Rushil Decor Limited — Capital/Financing Update 2020

Sep 7, 2020

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RUSHIL OECOR LIMITED WE'LL MAKE IT

RDL/035/2020-21 Date: 07.09.2020

To, National Stock Exqhange of India 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 BSE SCRIPT CODE: 533470

ISIN: INE573K01017

Dear Sir/Madam,

Sub: Outcome of the Meeting of Fund Raising Commitee of the Board of Directors of Rushil Decor Limited.

Ref: Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 ~~1~~ as amended and Regulation 68 of Securities and Exchange Board of India (ssue of Capital and Disclosure Requirements) Regulations, 2018,

This is further to our intimation dated 4 [th ] September, 2020 with respect to the meeting of Fund Raising Committee of the board of directors ("Board of Directors") of Rushil Decor Limited ("Company") approving Issue of up to 49,77, 111 Equity Shares of face value of { 10 each of our Company for cash at a price of { 50 per Rights Equity Share (including a premium of { 40 per Rights Equity Share) on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of 01 (one) Rights Equity Share for every 03 (three) Equity Shares held by the Eligible Equity Shareholders of our Company on the Record Date ("Rights Issue").

In relation to the aforesaid Rights Issue and in accordance with Regulations 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended and Regulation 68 of the SEBI (ICDR) Regulations, 2018, the Fund Raising Committee of the Board of Directors at its meeting held today i.e. 7[th ] September, 2020, has considered and approved, inter alia, the following:

1. Record Date: The record date for the purpose of determining the equity shareholders who are entitled to receive ttie Rights Entitlement in the Rights Issue is 11[th ] September, 2020, Friday ("Record Date").

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PH: +91-79•61400400 I FAX +91-79-61400401 I EMAIL, I N FOORUSHIL.COM I WWW RUSHIL.COM

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RUSHIL DECOR LIMITED WE'LL MAKE IT

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2. Letter of Offer & Abridged Letter of Offer: The Committee has also approved the Letter of Offer as well as Abridged Letter of Offer in the committee meeting held on today.

ISIN for Right Entitlement: Further, in terms of SEBI Circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The ISIN of such Rights Entitlement is INE573K20017. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders under the aforementioned ISIN.

We request you to take the above on record.

Thanking you Yours Faithfully,

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Hasmukh K. Modi Compliance Officer Tele No.: (079) 61400400 Email: ipo@rushil.com

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

D NO 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD , �:·[G] KAL[�:'��/ ] , GANDHINAGAR-382845 GUJARAT INDIA I CIN L25209GJ1993PLC019532 PH. +91•79•61400400 I FAX: +91•79•61400401 I EMAIL: INFOORUSHIL.COM I WWW RUSHIL.COM