Rushil Decor Limited — AGM Information 2020

Dec 18, 2020

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RUSHIL

DECOR LIMITED

WE'LL MAKE IT

RDL/065/2020-21 Date: 18.12.2020

To, The National Stock Exchange of India Ltd Exchange Plaza, Sandra - Kurla Complex, Bandra (E), Mumbai - 400 051

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001

ISIN: INE573K01017, IN9573K01023 NSE EQUITY SYMBOL: RUSHIL, BSE SCRIPT CODE: 533470

Dear Sir/Madam,

SUB.: PROCEEDING OF THE 26[TH ] ANNUAL GENERAL MEETING OF THE COMPANY HELD ON FRIDAY, 18[TH ] DAY OF DECEMBER, 2020

1. The 26[th ] Annual General Meeting of the Company was held through video conferencing and other audio visual means on Friday, the 18[th ] day of December 2020 which commenced at 11 :15 A.M and concluded at 11 :50 A.M.

2. Shri Krupeshbhai G. Thakkar, Managing Director, Shri Ghanshyambhai A. Thakkar, Whole Time Director, Shri Ramanikbhai T. Kansagra, Executive Director, Miss. Archee D. Thakkar, Independent Woman Director, Mr. Rohit B. Thakkar, Independent Director and Shri Shankar Prasad Bhagat, Independent Director & Chairman of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee of the Company were present in the Meeting.

3. Mr. Keyur M. Gajjar, Chief Executive officer (CEO), Mr. Vipul S. Vora, Chief Financial Officer (CFO) and Mr. Hasmukh K. Modi, Company Secretary & Compliance Officer were also present in the meeting.

4. Mr. Hasmukh K. Modi started the proceeding of the meeting with the introduction of Board Members and KMPs.

5. As Mr. Ghanshyambhai A. Thakkar, Chairman of the Company who was unable to chair Annual General Meeting due to health issue, the Directors present in the meeting elected Mr. Krupesh G. Thakkar as the Chairman of the Meeting for the smooth conduct of the proceedings of the meeting.

6. Members present in the meeting were welcomed and it was informed that the requisite quorum for meeting is present. Accordingly, the Chairman called the meeting to order.

7. Mr. Hasmukh k. Modi, Company Secretary gave some important instructions to the shareholders for effective participation in the meeting.

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RUSHIL DECOR LTD .. RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW. OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.

REGO. OFFICE· S. NO 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANOHINAGAR-MANSA ROAD .

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RUSHIL DECOR LIMITED WE'LL HAKE IT

1. Thereafter Mr. Krupesh G. Thakkar, Chairman of the Meeting briefed about the performance of the company.

2. The Members were informed that the Statutory Registers including Register of Directors and Key Managerial Personnel and their shareholding, the Register of Contracts or Arrangements in which the directors are interested, Auditor's Report, Secretarial Audit Report and other relevant documents as required were kept accessible electronically during the continuance of the Meeting.

3. The Company Secretary stated that the Meeting is being conducted through Video Conferencing &OAVM and the Company had provided remote e-voting facility to all the members to enable them to cast their votes electronically in respect of all the businesses to be transacted at the 26[th ] Annual General Meeting. The remote e­ voting facility were kept open from Monday, the 14[th ] December, 2020 at 9.00 AM and ended on Thursday, the 1[7][th ] December 2020 at 5.00 PM.

4. It was further stated that for those members who have not casted their vote through e-voting can cast their vote during the course of the meeting through e-voting facility provided on NSDL voting website and the said facility is available for 15 minutes after the conclusion of Annual General Meeting.

5. He further stated that Mr. Shalin M. Jain, Practicing Company Secretary has been appointed by the Board of Directors as the Scrutinizer for scrutinizing the remote e­ voting and the e-voting at this AGM and to give report thereon in the prescribed manner.

6. The Company Secretary also stated that the results of the e-voting will be announced on receipt of the Scrutinizer's report and the same will be placed on the Company's website and will also be sent to the Stock Exchanges.

7. The Notice of the 26[th ] Annual General Meeting together with the Explanatory statement and the Auditors Report was taken as read.

8. As advised by the Chairman of the meeting, the Company Secretary proceeded with the following businesses as set out in the Notice convening the 26[th ] Annual General Meeting for consideration and approval of Members. There were total six businesses in the notice.

ORDINARY BUSINESS:

• a) To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2020 and the Report of the Board of Directors and Auditors thereon by Ordinary Resolution.

• b) Declaration of final dividend of Rs. 0.50 per equity share for the year ended on March 31, 2020 by Ordinary Resolution.

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REGD. OFFICE:$. NO. 125, NEAR KALVANP URA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD,

RUSHIL DECOR LTD .. RUSHIL HOUSE. NEAR NEELKANTH GREEN BUNGALOW, OFF SINDHU BHAVAN ROAD, SHILAJ. AHMEDABAD-380058, GUJARAT, INDIA.

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RUSHIL DECOR LIMITED

WE'LL HAKE IT

• c) To appoint a Director in place of Mr. Ghanshyambhai A. Thakkar (DIN: 00208843), who retires by rotation and, being eligible, offers himself for re-appointment by Ordinary Resolution.

SPECIAL BUSINESS:

• d) To change the Designation of Mr. Ramanik Tejabhai Kansagara from Director to Whole-Time Director and approve Remuneration payable to him Ordinary Resolution.

• e) Appointment of Miss Archee Darshanbhai Thakkar (DIN: 08603730) as an independent Director of the Company for a First term of five consecutive years by Ordinary Resolution.

• f) To approve the increase in the Authorised share capital and consequent amendment to the Memorandum of Association by Ordinary Resolution.

1. It was informed that there is no qualification, observation, or comments or other remarks on financial transactions or matters in the Auditor's Report as given by the Statutory Auditors which have any adverse effect on the functioning of the company.

2. It was further informed that there is no qualification or comments or other remarks in the Secretarial Audit Report issued by the CS Shalin M. Jain, Secretarial Auditor for the year ended on 31.03.2020.

3. The Host of the meeting from NSDL invited the Member attended the meeting to ask questions who was registered as speaker. The same was replied by the management during the meeting.

The meeting was concluded at 11 :50 AM by thanks to Directors, Key Managerial Persons, all the members and persons attending and participating at the Meeting.

Please take the same in your record and do the needful.

Thanking you.

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Yours Faithfully, For, Rushi1(9ecor Limited M I) ' j �- c_______

Hasmukh K. Modi Company Secretary Tele No.: (079) 61400400

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REGO. OFFICE· S NO 125, NEAR KALYANPURA PATIA. VILLAGE ITLA. GANDHINAGAR-MANSA ROAD, . - ·- ··-· . . -··· ' ------ .4 . . . . . -.

RUSHIL DECOR LTD .. RUSHIL HOUSE. NEAR NEELKANTH GREEN BUNGALOW, OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.