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Rushil Decor Limited — Capital/Financing Update 2024
Jul 26, 2024
61709_rns_2024-07-26_0adbd4d5-6432-4e52-8c30-70a91a9b6d71.pdf
Capital/Financing Update
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RDU049/2024-25 Date: 26.07.2024
To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra- Kurla-Complex, Bandra {E), Mumbai - 400 051 NSE EQUITY SYMBOL: RUSHIL
ISIN: INE573K01017
RUSHIL DECOR LIMITED WE'LL MAKE IT
To, BSE Limited Phiroze J�ejeebhoy Towers,,. Dalal Street, Mumbai- 400 001 SCRIP CODE: 533470
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Dear Sir/Madam,
Sub.: Intimation of aUotmentof Equity,Shares upon conversion of Warrants on Preferential basis under the provisions of the Securities and Exchange �oard·of India {Issue of Capital· .: and Disclosure Requi•rements) Regulations, 2018 ("SEBI ICDR Regulations").
This is in furtherance of the intimation No. RDU089/2023-24 giv_en 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) 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) as intimation No. RDU025/2024-25 given by the Company on 24[th ] May, 2024 and also made allotment of 2,50,000 equity shares by conversion of 2,50,000 warrants to 3 allottees (Non-Promoters) from the total 38 allottees as intimation No. RDU029/2024-25 given by the Company on 11[th ] June, 2024.
Out of remaining 75% amount, 4 allottees (Promoter / Promoter group and Non-Promoter) have deposited Rs. 5, 12,32,500/- in aggregate towards their respective subscription and have exercised their right to convert total 2,30,000 warrants into 2,30,000 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 36,25,000 convertible warrants allotted, 4 allottees as per the details given in Annexure-B attached, has now opted to exercise and convert the 2,30,000 warrants which are convertible into 2,30,000 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 26[th ] July, 2024, considered and approved the allotment of 2,30,000 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 2,30,000 convertible warrants (out of the balance 36,25,000 convertible
I I 1 • ■■ ■
OFF SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-3B005B, GUJARAT, INDIA. TA. KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532 REGD OFFICE. S NO 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, RUSHIL DECOR LTD,, RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW
PH· +91·79·61400400 I FAX: +91-79·61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM
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warrants allotted) against receipt of the balance subscription amount (i.e. 75% of the isB�Y�,�E! L the allottees as per detailed in Annexure-B.
WE'LL MAKE IT
With this conversion and allotment, entire 2,30,000 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:
| Particular | Befre Allotment | Befre Allotment | Afer Allotment | Afer Allotment |
|---|---|---|---|---|
| Equity share Capital Issued Capital # |
Number of Shares |
Value (face value of Rs. 10/- each) |
Number of Shares |
Value (face value of Rs. 10/- each) |
| 2, 70,48,864 |
27,04,88,640 2,72,78,864 27,27,88,640 |
|||
| ISubscribed and Paid-up |
2,70,46,682 27,04,66,820 2,72,76,682 27,27,66,820 |
|||
| !apital# |
!Capital#
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 Promoter/Promoter Group and Non - promoter shall be as under:
| Category Promoter/ Promoter Group |
Pre-Allotment 1,49,67,428 |
% of the total Post Allotment paid-up capital |
% of the total paid-up capital |
|
|---|---|---|---|---|
| 55.34 1,50,67,428 |
55.24 | |||
| Non-Promoter 1,20,79,254 |
44.66 1,22,09,254 |
44.76 |
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 MODI KANUBHAI MODI Date: 2024.07.26 17:43:41 +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, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532
P H: +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 MA,l<E IT A nnexure-Pt.
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. |
Pariculars Type of securities proposed to be issued (viz. equity shares, convertibles,etc. |
Details Equity shares pursuant to conversion of warrants |
Details Equity shares pursuant to conversion of warrants |
Details Equity shares pursuant to conversion of warrants |
||
|---|---|---|---|---|---|---|---|
| 1. | |||||||
| 2. 3. |
Type ofissuance(further Preferential allotment, on aprivate placement public ofering, rights issue,basis. depository receipts (ADR/GDR), qualified Institutions placement, preferential allotment etc. ) Totalnumber of securities 2,30,000 equity shares of face value Rs. 10/- proposed to be issued or theeach, pursuant to conversion of 2,30,000 total amount for which the warrants, against receipt of the balance securities will be issued subscription amount of Rs. 297/- per warrant (approximately) (i.e. 75% of the issue price), aggregating to INR 5, 12,32,500/- |
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| 4. a) b) c) d) |
In case of preferentialissue the listedentity additional details to the stock exchange(s): |
shall disclose the following | |||||
| The name of theallotteesisas mentioned in Annexure -B Pursuant to the aforesaid allotment, the issued, subscribedand paid-up share capital of the Company stands increased in the manner as set out in the letter above. Consequently, the Promoter/PromoterGroup andNon- promotershareholding standsat 55.24% and 44.76% respectively. Rs. 297 /- per warrant |
allotteesisas mentioned in | ||||||
| Issue price/ allotted price (in case of convertibles) Number of investors |
|||||||
| 4 (Four) 4alloteesasmentionedinAnnexure-Bhas exercised and converted their 2,30,000 convertible warrants into 2,30,000 equity shares of the Company which have been allotted on 25thJuly 2024 . |
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| e) | Incaseofconvertibles~~-~~ intimation on conversion of securities or on lapse of the tenure of the instrument |
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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: L25209GJ 1993P LC019532
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
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 Circuiar
List of Investors
| List of Investors | List of Investors | List of Investors | |||
|---|---|---|---|---|---|
| Sr, Name of warrant No. holder No. of warrant applied for |
Amount per warrant (Rs.) |
Conversion of Amount Warrants into Received for Equit Shares conversion of (No.) warrants into equity shares (Rs.) |
|||
| 1 2 |
MASUMI KRUPESHBHAI THAKKAR NVS CORPORATE CONSULTANCY SERVICES PVT. LTD. |
1,00,000 1,00,000 |
297 297 |
1,00,000 2,97,00,000 45,000 1,33,65,000 |
|
| 3 4 |
PRADIP RATANCHAND SURANA ANOE PRATHAP REDDY |
50,000 297 50,000 297 |
35,000 50,000 |
1,03,95,000 1,48,50,000 |
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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 GIN: L25209GJ1993PLC019532
PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: [email protected] I WWW.RUSHIL.COM