Rajesh Power

Expansion of Business in Renewable Energy sector.

Leveraging Market Skills and Associations.

Improving Operational Efficiencies.

Actively bid for new projects.

Optimal Utilization of Resources.

Venture into technology-based solutions in power sector by investing in HKRP Innovations Limited.

The company`s revenues largely depends on acceptance of the bids submitted to the Government and other agencies. Its performance could be affected in case majority of the bids are not accepted / awarded.

The company is engaged in Engineering, Procurement, and Construction (EPC) activity which is working capital intensive.

Expansion of Solar Business is at initial stage.

There are outstanding legal proceedings involving The Company which may adversely affect its business, financial condition and results of operations.

The company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years.

The Company has incurred penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.

One of its objects of the Offer is to set up 1300 Kw DC Solar Plant. The company does not own the land in which its proposed Solar Plant is going to be set up and the same are on lease arrangement with family members of promoter. Any termination of such lease and/or non-renewal thereof and attachment could adversely affect its operations.

The company is at an early stage to develop expertise in Hydrogen Electrolyser and it majorly depends upon the execution and implementation of the project as per its plan as it is a long-term project.

The company`s business is manpower intensive and any unavailability of its employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

The company failure`s to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under-construction projects may be subject to cost overruns and can impact its reputation and future projects.

Risks inherent to power sector projects could materially and adversely affect its business, financial condition and results of operations.

The construction, operation and maintenance of its transmission systems involves significant risks that may cause injury to people or property and that may lead to significant disruption to its business and consequent decreases in the company`s revenues.

The company has experienced negative operating cash flows in the past. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.

Its current business operations in Renewable energy sector may not serve as an adequate basis to judge its future prospects, results of operations and cash flows in new renewable areas including green hydrogen.

The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on the company`s business and the results of operations.

Its Order Book may not be representative of the company`s future results and its actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company`s results of operations.

Its Top 5 customers contribute a significant portion of the company revenue from operations.

Its ability to access capital at attractive costs depends on the company`s credit ratings. Non-availability of credit ratings or a poor rating may restrict its access to capital and thereby adversely affect the company`s business, financial conditions, cash flows and results of operations.

If the company does not successfully develop new renewable energy sources or systems like its green hydrogen initiative in a timely and cost-effective manner, its business, financial condition, cash flows and results of operations may be adversely affected.

The company requires certain approvals and Licenses in the ordinary course of business and the failures to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

Some of the statutory approvals and property (ies) taken on lease by the Company is required to be transferred in the name of "Rajesh Power Services Ltd." from "Rajesh Power Services Pvt. Ltd.", pursuant to conversion from private limited to public limited company. Any failures to obtain and renew them or failures to transfer them in name of "Rajesh Power Services Ltd." in a timely manner may affect its business operations.

In addition to normal remuneration, other benefits and reimbursement of expenses its Directors (including the company`s Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.

The company is subject to performance risk from third-party contractors, and operational risks associated with the engagement of third party contractors and its employees.

The public sector unit in order to rule out errors in the execution of a project, issues standard operating procedure and drawings of the transmission lines which need to be laid and the manner of doing the same, which makes the execution process seamless and fail proof.

The company may not be able to adequately protect or continue to use its intellectual property.

The company have in past entered into related party transactions and its may continue to do so in the future.

The company ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.

Prior to handing over a completed project, inspections are undertaken by officials of the public sector units to ascertain errors or deviation from the procedures or drawings while executing the project.

If the company fails to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company financial risk.

The company is dependent on its Individual Promoters and its management team and the loss of, or the company inability to hire, retain, train, and motivate qualified personnel could adversely affect its business, results of operations and financial condition.

The Company`s performance in the past may not be an indicative factor for the Company`s future growth or performance.

Maintaining the Company image and reputation among existing and potential clients is critical to its success, and any failures to do so could damage its reputation and brand.

Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.

An inability to maintain adequate insurance cover in connection with its business may adversely affect the company`s operations and profitability.

The company has not made any alternate arrangements in order to meet its capital requirements for the Objects of the Issue. Additionally, the company has not identified any alternate source of financing the `objects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

The company`s ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.

Industry information included in the Red herring Prospectus has been derived from an industry report from various websites. The reliability on the forecasts of the reports could be incorrect and would significantly impact its operations.

Non-compliance with amendment in Safety, Health and Environmental laws and other applicable regulations, may adversely affect the Company`s results of operations and its financial condition.

The company is susceptible to risks relating to unionization of its employees employed by the company.

The Company`s future funding requirements, in the form of further issue of capital or other securities and/or loans that might be availed by it, may turn out to be prejudicial to the interest of the shareholders depending upon the terms and conditions on which they are raised.

Its may not be able to sustain effective implementation of the company`s business and growth strategies.

In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.

The requirements of being a public listed company may strain its resources and impose additional requirements.