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Rushil Decor Limited — Capital/Financing Update 2024
May 9, 2024
61709_rns_2024-05-09_0455350a-bf83-4b7d-91a3-8400fcf19c0f.pdf
Capital/Financing Update
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RUSHIL DECOR LIMITED
WE'LL MAKE IT
RDL/015/2024-25 Date: 09.05.2024
To, National Stock Exchange of India Ltd. Exchange Plaza, Sandra - Kurla Complex, Sandra (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.: 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. 31.72 crores through the preferential issue and may receive the balance amount within the time limit as mentioned in the SEBI (ICDR) Regulations. Out of R_s. 31.72 crores, Company has utilised Rs. 25.47 crores upto the Quarter ended March 31, 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
HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI Date: 2024.05.09 MODI 16:46:44 +05'30'
Hasmukh K. Modi Company Secretary Encl.: a/a
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RUSHIL DECOR LTD., RUSHIL HOUSE, NEAR NEELKAN TH 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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DECOR LIMITED
RUSHIL
WE'L L MAKE IT
Statement of DeviationNariation in Utilization of Fund Raised
| Name of Listed Entity | Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
Rushil Decor Limited Preferential Issue of Convertible Warrants December 23,2023(Date of Allotment of warrants) |
|---|---|---|---|---|---|---|---|
| Mode of Fund Raising Date of Raising Funds |
|||||||
| Amount Raised Report filed for the Quarter Ended |
Size is Rs. 122.661 Crores. But, Company has received Rs.31.72 Crores upto 31.03.2024. March 31, 2024 Applicable CARE Ratings Limited No Not Applicable |
||||||
| Monitorina Aaency Monitoring Agency Name, if applicable Is there any DeviationNariation in use of funds raised If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholder |
Applicable CARE Ratings Limited No Not Applicable |
||||||
| If Yes, Date of shareholder Approval Explanation for the Deviation / Variation Comments of the Audit Committee after review Comments of the auditors, if any |
Not Applicable 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 Funds Allocation, Utilized if any (Rs. In crores) |
Amount of DeviationNariation for the Quarer according to the applicable object |
Remarks, if any |
Remarks, if any |
|---|---|---|---|---|---|
| Decorative N.A. laminates including bigger size (Jumbo size) laminates manufacturing Proiect at Mansa Working Capital N.A. Margin Requirement 90.00 N.A. 21.38 N.A. 10.00 N.A. 0.00 N.A. |
N.A. | ||||
| N.A. | |||||
| MDF Plant & ~~N.A.~~ Machinery as well as Civil Work for existing MDF Manufacturing Plants General N.A. Corporate Purpose 10.00 ~~N.A.~~ 0.77 ~~N.A.~~ 12.661 N.A. 3.32 N.A. |
N.A. NA |
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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 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'L L MAKE IT
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 originally disclosed or
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c) Change in terms of a contract referred to in the fund raising document i.e. Prospectus, letter of offer, etc.
Yours Faithfully,
For, Rushil Decor Limited HASMUKH Digitally signed by HASMUKH KANUBHA KANUBHAI MODI Date: 2024.05.09 I MODI 16:47:46 +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.
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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: [email protected] I WWW.RUSHIL.COM