Rushil Decor Limited — Board/Management Information 2024

Jul 6, 2024

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDL/034/2024-25 Date: 06.07.2024

To,

National Stock Exchange of lndia Ltd. Exchange Plaza, Sandra -Kurla Complex, Sandra (E), Mumbai - 400 051 NSE EQUITY SYMBOL: RUSHIL

To,

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 SCRIP CODE: 533470

JSII\I: INE573K01017

Dear Sir/Madam,

Subject: Disclosure under Regulation 30 of the SESI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sub.: Outcome of Board Meeting

This is to inform that the Board of Directors of the Company has, at its meeting held on Saturday, July 06, 2024 (i.e. today), inter-alia, considered and approved:

1. The incorporation of Subsidiary Company in the name of Rushil Fasteners Private Limited or any other name as may be approved by the Central Registration Centre, Ministry of Corporate Affairs for the business of fasteners and other allied items.

The details required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD­ PoD-1/P/CIR/2023/123 dated July 13, 2023 is attached herewith as Annexure - A.

1. The Record Date i.e. Friday, 9[th ] August, 2024 for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 10 (ten) equity shares having face value of Re. 1 /- (Rupee one only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders.

2. Re-appointment of Mr. Ramanikbhai Tejabhai Kansagara (DIN: 08341541) for another term of five consecutive years as a Whole-Time Director liable to retire by rotation w.e.f. August 01, 2024 up to July 31, 2029. However, this is subject to the approval of members at the ensuing 30 [th ] Annual General Meeting of the Company

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RUSH IL 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, GANDHINAGAR-MANSA ROAD, TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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RUSHIL DECOR LIMITED WE'L L MAKE IT

The meeting was commenced at 01 :15 PM and concluded at 3:00 PM.

Please take the same on your records.

Thanking You,

Yours Faithfully,

For, Rushil Decor Limited

HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI Date: 2024.07.06 MODI 15:01:46 +05'30'

Hasmukh K. Modi Company Secretary

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

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

TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

••• ••• ••• . RUSHIL DECOR LIMITED WE'LL MAKE IT

ANNEXURE-A

Sr. No.	Pariculars	Details
1.	Name of the target entity, details in brief such as size, turnover etc.;	Proposed Name: Rushil Fasteners Private Limited or any other name as may be approved by the Central Registration Centre, Ministry of Corporate Afairs.
		Proposed Authorized Capital:Initially at the time
		of incorporation Rs. 1,00,000/- (Rupees One Lakh
		Only) divided into 10,000 (Ten Thousand) equity
		shares with a nominal value of Rs. 10/- (Rupees
		Ten only) each. The same will be increased to Rs.
		20 crore or more as per requirement of the project.
		Proposed Paid-up Capital:Initially Rs. 1,00,000/­
		(Rupees One Lakh Only) divided into 10,000 (Ten
		Thousand) equity shares with a nominal value of
		Rs. 10/- (Rupees Ten only) each. The same.will be
		increased to Rs. 20 crore or more as per
		requirement of the project.
		Turnover:Not applicable since the Company is yet
		to be incorporated.
2.	Whether the acquisition	The Proposed Company once incorporated will
	would fall within related	be related party of Rushil Decor Limited (RDL).
	party transaction(s) and
	whether the promoter/ promoter group/ group	Promoter/Promoter group will be interested in the transaction.
	companies have any
	interest in the entity being acquired? If yes, nature of interest and	Subscription of shares will be on arm's length price.
	details thereof and
	whether the same is
	done at "arm's lenoth";
3.	Industry to which the	The proposed company to be incorporated would
	entity being acquired	be in the business of Fasteners and other allied
	belongs;	items.
4.	Objects and impact of	The proposed Company shall be incorporated for
	acquisition (including but	the purpose of manufacture and sale of
	not limited to, disclosure	Fasteners and other allied products.
	of reasons for
	acquisition of target	The business of the proposed Company is
	entity, if its business is	complementary or support to the main line of the
	outside the main line of	business of the listed entity.
	business of the listed
	entity);

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RUSH IL 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, GANDHINAGAR-MANSA ROAD, TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSH IL.COM

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

5.	Brief details of governmental any or	Not Applicable.
	regulatory approvals
	required for the
6.	acquisition; Indicative time period fr	Not Applicable, as it is incorporation of new
	completion of the	Company.
	acquisition;
7.	Consideration- whether	The Company "RDL" shall subscribe 55% of the
	cash consideration or	paid up Equity Share Capital in cash in the
	share swap or any other	proposed subsidiary company. This percentage o1
	form and details of the same;	holding will be maintained in future whenever the paid up capital is increased by the Subsidiar
		Company.
8.	Cost of acquisition	Initially, RDL will subscribe to 5500 (Five
	and/or the price at which	Thousand Five Hundred) Equity shares of Rs.
	the shares are acquired;	10/- (Rupees Ten only) each aggregating to
		Rs. 55,000/- (Rupees Fifty Five Thousand
		Only). The same subscription will be increased
		by RDL to Rs.11,00,00,000/- or more as per
		requirement of the project.
9.	Percentage o shareholding / control acquired and / or number	RDL will hold 55% of Equity shares in the Proposed Company.
	of shares acquired:
10.	Brief background about	Date of Incorporation:Yet to be incorporated.
	the entity acquired in
	terms of products/line of	Turnover of last 3 Years:Not Applicable
	business acquired, date
	of incorporation, history	Country of Incorporation:To be incorporated in
	of last 3 years turnover,	India
	country in which the
	acquired entity has
	presence and any other
	significant information (in
	brief);

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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, GANDHINAGAR-MANSA ROAD, TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM