Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Rushil Decor Limited Capital/Financing Update 2024

May 24, 2024

61709_rns_2024-05-24_c4868bae-6805-4841-999c-8a147d7ed2a0.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

••• ••• ••• RUSH IL DECOR LIMITED

WE'LL MAKE IT

RDL/024/2024-25 Date: 24.05.2024

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,

- Ref: Regulation 30 read with Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015

Subject: Outcome of Board Meeting

This is to inform that the Board of Directors of the Company has, at its meeting held on Friday, May 24, 2024 (i.e. today), inter-alia, considered and approved the following items:

1) 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").

Allotment of 65,000 Equity Shares of face value of Rs.10/- each to total 2 allottees being Non-promoter on conversion of 65,000 convertible warrants which were allotted on a preferential basis. The list of allottees are attached herewith as Annexure - 1.

2) Sub-division/ split of existing equity shares of face value of Rs. 10/- each, fully paid­ up, by alteration of Capital Clause of the Memorandum of Association of the Company.

Sub-division/ split of each equity share of face value of Rs. 10/- (Rupees ten only) each, fully paid-up into 10 (ten) equity shares of face value of Re. 1 /- (Rupee one only) each, fully paid-up by alteration of Capital Clause of the Memorandum of Association of the Company, subject to the approval of the members of the Company to be sought by means of Postal Ballot. The Record Date for sub-division/ split of existing equity shares will be intimated in due course.

The detailed disclosure for sub-division/ split of existing equity shares of the Company, in terms of Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th ] July 2023, is enclosed as RUSH IL DECOR LTD., RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW, OFF SINDHU BHAVAN ROAD, SHILAJ , AHMEDABAD-380058, GUJARAT, INDIA I REGD. OFFICE S NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, • TA KALOL, DIST. GANDHINAGAR-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532 •■

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

••• ••• •••

RUSHIL DECOR LIMITED

WE'LL MAKE IT

  • 3) Approved the alteration of Capital Clause of the Memorandum of Association of the Company on account of above sub-division/ split of Equity Shares, subject to shareholder's approval. The details of the same are enclosed as Annexure - 3.

The above matter has been duly approved by the Board of Directors at their meeting held today which commenced at 11: 15 AM and concluded at 03: 10 PM.

The same will be made available on the Company's website at www.rushil.com

Please take the same into your record and do the needful.

Thanking you,

Y 01MS-fai-t-J-t-f1:;1lly,

For Rushil Decor Limited HASMUKH Digitally signed by HASMUKH KANUBHA KANUBHAI MODI Date: 2024.05.24 I MODI 15:13:49 +05'30'

Hasmukh K. Modi Company Secretary

Encl.: a/a

•••

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 KALYANP URA 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

••• ••• •••

RUSH IL DECOR LIMITED

WE'LL MAKE IT Annexure-1

List of Allottees for 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").

Sr,
No.		 Sr,
No.		 Name
of
warrant
holder		 No.
of
warrant
applied
for		 Amount
per
warrant
(Rs.)		 Amount
Received
for
conversion
of
warrants into equity
shares (Rs.)
89, 10,000
1
2
Sangeeta
Venkatraman

Gaurav Verma		 30,000
35,000		 297
297 35;000 1,03,95,000

•••

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: [email protected] I WWW.RUSHIL.COM

••• ••• •••

RUSH IL

DECOR LIMITED

WE'LL MAKE IT Annexure-2

Disclosure under Regulation 30 of the SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr.
Particular
Description
No.
1
split/seRselieatieR ratio
1 :10 i.e., existing 1 (one) equity share having face value of
Rs. 10/- (Rupees ten only) each, into 10 (ten) equity shares
having face value of Re. 1/- (Rupee one only) each, fully paid-
up
2
Rationale
behind
the With a view to enhance the liquidity of Company's equity
Split/ CeRselieaten
shares and to encourage participation of retail investors by
making equity shares of the Company more affordable.
�3
Pre
and-
post - share-
capital-
authorized,
Particulars
Pre Sub-division
Post Sub-division
paid-up and subscribed
No.
of Face
No.
of Face
shares
Value
shares
Value
(Rs.)
(Rs.)
Authorised Share Capital
Equity Shares
40000000
10
400000000I1
Issued Share Capital
Equity Shares
26798864
10
267988640~~I~~ 1
Subscribed and Paid-up Share Capital
Equity Shares
26796682
10
267966820~~I~~1
4
Expected
time
of About 2 to 3 months from the date of approval of the
comoletion
shareholders of the Company
5
Class of shares which Equity shares
are
69RSelieatee
or
subdivided
6
number
of
shares
of Same as in clause 3_above._
each class pre and post Company has issued only one class of Equity Shares
solit eF senselieatien;		 Sr.
Particular
Description
No.
1
split/seRselieatieR ratio
1 :10 i.e., existing 1 (one) equity share having face value of
Rs. 10/- (Rupees ten only) each, into 10 (ten) equity shares
having face value of Re. 1/- (Rupee one only) each, fully paid-
up
2
Rationale
behind
the With a view to enhance the liquidity of Company's equity
Split/ CeRselieaten
shares and to encourage participation of retail investors by
making equity shares of the Company more affordable.
�3
Pre
and-
post - share-
capital-
authorized,
Particulars
Pre Sub-division
Post Sub-division
paid-up and subscribed
No.
of Face
No.
of Face
shares
Value
shares
Value
(Rs.)
(Rs.)
Authorised Share Capital
Equity Shares
40000000
10
400000000I1
Issued Share Capital
Equity Shares
26798864
10
267988640~~I~~ 1
Subscribed and Paid-up Share Capital
Equity Shares
26796682
10
267966820~~I~~1
4
Expected
time
of About 2 to 3 months from the date of approval of the
comoletion
shareholders of the Company
5
Class of shares which Equity shares
are
69RSelieatee
or
subdivided
6
number
of
shares
of Same as in clause 3_above._
each class pre and post Company has issued only one class of Equity Shares
solit eF senselieatien;
�3
Pre
and-
post - share-
capital-
authorized,
paid-up and subscribed
4
Expected
time
of
comoletion
5
Class of shares which
are
69RSelieatee
or
subdivided
the
6 number
of
shares
of
each class pre and post
solit eF senselieatien;
7 number of shareholders Not Applicable.
who did not get any
shares in consolidation
and
their
pre-
consolidation
shareholding

•••

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 GIN: L25209GJ1993PLC019532

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

••• ••• •••

RUSH IL DECOR LIMITED

WE'LL MAKE [T Annexure-3

Details of the amendments to Memorandum of Association of the Company

The Board of Directors of the Company in its meeting held on Friday, May 24, 2024 (i.e. today), subject to approval of the members of the company, approved the alteration and substitution of. the existing clause V of the Memorandum of Association of the Company with the following new Clause V below:

V. The Authorized Share Capital of the company is Rs. 40,00,00,000/- (Rupees Forty Crores Only) divided into 40,00,00,000 ( Forty Crores) equity shares of Re. 1 (Rupee One) each .

•••

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: [email protected] I WWW.RUSHIL.GOM

More from Rushil Decor Limited

Earnings Release 2026
May 30
Report Publication Announcement 2026
May 30
Earnings Release 2026
May 29
Investor Presentation 2026
May 29
Earnings Release 2026
May 29
Investor Presentation 2026
May 29
Regulatory Filings 2026
May 29
Regulatory Filings 2026
May 29
Interim / Quarterly Report 2026
May 29
Interim / Quarterly Report 2026
May 29
View all filings →