Rushil Decor Limited — Capital/Financing Update 2024

Oct 3, 2024

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RUSHIL DECOR LIMITED

RDL/089/2024-25 Date: 03.10.2024

WE'LL MAKE IT

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 SCRIPT CODE: 533470

ISIN: INE573K01025

Dear Sir/Madam,

Sub.: Intimation of allotment of Equity Shares upon conversion of Warrants on Preferential basis under the provisions of the Securities and Exchange Board of India {Issue of Capital and Disclosure Requirements) Regulations, 2018 {"SEBI ICDR Regulations").

This is in furtherance of the intimation No. RDU089/2023-24 given by the Company on 23[rd ] December, 2023, wherein we had informed you that the Company had allotted 41,30,000 convertible warrants to total 38 allottees on preferential basis for an issue price of Rs. 297/- per warrant, out of which Rs. 30.66 Crores (25% of the issue price) has already been received as the initial subscription amount at the time of allotment of the warrants.

From the record date August 09, 2024, Company's equity shares split / sub-divided from 1 share of Rs. 10 each into 10 equity shares of Rs. 1 each. Accordingly, the convertible warrants allotted on 23[rd ] December, 2023 would be considered as 4, 13,00,000 after the split of shares.

Till date, the Company has allotted 95,00,000 equity shares of Rs. 1 each by conversion of 95,00,000 warrants out of total 4, 13,00,000 convertible warrants allotted by the company.

Out of remaining 75% amount, 2 allottees (Non-Promoter) have deposited Rs. 2,00,47,500/- in aggregate towards their respective subscription and have exercised their right to convert total 9,00,000 warrants into 9,00,000 equity shares of the Company of face value Rs. 1/- each. After this allotment, total 17 warrant holders have exercised their full right of conversion and 3 warrant holders have exercised partial right of conversion. Accordingly, total 1,04,00,000 equity shares of Rs. 1 each allotted including current allotment.

Pursuant to Regulation 30 read with Schedule Ill of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that out of the balance convertible warrants allotted, 2 allottees as per the details given in Annexure-B attached, has now opted to exercise and convert the 9,00,000 warrants which are convertible into 9,00,000 equity shares of the Company, of face value Rs. 1/- each, in terms of the provisions of Chapter V of the SEBI ICDR Regulations, and the terms of allotment of the warrants.

In this regard, the Fund raising committee of Board of Directors of the Company has, at its meeting held on 03[rd ] October, 2024, considered and approved the allotment of 9,00,000 equity shares of the

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

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

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

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RUSHIL DECOR LIMITED

Company of face value of Rs. 1/- each, at a premium of Rs. 28.70 per share, pursuanhf€>rvtJ:;JeE 1T exercise and conversion of 9,00,000 convertible warrants against receipt of the balance subscription amount (i.e. 75% of the issue price) to the allottees as per detailed in Annexure-B.

With this conversion and allotment, entire 9,00,000 convertible warrants issued to the allottees as mentioned in Annexure-B, stands converted into equity shares.

Pursuant to the above allotment, there has been an increase in the issued, subscribed and paid- up share capital of the Company as tabled below:

Particulars Befre Allotment Afer Allotment	Particulars Befre Allotment Afer Allotment	Particulars Befre Allotment Afer Allotment	Particulars Befre Allotment Afer Allotment	Particulars Befre Allotment Afer Allotment
Equity share Capital	Number of	Value	Number of Value
	Shares of (fce value of Re.1 each Re. 1/- each)		Shares of Re.1 each	(face value of Re. 1/- each)
Issued Capital #	27,49,38,640 27 ,49,38,640		27,58,38,640	27 ,58,38,640
!Subscribed and Paid-up Capital#	27,49,16,820 27,49,16,820		27,58, 16,820 27,58;16,820

The difference of 21820 equity shares between issued, subscribed and paid-up capital is on account of forfeiture of shares.

