Rajesh Power Services Limited has announced the incorporation of a 100% wholly owned subsidiary company to expand its operations in the power sector. The company received confirmation of the incorporation on February 28, 2026, marking a strategic move to strengthen its position in emerging energy technologies.

Subsidiary Company Details

The newly incorporated entity, Rajesh Power Projects Private Limited, has been established with specific focus on Battery Energy Storage Systems and transmission projects. The subsidiary's financial structure and operational framework have been designed to support the parent company's expansion plans.

Business Objectives and Industry Focus

The subsidiary will operate in the power, EPC (Engineering, Procurement, and Construction), and transmission sectors. The primary business objectives include:

• Undertaking Battery Energy Storage Systems (BESS) projects
• Managing transmission and distribution related activities
• Supporting the parent company's expansion in renewable energy infrastructure

The incorporation aligns with the growing demand for energy storage solutions and grid modernization projects in India's power sector.

Regulatory Compliance and Structure

As a wholly owned subsidiary, the incorporation constitutes a related party transaction under SEBI regulations. The promoter and promoter group do not have any direct interest in the new entity except through their existing shareholding in Rajesh Power Services Limited.

Strategic Implications

The formation of Rajesh Power Projects Private Limited represents a focused approach to capitalize on opportunities in the Battery Energy Storage Systems market. This subsidiary structure will enable the company to pursue specialized projects while maintaining operational flexibility and regulatory compliance in the evolving power sector landscape.

Rajesh Power Services Limited has received official confirmation as the lowest bidder (L1 stage) for a major power infrastructure project from Rajasthan Rajya Vidyut Prasaran Nigram Limited (RRVPN). The company informed BSE about this development through a regulatory filing under SEBI Regulation 30 on February 26, 2026.

Project Specifications and Location

The confirmed project involves the construction of a 132/33 KV, 2x50 MVA Gas Insulated Substation (GIS) at Hathi Bhata in Ajmer district, along with associated transmission lines. The comprehensive scope includes survey, supply of all equipment and materials, erection including civil works, testing, and commissioning.

Regulatory Compliance and Filing Details

The disclosure was made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Jyoti Dakshesh Mochi, Company Secretary and Compliance Officer (Membership No. A39777).

Project Execution Framework

While Rajesh Power Services has received L1 confirmation, the final declaration as successful bidder remains subject to receiving the Letter of Intent (LOI) or Letter of Award (LOA) from RRVPN. The 18-month execution timeline will commence from the date of project commencement, covering the complete engineering, procurement, and construction (EPC) scope.

The project includes sophisticated GIS technology implementation, which offers compact design and enhanced reliability for power transmission infrastructure. The company has indicated that further disclosures, including detailed project specifics required under SEBI regulations, will be made separately upon receipt of the formal LOI or LOA from the concerned authority. This development strengthens Rajesh Power Services' position in Rajasthan's power transmission sector.