Rushil Decor Limited — Capital/Financing Update 2024

Nov 7, 2024

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDL/105/2024-25 Date: 07.11.2024

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 under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 {"SEBI Listing Regulations") by Rushil Decor Limited ("RDL"} in respect of Incorporation of a wholly owned subsidiary company

Pursuant to the provisions of Regulation 30 of SEBI Listing Regulations, we wish to inform you that a Wholly Owned Subsidiary Company of RDL in the name of "RUSHIL DECOR PTE. LTD." has been incorporated.

The details/disclosures in respect of the said subsidiary company, as required under Regulation 30 of the SEBI Listing Regulations, read with Schedule Ill thereto and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are provided in the enclosed Annexure-1.

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

Thanking you,

Yours faithfully,

For, Rushil Decor Limited

MODI Digitally signed by MODI HASMUKH HASMUKH KANUBHAI Date: 2024.11.07 KANUBHAI 11:56:05 +05'30'

Hasmukh K. Modi Company Secretary

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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: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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RUSHIL DECOR LIMITED AnneJ<um-i t[AKE I ] [r ]

Required disclosures/details in respect of Incorporation of a Wholly Owned Subsidiary Company by Rushil Decor Limited, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023:

Sr.	Particulars	Details
No.
a.	Name of the target entity,	Name of the Company:Incorporation of a new
	details in brief such as	Wholly Owned Subsidiary (WOS) Company i.e. Rushil
	size, turnover etc.;	Decor Pte. Ltd. in Singapore.
		Paid-up Capital:Singapore Dollar (SGD)100divided
		into100ordinary shares with a nominal value of SGD1
		per share.
		Turnover:Not applicable, as the Company is newly
		incorporated and yet to commence business operation.
b.	Whether the acquisition	Rushil Decor Pte. Ltd. is a related party of Rushil
	would fall within related	Decor Limited (RDL).
	party transaction(s) and
	whether the promoter/	Promoter/Promoter group will be interested in the
	promoter group/ group	transaction.
	companies have any
	interest in the entity being
	acquired? If yes, nature of
	interest and details
	thereof and whether the
	same is done at "arm's
	length"·
c.	Industry to which the	The newly incorporated WOS will be in the business of
	entity being acquired	trading of all kinds Laminated Sheet, MDF Board, HOF
	belongs;	Board, Plywood and other allied products.
d.	Objects and impact of	The Company incorporated for the purpose of General
	acquisition (including but	Trading Business of all kinds Laminated Sheet, MDF
	not limited to, disclosure	Board, HOF Board, Plywood and other allied products.
	of reasons for acquisition
	of target entity, if its
	business is outside the
	main line of business of
	the listed entity);
e.	Brief details of any	Not Applicable.
	governmental or
	regulatory required approvals fr the
	acquisition;
f.	Indicative time period for	Not Applicable (Please refer sr. no. a)
	completion of the
	acQuisition;

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

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REGO. OFFICE: S. NO. 125, NEAR KALYANP URA 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: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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		RUSHIL
		DECOR LIMITED
g.	Consideration- whether	The Company "RDL" has subscribed 100%E'S!E n
	cash consideration or	Capital in cash in the WOS company. The Company
	share swap or any other form and details of the	may subscribed upto Rs. 10 crores (equivalent to SGD Currency) in this WOS in future to cater to the business
	same;	requirement or working capital requirement or fund
		requirement for any other purpose by the WOS.
h.	Cost of acquisition and/or	RDL has subscribed 100 ordinary shares with a
	the price at which the	nominal value of SGD 1 per share.
	shares are acquired;
i.	Percentage of	RDL holds 100% of shares in the WOS Company
	shareholding/ control
	acquired and / or number
	of shares acquired;
j.	Brief background about	Date of Incorporation:November 6, 2024.
	the entity acquired in
	terms of products / line of	Turnover of last 3 Years:Not Applicable, as the
	business acquired, date	Company has yet to commence it's business operation.
	of incorporation, history of
	last 3 years turnover,	Country of Incorporation:Singapore
	country in which the
	acquired entity has
	presence and any other significant infrmation (in
	brief);

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, INDIA. I GIN: L25209GJ1993PLC019532

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