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Rushil Decor Limited Capital/Financing Update 2020

Sep 4, 2020

61709_rns_2020-09-04_43ac7648-20e3-427e-b345-45145128582b.pdf

Capital/Financing Update

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RUSHIL DECOR LIMITED

WE'LL MA KE IT

"

RDL/034/2020-21 Date: 04.09.2020

To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza,. Phiroze Jeejeebhoy Towers, Sandra - Kurla Complex, Dalal Street, Sandra (E), Mumbai - 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL BSE SCRIPT CODE: 533470

ISIN: INE573K01017

Dear Sir/Madam,

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

Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015

We refer to our intimation dated September 01, 2020 whereby we have intimated about the convening of meeting of Fund Raising Committee of the Board of Directors of Rushil Decor Limited ("Company") to be held on September 04, 2020.

In furtherance of the same, this is to inform you that Fund Raising Committee of the Board of Directors of Rushil Decor Limited ("Company") held today on September 04, 2020 which considered and approved, inter alia, following terms of Right Issue:

1. Right lssue Size: 49,77, 111 Equity Shares of face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 2,489 Lacs (Rupees Two Thousand Four Hundred Eighty Nine Lacs Only);

2. Right Issue Price: Rs. 50 Per Equity Share (Including premium of Rs. 40 Per Equity Share over face Value of Rs. 10 per Equity Share);

3. Right Entitlement Ratio: One equity share for every three existing shares held by the eligible shareholders as on the record date;

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RUSHIL DECOR LTD .. RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW. OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABA0-380058, GUJARAT, INDIA.

REGO. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD , TA. KALOL, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ 1993PLC019532

PH: +91-79-61400400 I FAX· +91-79-61400401 I EMAIL. [email protected] I WWW.RUSHIL.COM

••• ••• •••

RUSHIL DECOR LIMITED

"

WE'LL MAKE IT

4. Right Issue Schedule:

Issue opening date: September 21, 2020 (Monday) and Issue closing date: October 05, 2020 (Monday);

5. Call option:

Call option:
Time Rs. %
On Application 12.50 25%
On First call 12.50 25%
On Second Call 12.50 25%
On Final and Last call 12.50 25%

6. Other Terms of the Issue (including renunciation): To be included in the letter of offer to be filed by the Company.

The meeting commenced at 1:00 P.M and concluded at 2..:lf.sP.M.

We request you to take the above on record.

Thanking you

Yours Faithfully,

For, Rus il ecor Limited ,. --=-- � � n V) �<' MI)� i I ''<L__..----. �t /· /, :::, A , "'('_ t1 i ,,.. ...,u,- n•"'l"I :...I I r-:;

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

II

AUSHIL DECOA 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, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ1993PLC019532

PH. +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM