Rushil Decor Limited — Capital/Financing Update 2023

Apr 8, 2023

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDL/004/2023-24 Date: 08.04.2023

To, National Stock Exchange of India Ltd. Exchange Plaza, Sandra - Kurla Complex, Sandra (E), Mumbai - 400051 NSE EQUITY SYMBOL: RUSHIL

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 BSE SCRIPT CODE: 533470

ISIN: INE573K01017

Dear Sir / Madam,

Subject: Outcome of the meeting of the Fund Raising Committee of Rushil Decor Limited (the "Company") under Regulation 30 of the SEBI (LODR) Regulations 2015

This is in furtherance to our letter No. RDL/032/2022-23 dated August 6, 2022.

We wish to inform you that the Fund Raising Committee of the Board of Directors has in its meeting held today, i.e. April 08, 2023, fixed Thursday, i.e. April 13, 2023 as the Record Date for the purpose of determining the eligible equity shareholders who are entitled to receive the Rights Entitlements in the rights issue of Equity Shares proposed to be undertaken by the Company (the "Rights Issue").

Further, the Fund Raising Committee at its meeting held today, i.e. on April 8, 2023, has inter alia considered and approved the following terms of the Rights Issue:

• 1) Instrument: Fully paid-up Equity Shares of face value of z 10/- each.

• 1. Total number of Equity Shares and Rights Issue size: 66,35,421[# ] Equit¥ Shares of face value of z 10 each, for an aggregate amount not exceeding z 10,749.38 Lakhs; # _Assuming full subscription. Subject to finalisation of the Basis of Allotment.
• 1. Rights Issue Price: z 162/- (Including a premium of z 152/-) per Rights Equity Share.

• 4) Record Date: Thursday, April 13, 2023 designated for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders");

5) Rights Issue Period:

• (a) Rights Issue Opening Date: Tuesday, May 2, 2023; and

• (b) Rights Issue Closing Date: Friday, May 12, 2023.

• 1. Rights entitlement ratio: Upto one (01) Rights Equity Share for every three (03) fully paid-up Equity Share(s) held on the Record Date held by the Eligible Shareholders as on the Record Date .

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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, 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

• 1. Other terms of the Rights Issue (including renunciation and fractional and zero entitlements): To be included in the Letter of Offer to be filed by the Company with ,. Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited.

Further, we wish to inform you that in terms of SEBI Circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the Company has made necessary arrangement with NSDL and CDSL for the credit of Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The ISIN of such Rights Entitlement is INE573K20025. We hereby confirm and undertake that the Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders under the aforementioned ISIN.

Additionally, the Fund Raising Committee also approved the Letter of Offer, the Abridged Letter of Offer, the Application Form and the Right Entitlement Letter to be filed with Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited.

The meeting of the Fund Raising Committee commenced at 05:15 PM and completed at 07:20 PM.

We request you to take the aforesaid on records.

Thanking you,

Yours faithfully,

For Rushil Decor Limited

HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI Date: 2023.04.08 MODI 19:24:42 +05'30'

Hasmukh K. Modi Company Secretary

RUSHIL 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, 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.COM