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Rushil Decor Limited — Capital/Financing Update 2022
Feb 12, 2022
61709_rns_2022-02-12_694d5481-c6d9-4326-b883-b52a727d984b.pdf
Capital/Financing Update
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••• ••• RUSHIL DECOR LIMITED •••
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RDL/079/2021-22 Date: 12.02.2022
WE'LL MAKE IT
To, National Stock Exchange of India Ltd. Exchange Plaza, Sandra - Kurla Complex, Sandra (E), Mumbai - 400 051 NG[ [QUITY SYMBOL: RUSHIL / RUSHILPPI
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbaiw 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 December, 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
ecor Limited
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Encl.: a/a
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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 GIN: L25209GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM
••• ••• •••
RUSHIL DECOR LIMITED
Statement of Deviation/Variation in utilization of fund raised
WE'LL MAKE IT
| Statement of Deviation/Variation in utilization of fund raised WELL MAKE IT |
Statement of Deviation/Variation in utilization of fund raised WELL MAKE IT |
Statement of Deviation/Variation in utilization of fund raised WELL MAKE IT |
|---|---|---|
| Name of Listed Entity Rushil Decor Limited |
||
| Mode of Fund Raising Rights Issue Date of Raising Funds October15, 2020(i.e. Allotment on Applicationin Rightc lcc11p) Decerbe12, 2020(i.e. Last date of First Call Money plriod) January15, 2021(i.e. Last date of First Call Money via Reminder period) February26, 2021(i.e.Last date of Second & Final Call Money period) July26, 2021(i.e. Last date of final reminder cum ru, relLure 11ullce rut µcym�nt bf first, seccnd at tinal call money) July26,2021(i.e.Lastdateofremindercum forfeiture notice for payment of second and final call money) |
||
| Amount Raised (Rs. in Lakhs) | *90.64Lakhs during the Quarter ended on31.12.2021 | |
| Report filed for the Quarter Ended | December31, 2021 | |
| Monitoring Agency | Not Applicable | |
| Monitoring Agency Name, if applicable | Not Applicable | |
| Is there any Deviation/Variation in use of funds raised |
No | |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved 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 |
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RU 8 HI L O ECO R 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 GIN: L25209GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM
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RUSHIL
DECOR LIMITED
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Objects for which funds have been raised and where there has been a deviation, inWffM MAKE IT following table:
| Original Object |
Modified Object, if any |
Original Allocation {Rs. In lakhs.) |
Modified Allocation, if any |
Funds Utilized {Rs. In lakhs) during the quarter |
Amount of Deviation IVariationfor the Quarter according to the applicable object Remarks, if any |
|---|---|---|---|---|---|
| ~~rir ~~l"OlliVlilCmor prepayment of unsecured loans broughtinbythe Promoter and Promoter Group General Corporate purposes |
['l,/\ N.A. |
l���.00 622.00 |
f1U\ N.A. |
��.00 8.64 |
N,/, N.A. �LI, N.A. |
DP.viation or Variation could mean:
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a) Deviation in the objects or purposes for which the funds have been raised or
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b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
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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 December 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 utilized are pertains to the Quarter ended on December 31, 2021 except the figure mentioned in Amount Raised (Rs. in Lakhs) which is pertains to the Quarter ended on September 30, 2021 and the same was utilized by the Company in the quarter ended on December 31, 2021. This amount was received in the escrow account of the Company in the quarter ended on September 30, 2021.
Yours Faithfully,
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For, Rushil De
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' '----Kru'pesh G.
Managing Direct r
DIN: 01059666
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RUSHIL DECQR 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