Rushil Decor Limited — Capital/Financing Update 2021

Aug 13, 2021

RDL/029/2021-22 Date: 13.08.2021

To, To, National Stock Exchange of India Ltd. Exchange Plaza, Sandra - Kurla Complex, Dalal Street, Sandra (E), Mumbai - 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL / RUSHILPP1 SCRIPT CODE: 533470 / 890150

BSE Limited Phiroze Jeejeebhoy Towers,

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 June 30, 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

r Limited ..._____/,..r

���anaging Director DIN: 01059666

Encl.: a/a

OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.

■ RUSHIL DECOR LTD .. RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW, REGO. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE I TLA, 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

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)	2394.54 Lakhs*
Report filed for the Quarter Ended	June 30, 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

Objects for which funds have been raised and where there has been a deviation, in the following table:

Original Object	ModifiedObject, ifany	#OriginalAllocationIn{Rs.lakhs.)	ModifiedAllocation,if any	**FundsUtilized(Rs.Inlakhs)	AmountofDeviation/VariationfortheQuarteraccordingtotheapplicable object	Remarks,if any
orPartrepaymentprepayment of unsecuredloans brought in by thePromoterandPromoterGroup	N.A.	1832.00	N.A.		N.A.	N.A.
General Corporatepurposes	N.A.	622.00	N.A.		N.A.	N.A.

REGD. 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

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 June 30, 2021, has been utilized for the objects as stated in the Letter of Offer dated September 07,2020

* As on June 30, 2021, the total funds received from the Rights Issue is Rs. 2394.54 lacs including the collections towards First Call, Second & Final Call.

#These are the objects as mentioned in the Letter of offer for Rights Issue. This issue is a Partly Paid up Rights Equity Shares.

**During the Quarter ended 30.06.2021, the Company has received Call Money for 253760 shares against the Reminder Notices sent to the Shareholders who had not paid their call money in due time which was utilized by the Company in the month of July, 2021 for the purposes as stated in objects of the issue in Letter of offer. There is no any deviation or variation in the use of the proceeds of Rights Issue for the Quarter ended 30.06.2021.

Yours Faithfully,

Managing Dir ctor DIN: 01059666

Date: August 13, 2021 Place: Ahmedabad

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