Rushil Decor Limited — Capital/Financing Update 2024

Sep 4, 2024

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RUSHIL DECOR LIMITED WE'LL MAKE IT

RD L/077 /2024-25 Date: 04.09.2024

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 SCRIP 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.

Till date, the Company has allotted 9,00,000 equity shares by conversion of 9,00,000 warrants (pre-split) to 18 allottees (Promoter/Promoter Group and Non-Promoters) out of total 41,30,000 convertible warrants allotted by the company on 23.12.2023.

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.

Out of remaining 75% amount, 1 allottee (Non-Promoter} have deposited Rs. 1,11,37,500/- in aggregate towards their respective subscription and have exercised their right to convert total 5,00,000 warrants into 5,00,000 equity shares of the Company of face value Rs. 1/- each (post effect of split of shares).

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, 1 allottee as per the details given in Annexure-B attached, has now opted to exercise and convert the 5,00,000 warrants which are convertible into 5,00,000 equity shares of the Company, of face value Rs. 1/- each (post effect of split of shares), 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 04[th ] September, 2024, considered and approved the allotment of 5,00,000 equity shares of the Company of face value of Rs. 1/- each, at a premium of Rs. 28.70 per share (post effect of split of shares), pursuant to the exercise and conversion of 5,00,000 convertible warrants against receipt

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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, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ 1993P LC019532

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

AKE I r of the balance subscription amount (i.e. 75% of the issue price) to the allottees as per detat"le'd Lirt-1 Annexure-B.

With this conversion and allotment, entire 5,00,000 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:

Pariculars	Before Allotment Afer Allotment	Before Allotment Afer Allotment	Before Allotment Afer Allotment	Before Allotment Afer Allotment
Equity share Capital **Issued Capital # **	Number of Shares of Rs.1 each 27,44,38,640	Value Number of (face value of Shares of Rs. 1/- each) Rs.1 each		Value (face value of Rs. 1/- each)
			27,44,38,640 27,49,38,640	27,49,38,640
Subscribed and Paid-up Capital#	27,44, 16,820		27,44, 16,820 27,49,16,820	27,49,16,820

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

Note: In this table, the numbers of shares and the face value is mentioned after giving effect of split of share from Rs. 10/- per share to 10 shares of Rs.1I- each.

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

Category Non-Promoter		Pre-Allotment	% of the total paid-up capital 45.09	Post Allotment 12,42,42,540	% of the total paid-up capital 45.19
		12,37,42,540

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 www.rushil.com

Please take the same into your records and do the needful. Thanking you,

Yours faithfully, For Rushil Decor Limited KRUPESH Digitally signed by KRUPESH GHANSHYAMBH GHANSHYAMBHAI THAKKAR Date: 2024.09.04 18:42:45 AI THAKKAR +05'30'

Krupesh G. Thakkar Managing Director DIN: 01059666

Encl.: a/a

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 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[E I ][r] An nffilre 1:::1.

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

Sr. Paricular No. 1. Type of securities proposed to be issued (viz. equity shares, converibles, etc.	Sr. Paricular No. 1. Type of securities proposed to be issued (viz. equity shares, converibles, etc.		Details Equity shares pursuant to conversion of warrants
2. Type of issuance (further Preferential allotment, on a private placement public ofering, rights issue, basis. depository receipts (ADR/GDR), qualified Institutions placement, preferential allotment etc.) 3. Total number of securities 5,00,000 equity shares of face value Rs. 1/- proposed to be issued or the each, pursuant to conversion of 5,00,000 total amount for which the warrants, against receipt of the balance securities will be issued subscription amount of Rs. 29.7/- per warrant (approximately) (i.e. 75% of the issue price), aggregating to INR 1, 11,37 ,500/- (post effect of split of shares,), 4. In case of preferential issue the listed entity shall disclose the fllowing additional details to the stock exchange{s): a) Name of the investor The name Annexure -B of the allottee is as mentionedin b) Post allotment of securities Pursuant to the aforesaid allotment, the issued, outcome of the subscription 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 45.19%.
			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 45.19%.
c)	Issue price/ allotted price (in case of convertibles)		Rs. 29. 70 per warrant
d)	Number of investors Incaseof convertibles- intimation on conversion of securities or on lapse of the tenure of the instrument		1 (One) 1allottee as mentioned inAnnexure-Bhas exercised their right and converted their 5,00,000 convertible warrants into 5,00,000 equity shares of the Company which have been allotted on 04thSeptember, 2024 .
e)

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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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An rt'exurfi.LB[E I T ]

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

List of Investors	List of Investors
Sr. Name of No. Warrant holder			No. of warrant applied for 5,00,000		Amount per warrant (Rs.)	Conversion of Warrants into Equity Shares (No.)		Amount Received for conversion of warrants into equity **shares (Rs.) **
1	Brijendra Kumar				29.7	5,00,000		1,48,50,000

Note: In this table the number of warrants, amount per warrant as well as allotment of Equity shares on conversion of warrants are mentioned after giving effect of split of share from Rs. 10/- per share to 10 shares of Rs.1/- each .

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RUSHIL DECQR LTD., RUSHIL HOUSE, NEAR NEELKAN TH 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, 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