Rushil Decor Limited — Capital/Financing Update 2021

Feb 12, 2021

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDU083/2020-21 Date: 12.02.2021

To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra - Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL / RUSHILPP1 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 December 31, 2020, 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 akkar Managing Director DIN: 01059666

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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 CIN: L25209GJ1993PLC019532

PH: +91-79-61d00d00 I FAX: +91-79-61400401 I EMAIL: INF0@RUSHIL.C0M I WWW.RUSHIL.COM

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

Statement of Deviation/Variation in utilization of fund raised

Statement of Deviation/Variation in
				utilization of fund raised
Name of Listed EntityRusMode of Fund RaisingRig Date of Raising FundsOctApp
	Name of Listed Entity		Rus	hil Decor Limited
	Mode of Fund Raising		Rig	hts Issue
	Date of Raising Funds		OctApp	ober 15, 2020 (i.e. Allotment onlication in Rights Issue)	all
			DecM	ember 2, 2020 (i.e. Last date of First Cid
			o	ey pero)
	Amount Raised (Rs. in Lakhs)		118	9.34 Lakhs*
	Repor filed for theQuarter Ended		December 31,2020Not Applicable
	Monitoring Agency
	Monitoring Agency Name, if applicable		Not ApplicableNo
	Is there any Deviation/Variation in use of fundsraised
	If yes, whether the same is pursuant to changein terms of a contract or objects, which wasapproved by the shareholders		Not Applicable
	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

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

Original ObjectModifiedObject, ifanyPartrepaymentorN.A.prepayment of unsecuredloansbroughtinby thePromoterandPromoterGroupGeneral CorporateN.A.purposes	Original ObjectModifiedObject, ifanyPartrepaymentorN.A.prepayment of unsecuredloansbroughtinby thePromoterandPromoterGroupGeneral CorporateN.A.purposes	OriginalAllocation**{Rs.**Inlakhs.)	ModifiedAllocation,if any	FundsUtilized(Rs.lakhs)	In	AmountofDeviation/VariationfortheQuareraccordingtotheapplicable object	Remarks,if any
		1832.00	N.A.	1150.00		N.A.N.A.	N.A.
	N.A.	622.00	N.A.	39.34			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. Prospect s letter of offer, etc .

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RUSHIL DECOR LTD., RUSHIL HO USE, NEAR NEELKANTH GREEN BUNGALOW, OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.

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

-;;,

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RUSHIL DEC0R LIMITED WE'LL MAKE IT

*Notes:

*Notes:
Particulars	No of EquityShares		Price per share (inRs.)	Amount (Rs. inlakhs)#Remarks
Total Issue Size	4977111		50(Rs. 10 towards FaceValue and Rs. 40towards SecurityPremium)	2488.55The Rights EquityShares were issued asPartly Paid up shares
Details ofAllotment ofRights EquityShares	4977111		12.50	622.14The Company hasreceived an amount of12.50 per shares onapplicationof which(Rs. 2.5 towards FaceValue and Rs. 10towards Premium)
Details ofAmountreceived onFirst Call	4537631		12.50(Rs. 2.5 towards FaceValue and Rs. 10towards SecurityPremium)	567.20The Company hasreceived an amount of12.50 per share (Rs. 2.5towards Face Value andRs. 10 towardsPremium) onFirst CallMoneyduring thepayment schedule fixedas November 17, 2020to December 2,2020

#Rounded off to two decimal places

The entire money raised by the Company through Rights Issue, upto the Quarter ended December 31, 2020, has been utilized for the objects as stated in the Letter of Offer dated September 07, 2020

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----- Start of picture text ----- Yours Faithfully,LimitedManaging DirectorDIN: 01059666----- End of picture text -----

Date: February 12, 2021 Place: Ahmedabad

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RUSHIL DECOR LTD., RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW, OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA. REGO, OFFICE:$, 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: INFO@RUSHIL.COM I WWW.RUSHIL.C0M