achievements. The company reported a 52% increase in revenue to ₹1628 crore and a 59% rise in EBITDA to ₹197 crore. The unexecuted consolidated order book stood at ₹3,326 crore as of March 31, 2026, with a robust 3-year CAGR for total revenue. The report details the company's contributions to India's power infrastructure, its strategic outlook including expansion into Battery Energy Storage Systems (BESS), and its commitment to corporate governance and community upliftment. Key performance indicators such as PAT Margin and Return on Equity show strong performance.

Rajesh Power Services Ltd. reported a strong performance for the financial year 2025-26, with revenue increasing by 52% to ₹1628 crore and EBITDA growing by 59% to ₹197 crore. The company highlighted its robust operational capabilities and project execution expertise in India's power infrastructure sector. The unexecuted consolidated order book stood at ₹3,326 crore as of March 31, 2026. The annual report emphasizes the company's contribution to India's energy ambitions through transmission, distribution, and emerging energy solutions.

Rajesh Power Services Ltd announced key management changes following a Board of Directors meeting on September 3, 2026. Mr. Chetash Mehta has been appointed as an Additional Non-Executive Independent Director for a five-year term, subject to member approval. Additionally, Mr. Kurang Ramchandra Panchal's designation has been changed from Managing Director to Chairman and Managing Director for a five-year term, also pending member approval. The company also approved the reconstitution of its Nomination and Remuneration Committee, Stakeholder Relationship Committee, and Corporate Social Responsibility Committee.