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Rushil Decor Limited — Capital/Financing Update 2024
Oct 26, 2024
61709_rns_2024-10-26_d0e3d092-883b-4dd6-8b2f-d40e5b5b7778.pdf
Capital/Financing Update
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RUSHIL DECOR LIMITED WE'LL MAKE IT
RD L/096/2024-25 Date: 26.10.2024
To, To, National Stock Exchange of India Ltd. BSE; Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE EQUITY SYMBOL: RUSHIL SCRIPT CODE: 533470
ISIN: INE573K01025
Dear Sir/ Madam,
Sub.: Statement of Deviation or Variation in the use of proceeds of Preferential Issue of Rushil Decor Limited ("the Company")
Ref.: Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in use of the proceeds from the objects stated in the Private Placement Offer Letter for Preferential Issue. A statement of deviation or variation, duly reviewed by the Audit Committee, is attached herewith.
The Company has received Rs. 58.68 crores through the preferential issue upto September 30, 2024 and may receive the balance amount within the time limit as mentioned in the SEBI (ICDR) Regulations. Outof Rs. 58.68 crores, Company has utilised Rs. 56.48 crores upto the Quarter ended September 30, 2024 for the objects stated in the Private Placement Offer Letter.
Please take the same into your record and do the needful.
Thanking You,
Yours Faithfully
For Rushil Decor Limited
Digitally signed MODI by MODI HASMUKH HASMUKH KANUBHAI KANUBHAI Date: 2024.10.26 15:57:55 +05'30'
Hasmukh K. Modi Company Secretary
Encl.: a/a
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RUSHIL DECQR 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: L25209GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM
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RUSHIL DECOR LIMITED WE'LL MAKE IT
Statement of DeviationNariation in Utilization of Fund Raised
| Name of Listed Entity Mode of Fund Raising Date of Rising Funds Amount Raised Report fled for the Quarer Ended |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23, 2023(Date ofAllotmentof warrants) Size is Rs: 122.661 Crores. But, Company has received Rs. 58.68 Crores upto 30.09.2024. September 30, 2024 Aoolicable CARE RatinQs Limited No Not Applicable Not Applicable Not Applicable -No comments No Comments |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23, 2023(Date ofAllotmentof warrants) Size is Rs: 122.661 Crores. But, Company has received Rs. 58.68 Crores upto 30.09.2024. September 30, 2024 Aoolicable CARE RatinQs Limited No Not Applicable Not Applicable Not Applicable -No comments No Comments |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23, 2023(Date ofAllotmentof warrants) Size is Rs: 122.661 Crores. But, Company has received Rs. 58.68 Crores upto 30.09.2024. September 30, 2024 Aoolicable CARE RatinQs Limited No Not Applicable Not Applicable Not Applicable -No comments No Comments |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23, 2023(Date ofAllotmentof warrants) Size is Rs: 122.661 Crores. But, Company has received Rs. 58.68 Crores upto 30.09.2024. September 30, 2024 Aoolicable CARE RatinQs Limited No Not Applicable Not Applicable Not Applicable -No comments No Comments |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23, 2023(Date ofAllotmentof warrants) Size is Rs: 122.661 Crores. But, Company has received Rs. 58.68 Crores upto 30.09.2024. September 30, 2024 Aoolicable CARE RatinQs Limited No Not Applicable Not Applicable Not Applicable -No comments No Comments |
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|---|---|---|---|---|---|---|---|
| Monitoring AQencv | Aoolicable | ||||||
| _ Monitorinq Agency Name, if applicable Is there any DeviationNariation in use of funds raised Jf yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders |
CARE RatinQs Limited No Not Applicable Not Applicable |
||||||
If Yes, Date of shareholder Approval |
Not Applicable | ||||||
Explanation for the Deviation / Variation Comments of the Audit Committee after review Comments of the auditors, if anv |
Not Applicable -No comments No Comments |
||||||
Objects for which funds have been raised and where there has been a deviation, in the following table:
| Original Object | Modified Object, if any |
Original Allocation (Rs. In crores) |
Modified Allocation, if any |
Funds Utilized (Rs. In crores) |
Amount of DeviationNariation for the Quarer according to the applicable object |
Remarks, if any |
|||
|---|---|---|---|---|---|---|---|---|---|
| Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at Mansa |
N.A. | 90.00 | N.A. N.A. N.A. |
51.25 | N.A. | N.A. N.A. |
|||
| Working Capital Margin Requirement MDF Plant & Machinery as well as Civil Work for existing MDF Manufcturing Plants |
N.A. N.A. |
10.00 10.00 |
0.00 1.91 |
N.A. N.A. |
|||||
| N.A. | |||||||||
| General Corporate Puroose |
N.A. 12.66 |
N.A. | 3.32 | N.A. | N.A. |
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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, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INF [email protected] I WWW.RUSHIL.COM
WE'L L MAKE IT
- ,.
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RUSHIL DECOR LIMITED
Deviation or Variation could mean:
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a) Deviation in the objects or purposes for which the funds have been raised or ./,.- ...
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b) Deviation in the amount, of funds actually utilized as against what was ociginally :; ,: , disclosed or
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c) Change in terms of a contract referred to in the fund raising document i.e. Prospect1.1�> ·�:.,-;••. letter of offer, etc.
Yours Faithfully,
' .
For, Rushil Decor Limited
Digitally signed MODI by MODI HASMUKH HASMUKH KANUBHAI KANUBHAI Date: 2024.10.26 15:58:43 +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, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM