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Rushil Decor Limited Capital/Financing Update 2024

Jun 11, 2024

61709_rns_2024-06-11_57a7a9e6-cc75-4694-85a8-50919165bf9e.pdf

Capital/Financing Update

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••• ••• •••

RUSHIL DECOR LIMITED

WE'L L MAKE IT

RDL/029/2024-25 Date: 11.06.2024

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: INE573K01017

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. RDL/089/2023-24 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.

The Company had allotted 1,90,000 equity shares by conversion of 1,90,000 warrants to 5 allottees (Non Promoters) from the total 38 allottees as intimation No. RDL/013/2024-25 given by the Company on 9[th ] May, 2024. Further, the company made allotment of 65,000 equity shares by conversion of 65,000 warrants to 2 allottees (Non Promoters) from the total 38 allottees as intimation No. RDL/025/2024-25 given by the Company on 24th May, 2024.

Out of remaining 75% amount, 3 allottees (Non Promoter) has deposited Rs. 5,56,87,500/- in aggregate towards their respective subscription and have exercised their right to convert total 2,50,000 warrants into 2,50,000 equity shares of the Company of face value Rs. 10/- each.

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 38,75,000 convertible warrants allotted, 3 allottees as per the details given in Annexure-B attached, has now opted to exercise and convert the 2,50,000 warrants which are convertible into 2,50,000 equity shares of the Company, of face value Rs. 10/- 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 11[th ] June, 2024, considered and approved the allotment of 2,50,000 equity shares of the Company of face value of Rs. 10/- each, at a premium of Rs. 287/- per share, pursuant to the exercise and conversion of 2,50,000 convertible warrants (out of the balance 38,75,000 convertible

•••

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: L25209GJ1993PLC019532

PH: +91·79·61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM

••• ••• •••

RUSHIL DECOR LIMITED

WE'LL MAKE IT

warrants allotted) 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 2,50,000 convertible warrants issued to the allottees as mentioned in Annexure-8, 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 Befre Allotent
Afer Allotment
Number of
Value
Number of
Value
Shares
(fce value of Rs.
Shares
(face value ofRs.·
10/- each}
10/- each)
2,67,98,864
26,79,88,640
·2,70,48,864
27,04;88,640·.·,
. . .
2,67,96,682
26,79,66,820
2,70,46,682
27,04,66,820
 Befre Allotent
Afer Allotment
Number of
Value
Number of
Value
Shares
(fce value of Rs.
Shares
(face value ofRs.·
10/- each}
10/- each)
2,67,98,864
26,79,88,640
·2,70,48,864
27,04;88,640·.·,
. . .
2,67,96,682
26,79,66,820
2,70,46,682
27,04,66,820
 Befre Allotent
Afer Allotment
Number of
Value
Number of
Value
Shares
(fce value of Rs.
Shares
(face value ofRs.·
10/- each}
10/- each)
2,67,98,864
26,79,88,640
·2,70,48,864
27,04;88,640·.·,
. . .
2,67,96,682
26,79,66,820
2,70,46,682
27,04,66,820
 ·
'
Equity_share Capital Number of
Shares
Issued Capital #
Subscribed and Paid-up
Capital#
 2,67,98,864
2,67,96,682
26,79,66,820
2,70,46,682
27,04,66,820

The difference of 2182 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:

Pre-Allotment % of the total
Post Allotment
paid-up capital		 % of the total
paid-up capital
1, 18,29,254 44.14
1,20,79,254
44.66

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 HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI Date: 2024.06.11 MODI 12:10:23 +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.

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

••• ••• •••

RUSHIL D ECOR LIMITED

WE'LL MAJ.(E 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

Sr.
No.		 Pariculars
Type of securities proposed to
be issued (viz. equity shares,
convertibles, etc.
Type ofissuance(further
public offering, rights issue,
depository receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)		 Pariculars
Type of securities proposed to
be issued (viz. equity shares,
convertibles, etc.
Type ofissuance(further
public offering, rights issue,
depository receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)		 Pariculars
Type of securities proposed to
be issued (viz. equity shares,
convertibles, etc.
Type ofissuance(further
public offering, rights issue,
depository receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
1.
2.
3.
Total number of securities
proposec to be issued or the
total amount for which the
securities
will
be
issued
(approximately)
4.
a)
b)
Post allotment of securities
outcome of the subscription
c) Issue price/ allotted price (in
case of convertibles)		 Rs. 297/- per warrant
d) Number of investors 3 (Three)
e) Incaseofconvertibles~~-~~
intimation on conversion of
securities or on lapse of the
tenure of the instrument		 3allottees asmentionedinAnnexure-Bhas
exercised
and
converted
their
2,50,000
convertible warrants into 2,50,000 equity shares
of the Company which have been allotted on
11thJune 2024 .

•••

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 IT LA, 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

••• ••• •••

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		 No. of
warrant
applied
for		 Amount
per
warrant
**(Rs.) **		 Conversion of
Amount Received
Warrants into
for conversion of
Equity Shares
warrants into
(No.)
equity shares (Rs.)
2,00,000
5,94,00,000
25,000
74,25,000
25,000
74,25,000
NAV CAPITAL VCC-
NAV CAPITAL
EMERGING STAR
FUND		 2,00,000
297
2 NALIN
VRAJLAL
SHAH
45,000
297
25,000
297
3 SURESHCHAND
NARSINGLAL JAIN

•••

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: [email protected] I WWW.RUSHIL.COM

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