Rajesh Power Services Limited (RPSL) has incorporated a 100% wholly owned foreign subsidiary company named "RAJESH POWER SERVICES NZ LIMITED" in New Zealand. The company received confirmation of this incorporation on August 14, 2026.
Subsidiary Details
- Name: RAJESH POWER SERVICES NZ LIMITED
- Ownership Structure: 100% wholly owned foreign subsidiary of Rajesh Power Services Limited
- Subscribed Capital: 100% holding by parent company
- Turnover: Nil (yet to commence business operations)
- Industry: Power Transmission and Distribution
- Business Objects: Electrical and Solar EPC - Power Transmission and Distribution
- Date of Incorporation: August 14, 2026
- Country of Operation: New Zealand
Transaction Details
- Nature of Transaction: Related party transaction (holding-subsidiary relationship)
- Promoter/Promoter Group Interest: No direct interest except through their shareholding in Rajesh Power Services Limited
- Consideration Type: Cash subscription to share capital
- Subscription Amount: Not quantified in the disclosure (amount to be subscribed as per incorporation documents)
- Governmental Approvals: Not required
- Timeframe for Completion: Not applicable (already completed)
Financial Impact
The financial impact of the subscription amount is not quantified in the disclosure. The subsidiary has no turnover as it has yet to commence business operations.