Rajesh Power Services filed a SEBI Reg. 32 statement confirming no deviation in IPO fund utilization as of March 31, 2026.
The company raised ₹160.47 crore via IPO in November 2024, comprising a ₹93.47 crore fresh issue and a ₹67 crore offer for sale.
All raised funds were fully utilized per original objects: ₹25.11 crore capex, ₹30 crore working capital, and ₹22.86 crore corporate purposes.
The audit committee and board reviewed and approved the deviation statement in their meetings held on April 23, 2026.