Rushil Decor Limited — Capital/Financing Update 2024

May 9, 2024

••• ••• ••• RUSHIL DECOR LIMITED

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RDL/013/2024-25 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.: Intimation of allotment of Equity Shares upon conversion of Warrants on preferential basis under the provisions of the Securities and Exchange Board of India (ssue 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.

Out of remaining 75% amount, 5 allottees (Non Promoters} from the total 38 allottees have deposited Rs.4,23,22,500/- in aggregate towards their respective subscription and have exercised their right to convert total 1,90,000 warrants into 1,90,000 equity shares of the Company ef 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 41,30,000 convertible warrants allotted, 5 allottees as per the details given in Annexure-B attached, have now opted to exercise and convert the 1,90,000 warrants which are convertible into 1,90,000 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 Board of Directors of the Company has, at its meeting held on 9[th ] May, 2024, considered and approved the allotment of 1,90,000 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 1,90,000 convertible warrants {out of the 41,30,000 convertible 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.

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

••• ••• RUSHIL DECOR LIMITED WE'LL MAKE IT •••

With this conversion and allotment, entire 1,90,000 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 capital of the Company as tabled below:

Equity share Capital Value Shares (face value of Rs. 10/- each		Shares otment Value (face value of Rs. 10/- each
Issued Capital # 2,65,43,864 2,65,43,8640		2,67,33,864 26, 73,38,640
Subscribed and Paid-u Ca ital# 2,65,41,682 26,54, 16,820		2,67,31,682 26,73, 16,820

# 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 paid-u. capital	Post Allotment	%of the total paid-u� capital
1, 15,74,254	43.61%	1, 17,64,254	44.01

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 111 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 e[q] uity 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 w.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: 2024.05.09 16:33:44 MODI +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 GIN: L25209GJ1993PLC019532

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

••• ••• ••• RUSHIL DECOR LIMITED

WE'LL MAKE 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	Pariculars	Pariculars	Pariculars
1. 2.
		Type of issuance (further public ofering, rights issue, depository receipts (ADR/GDR), qualified Institutions placement, preferential allotment etc.)
3.
4. a)		In case of preferential issue the listed entity shall disclose the fllowing additional details to the stock exchange(s): Name of the investor The name of the allottee is as mentioned in Annexure -8 Post allotment of securities - Pursuant to the afresaid allotment, the outcome of the subscription 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 increased from 43.61% to 44.01% Issue price/ allotted price Rs. 297 /- per warrant (in case of convertibles)
b) c)		Post allotment of securities - outcome of the subscription Issue price/ allotted price (in case of convertibles)
			Rs. 297 /- per warrant
d)		Number of investors	5 (five) Five allottees as mentioned in Annexure-8 have exercised and converted the 1,90,000 warrants into 1,90,000 equity shares of the Company which have been allotted on 9thMay 2024.
e)		In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument

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 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

WE'LL MAKE IT

Annexure-8

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	List of Investors
Sr, Name of No. warrant holder			No. of warrant applied for	Amount per warrant (Rs.)	Conversion of Amount Received Warrants into for conversion of Equity Shares warrants into equity (No.) shares (Rs.)
1 Goshar Infra Projects Private Limited					25000 100000 30000		74,25,000 2,97,00,000 89,10,000 59,40,000 44,55,000
2	Technegic. General Trading LLC		100000
3	BRJ Resources Private Limited Abhishek Agarwala	30000 20000
4				297	20000
5	Pradip Ratanchand Surana	50000		297	15000

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RUSH IL 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 GIN: L25209GJ1993PLC019532

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