The pre and post allotment shareholding of the Non - promoter shall be as under:

Category Pre-Allotment Non-Promoter 12,42,42,540	%of the total Post Allotment o of the total paid-up capital paid-up capital 45.19 12,51,42,540 45.37

The new equity shares so allotted shall rank pari passu with the existing equity shares of the Company in all respects, including the payment of dividend and voting rights.

Pursuant to Regulation 30 and Schedule Ill of the Listing Regulations, read with the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 on disclosure of material events/ information by listed entities, dated 13[th ] July, 2023 ("SEBI Disclosure Circular''), the detailed disclosure in respect of the allotment of equity shares pursuant to conversion of warrants is set out below at Annexure-A.

This disclosure shall also be made available on the Company's website at w.rushil.com

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

Thanking you,

Yours faithfully,

For Rushil Decor Limited

MODI HASMUKH Digitally signed by MODI HASMUKH KANUBHAI KANUBHAI Date: 2024.10.03 14:50:26 +05'30'

Hasmukh K. Modi Company Secretary 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.

REGD. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, TA. KALOL, DIS T. 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 OECOR LIMITED WE'LL MAKE IT

Annexure-A

Disclosure in respect of the allotment of equity shares pursuant to conversion of warrants, in terms of Regulation 30 and Schedule Ill of the SEBI Listing Regulations, read with the SEBI Disclosure Circular

isclosure Circular	isclosure Circular	isclosure Circular	isclosure Circular	isclosure Circular
Sr. Pariculars Details No. 1. Type of securities proposed to Equity shares pursuant to be issued (viz. equity shares, convertibles, etc.					conversion of warrants
2.	Type of issuance (further Preferential allotment, on a private placement public offering, rights issue, basis. depository receipts (ADR/GDR), qualified Institutions placement, preferential allotment etc.)
3. 4.	Total number of securities 9,00,000 equity shares of face value Re. 1/- proposed to be issued or the each, pursuant to conversion of 9,00,000 total amount for which the warrants, against receipt of the balance securities will be issuedsubscription amount of Rs. 29.7/- per warrant (approximately) (i.e. 75% of the issue price), aggregating to INR 2,00,47,500/-. In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s):			9,00,000 equity shares of face value Re. 1/- each, pursuant to conversion of 9,00,000 warrants, against receipt of the balance subscription amount of Rs. 29.7/- per warrant (i.e. 75% of the issue price), aggregating to INR 2,00,47,500/-.
a)	Name of the investor			The name of the allottees is as mentioned in Annexure -B
				Pursuant to the aforesaid allotment, the issued, subscribed and paid-up share capital of the Company stands increased in the manner as set out in the letter above. Consequently, the Non- promoter shareholding stands at 45.37%.
				Rs. 29. 70 per warrant
d) Number of investors e) In case of convertibles~~-~~ intimation onconversionof securities or on lapse of the tenure of the instrument				2 (Two)
				2 allottees as mentionedinAnnexure-Bhas exercised their right and converted their 9,00,000 convertible warrants into 9,00,000 equity shares of the Company which have been allotted on 03rdOctober, 2024 .

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 KALYANPUAA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, TA. KALOL, DIST. GANDHINAGAA-382845, GUJARAT, INDIA. I CIN: L25209GJ1993PLC019532

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

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RUSHIL DECOR LIMITED WE'LL MAKE IT

Annexure-B

Disclosure in respect of the allotment of equity shares pursuant to conversion of warrants, in terms of Regulation 30 and Schedule Ill of the SEBI Listing Regulations, read with the SEBI Disclosure Circular

List of Investors

Sr. No. 1	Name of Warrant holder Rahul Pramod Menon	No. of Amount warrant per warrant applied for (Rs.) 5,00,000 29.7	No. of Amount warrant per warrant applied for (Rs.) 5,00,000 29.7	Conversion of Warrants into Equity Shares (No.) 5,00,000	Amount Received for conversion of warrants into equity shares (Rs.) 1,48,50,000
2	Viraj Aggaral	4,00,000	29.7	4,00,000	1,18,80,000

RUSHIL 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, /NDIA. I C/N: L25209GJ 1993PLC019532

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