Rushil Decor Limited

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDL/051/2020-21 Date: 13.11.2020

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

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

ISIN: INE573K01017

Dear Sir / Madam,

- Sub: First Call Money Notice to the holders of partly paid up equity shares of Rushil Decor Limited ("the Company") having ISIN: IN9573K01015

Dear Sir/Madam,

In furtherance to the stock exchange intimation Letter No. RDL/047/2020-21 dated October 31, 2020, we wish to inform that the First Call Money Notice has been sent to all the shareholders of partly paid-up equity shares of the Company held as on the record date i.e. November 11, 2020, in relation to payment of call money towards first call.

For reference, specimen copy of the First Call Money Notice dispatched to the shareholders with specific details is attached.

This is for your information and record.

Thanking you

Yours Faithfully,

ForM�s ,��

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Hasmukh K. Modi Compliance Officer Tele No.: (079) 61400400 Email: [email protected] Encl: as above

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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· [email protected] I WWW.RUSHIL.COM

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Registered Office: S. No. 125, Near Kalyanpura Patia, Gandhinagar Mansa Road, Kalol, Village Itla, Gandhinagar – 382 845, Gujarat, India Telephone: +91 98 2543 8039

Corporate Office (Address where books of account and papers are maintained): Rushil House, Near Neelkanth Green Bungalow, Off. Sindhu Bhavan Road, Shilaj, Ahmedabad-380 058, Gujarat, India; Telephone: +91 79 6140 0400; and Facsimile: +91 79 6140 0401 Contact Person: Mr. Hasmukh Kanubhai Modi, Company Secretary and Compliance Officer E-mail : [email protected];

Website: www.rushil.com Corporate Identity Number: L25209GJ1993PLC019532

FIRST CALL MONEY NOTICE TO THE HOLDERS OF PARTLY PAID-UP EQUITY SHARES OF RUSHIL DECOR LIMITED HELD AS ON THE RECORD DATE I.E. NOVEMBER 11, 2020 BEARING INTERNATIONAL SECURITIES IDENTIFICATION NUMBER (“ISIN”) IN9573K01015

Date: November 12, 2020

Name:

Address:

	Last date of Payment: Wednesday, December 2, 2020
	CHEQUE/DEMAND DRAFT SHOULD BE MADE PAYABLE
	TO “RUSHIL DECOR LIMITED CALL MONEY
	COLLECTION A/C” IN CASE OF RESIDENT
	SHAREHOLDERS AND NON-RESIDENT
	SHAREHOLDERS. (PLEASE REFER TO GENERAL
	INSTRUCTIONS1&2)
	PAYMENT FOR CALL MONEY WILL BE ACCEPTED BY
	YES BANK LTD AT THEIR DESIGNATED BRANCHES
	(PLEASE REFER TO GENERAL INSTRUCTIONS 13)

Dear Sir/ Madam,

REF.: ISSUE OF 49,77,111 PARTLY PAID UP EQUITY SHARES OF FACE VALUE OF ₹ 10 EACH OF RUSHIL DÉCOR LIMITED (THE“COMPANY”) FOR CASH AT A PRICE OF ₹ 50 (INCLUDING A PREMIUM OF ₹ 40) PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) FOR AN AMOUNT AGGREGATING UPTO ₹ 2,489 LAKHS ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF THE COMPANY IN THE RATIO OF 1 RIGHTS EQUITY SHARES FOR EVERY 3 FULLY PAID-UP EQUITY SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON SEPTEMBER 11, 2020 (THE “RIGHTS ISSUE”).

SUB.: CALL NOTICE IN TERMS OF SECTION 49 OF THE COMPANIES ACT, 2013, AS AMENDED FOR FIRST CALL MONEY OF ₹ 12.5 (CONSISTING OF ₹ 2.5 TOWARDS FACE VALUE AND ₹ 10 TOWARDS SECURITIES PREMIUM) PER SHARE ON PARTLY PAID UP EQUITY SHARES ALLOTTED PURSUANT TO THE RIGHTS ISSUE ON OCTOBER 15, 2020.

In terms of the letter of offer dated September 7, 2020 (“ Letter of Offer ”) filed with BSE Limited and National Stock Exchange of India Limited, where the Equity Shares are presently listed and traded (the “ Stock Exchanges ”) for the purposes of the Rights Issue, Rights Equity Shares paid up to the extent of ₹12.5 (consisting of ₹2.5 towards face value and ₹10 towards securities premium) per Rights Equity Share were allotted on October 15, 2020.

The Board of Directors in their meeting held on October 31, 2020 has decided to make first call of ₹12.5 (consisting of ₹2.5 towards face value and ₹10 towards securities premium) per Rights Equity Shares issued and allotted pursuant to the Rights Issue of the Company.

The Board of Directors of the Company has fixed Wednesday, November 11, 2020 as the record date for the purpose of ascertaining the holders of Rights Equity Shares to whom the First Call notice (“ Record Date ”), for payment of the First Call money, would be sent. The Company has also given prior notice of the Record Date to the Stock Exchanges as required. Accordingly, the First Call notice is hereby given to you to pay the First Call money as per details given herein below.

Payment of the First Call money be sent through cheque/ demand draft payable at par at Ahmedabad in favor of “Rushil Decor Limited Call Money Collection A/c ” in case of resident shareholders or non-resident shareholders applying on repatriable basis or non-repatriable basis from Tuesday, November 17, 2020 to Wednesday, December 2, 2020 as per the details mentioned below:

First Call Notice Number	Folio Number/ DP Id & Client Id	No. of Rights Equity Shares held as on Record Date	Amount due and payable (₹) First Call @₹12.5 per Rights Equity Share

You are requested to pay the First Call money on or before Wednesday, December 2, 2020 (“ Final Due Date ”) failing which the application money already paid in relation to the Rights Equity Shares in respect of which the First Call payable remains unpaid may be forfeited at any time after the expiry of the Final Due Date. Further, in accordance with the disclosure included in the Letter of Offer in terms of the Articles of Association of the Company, the Rights Equity Shares in respect of which the sum payable in respect of any call remains unpaid, shall be forfeited by the Company at any time after the due date for payment of such call money, after giving prior notice of at least 14 days. Additionally, as per the provisions of the Articles of Association of the Company, you would also not be able to exercise voting rights in respect of the partly paid Equity Shares on which the amount payable by you with respect to the call due has not been paid by the Final Due Date.

Please note that the payment for the First Call will be accepted by Yes Bank Ltd at their designated branches in the manner provided in the General Instructions, from Tuesday, November 17, 2020 to Wednesday, December 2, 2020. The First Call money will not be accepted by Yes Bank Ltd after Wednesday, December 2, 2020. Failure to pay the first call money, as aforesaid shall render the Partly paid Rights Equity shares, including the amount already paid thereon, liable to be forfeited.

All capitalized terms not defined herein would have the same meaning as attributed to them in the Letter of Offer. Please read carefully the instructions overleaf.

Yours Sincerely,

For RUSHIL DECOR LIMITED

Hasmukh K. Modi

Company Secretary and Compliance Officer

ACKNOWLEDGEMENT SLIP FIRST CALL MONEY

Received by cheque/ DD no. dated for ₹ drawn on

(name of bank & branch) being the payment towards First Call money for the above Rights Equity Shares. (Details to be filled by the shareholder) Name of the First/Sole Shareholder:

Folio no./ DP ID/Client ID: No. of Rights Equity Shares: First Call notice no.:

Collecting Bank’s Signature and Stamp

Date:

Note: Cheque subject to realisation

Date:

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