Rushil Decor Limited — Capital/Financing Update 2023

Oct 26, 2023

==> picture [595 x 126] intentionally omitted <==

RDL/068/2023-24 Date: 26.10.2023

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 SCRIP CODE: 533470

ISIN: INE573K01017

Dear Sir/Madam,

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015

- Sub.: Updation in earlier intimation vide our letter No. RDL/067/2022 23 dated 8th November, 2023.

This is in furtherance of our earlier intimation dated 8[th] November, 2022 bearing Letter No. RDL/067/2022-23, regarding proposal relating to setting up of new green field unit in vicinity of existing laminate plants in Gujarat for manufacture of decorative laminates including bigger size (Jumbo size) laminates having aggregate installed capacity of 1.2 million sheets per annum at an approximate outlay of Rs. 60 crores.

We would like to inform you that the same was reconsidered by the Meeting of Board of Directors in its meeting held today and decided to enhance the outlay of project upto Rs.90 Crore due to increase in proposed capacity of the project. Further, the project is proposed to be funded from issuance of warrants convertible into Equity shares on preferential basis.

The Board meeting commenced at 11:15 AM and concluded at 4:00 PM.

Please take the same into your records and do the needful.

Thanking you,

Yours faithfully

For, Rushil Decor Limited

SIGN HASMUKH Digitally signed by HASMUKH KANUBHA KANUBHAI MODI Date: 2023.10.26 I MODI 19:39:40 +05'30' ________________ Hasmukh K. Modi Company Secretary

==> picture [595 x 98] intentionally omitted <==

`