Rushil Decor Limited — Capital/Financing Update 2023

Dec 7, 2023

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RUSH IL DECOR LIMITED

WE'LL MAKE IT

RDL/087 /2023-24 Date: 07.12.2023

To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 NSE EQUITY SYMBOL: RUSHIL

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE SCRIPT CODE: 533470

ISIN: INE573K01017

Dear Sir / Madam,

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Company letter No. RDL/074/2023-24 dated 06.11.2023

Sub: Update on size of preferential issue and allottee

In furtherance of our intimation given vide Letter No. RDL/067/2023-24 dated October 26, 2023, Letter No. RDL/07 4/2023-24 dated November 06, 2023 and pursuant to clarification sought by NSE vide its requirement letters, One of the proposed allottee named Mr. Anoop Jain has been disqualified under SEBI (ICDR) Regulations for participating in the Preferential allotment, hence the issue size of the proposed preferential allotment stands reduced to that extent.

The revised issue size and the number of warrants proposed to be allotted on preferential basis shall be as follows:

NoofConvertiblewarrants to be issued	Issue PricePremiumperTotalamountwarrantincludingpremiumRs.297/-287/-1,22,66, 10,000/-
41,30,000

Further, Mr. Anoop Jain (Non-Promoter) whose name was mentioned in Annexure A, Sr. No. 13, in the Board Meeting outcome dated November 06, 2023, and to whom the number of warrants proposed to be allotted is 70000 warrants has been removed from the list. Accordingly, the issue size of proposed allotment is reduced from 42,00,000 to 41,30,000 warrants. Further, the proposed fund utilisation for the objects of the issue will also be reduced to the extent of reduction in the size of the issue.

RUSH IL DECOR LTD .. RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW, OFF SINDHU BHAVAN ROAD, SHILAJ: AHMEDABAD-380058, GUJARAT, INDIA.

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REGO. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91·79·61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

Please take the same in your records.

Thanking You.

Yours Faithfully,

For, Rushil Decor Limited

HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI Date: 2023.12.07 MODI 17:54:15 +05'30'

Hasmukh K. Modi Company Secretary

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

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REGD. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA. VILLAGE ITLA, GANDHINAGAR-MANSA ROAD,

TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM