Statement of Deviation or varaition of Funds under Regualtion 32 of SEBI(LODR),2015 for half year ended on September 30,2025.
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Rajesh Power Services Limited, listed on the BSE SME platform, has filed its half-yearly disclosure on the use of IPO proceeds raised in November 2024. The company raised a total of Rs. 160.47 crore through the IPO, of which Rs. 93.47 crore was a fresh issue and Rs. 67 crore was an offer for sale. After using Rs. 15.50 crore for issue-related expenses, the balance Rs. 77.97 crore has been fully utilized: Rs. 25.11 crore for capital expenditure, Rs. 30 crore for additional working capital, and Rs. 22.86 crore for general corporate purposes. The company reports no deviation or variation from the original objects stated in the prospectus.
No deviation from stated IPO objects and full deployment of fresh-issue funds within the half-year window is a routine, positive compliance signal for shareholders and does not materially affect the stock price.