Intimation under Regulation 30 of SEBI (LODR),2015 regarding Incorporation of 100 % Wholly Owned Subsidiary company of Rajesh Power Services Limited.
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Rajesh Power Services Limited has incorporated a new 100% wholly owned subsidiary called 'Rajesh Power Projects Private Limited' on February 28, 2026. The new subsidiary starts with a small subscribed capital of Rs. 1,00,000 (10,000 equity shares of Rs. 10 each) and has not yet begun business operations. The new entity will focus on Battery Energy Storage Systems (BESS) and other transmission and distribution related projects, aligned with the parent's power/EPC business. The investment is in cash and no government approvals were needed for the incorporation. Promoters have no direct interest in the new entity beyond their existing shareholding in RPSL.
This is a minor structural move with a small initial capital outlay, signalling RPSL's intent to enter the BESS and energy storage segment. Near-term impact on shareholders is negligible, but it opens a new growth avenue worth tracking as the subsidiary begins operations.