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Rushil Decor Limited Capital/Financing Update 2021
61709_rns_2021-06-24_85b2da3d-a310-4647-9770-8741fb2ce613.pdf
Capital/Financing Update
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RDL/014/2021-22 Date: 24.06.2021
To, National Stock Exchange of India Ltd. Exchange Plaza, Sandra - Kurla Complex, Bandra (E), Mumbai - 400 051 NSE EQUITY SYMBOL: RUSHIL / RUSHILPP1
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 SCRIPT CODE: 533470 / 890150
ISIN: INE573K01017
Dear Sir,
Sub.: Statement of Deviation or Variation in the use of proceeds of Rights Issue of Rushil Decor Limited ("the Company")
Ref.: Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in use of the proceeds from the objects stated in the Letter of Offer for Rights Issue. A statement of deviation or variation, duly reviewed by the Audit committee, is attached herewith.
The entire money raised by the company through Rights Issue, upto the Quarter ended March 31, 2021, has been utilized for the objects stated in the Letter of Offer dated September 07, 2020
Please take the same into your records and kindly acknowledge the receipt.
Thanking You,
Yours Faithfully
Krupesh Managing Di et r DIN: 0105 6
Encl.: a/a
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 CIN: L25209GJ1993PLC019532
| Name of Listed Entity | Rushil Decor Limited | ||
|---|---|---|---|
| Mode of Fund Raising | Rights Issue | ||
| Date of Raising Funds | October 15, 2020 (i.e. Allotment on | ||
| Application in Rights Issue) | |||
| December 2, 2020 (i.e. Last date of First Call | |||
| Money period) | |||
| January 15, 2021 (i.e. Last date of First Call | |||
| Money via Reminder period) | |||
| February 26, 2021 (i.e. Last date of Second & | |||
| Final Call Money period) | |||
| Amount Raised (Rs. in Lakhs) | 1110.04 Lakhs | ||
| Report filed for the Quarter Ended | March 31, 2021 | ||
| Monitoring Agency | Not Applicable | ||
| Monitoring Agency Name, if applicable | Not Applicable | ||
| Is there any Deviation/Variation in use of funds | No | ||
| raised | |||
| If yes, whether the same is pursuant to change | Not Applicable | ||
| in terms of a contract or objects, which was | |||
| approved by the shareholders | |||
| If Yes, Date of shareholder Approval | Not Applicable | ||
| Explanation for the Deviation / Variation | Not Applicable | ||
| Comments of the Audit Committee after review | No comments | ||
| Comments of the auditors, if any | No Comments | ||
Statement of Deviation/Variation in utilization of fund raised
HIL DECOR LTD .. RUSHIL HOUSE. NEAR NEELKANTH GREEN BUNGALOW. OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.
REG - OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE !TLA, GANDHINAGAR-MANSA ROAD, TA. ALOL, 01ST. GAN0HINAGAR-382845, GUJARAT. INDIA. I GIN: L25209GJ1993PLC019532
Objects for which funds have been raised and where there has been a deviation� 1 'i°ri\�� KE IT following table:
| Original Object | ModifiedObject, ifany | OriginalAllocation (Rs. Inlakhs.) | ModifiedAllocation,if any | FundsUtilizedIn(Rs.lakhs) | AmountofDeviation/VariationtheQuarterforaccordingtotheapplicable object | Remarks,if any |
|---|---|---|---|---|---|---|
| Part repayment orprepaymentofunsecuredloansbrought in by theandPromoterPromoter Group | N.A. | 1832.00 | N.A. | 600.00 | N.A. | N.A. |
| General Corporatepurposes | N.A. | 622.00 | N.A. | 475.04 | N.A. | N.A. |
Deviation or Variation could mean:
- a) Deviation in the objects or purposes for which the funds have been raised or
- b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
- c) Change in terms of a contract referred to in the fund raising document i.e. Prospectus, letter of offer, etc.
*Notes:
The entire money raised by the Company through Rights Issue, upto the Quarter ended March 31, 2021, has been utilized for the objects as stated in the letter of Offer dated September 07, 2020. The figures mentioned in this letter for funds utilised are pertains to the Quarter ended on March 31, 2021.
Yours Faithfully,
ecor Limited
Kru G Thakkar Managing irector DIN: 0105 666
RUSHIL DECOR LTD .. RUSHIL HOUSE, NEAR NEE LKANTH GREE N BUNGALOW. OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.
TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209 GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM