Rushil Decor Limited — Capital/Financing Update 2025

Nov 21, 2025

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RDL/076/2025-26 Date: 21.11.2025

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: INE573K01025

Dear Sir / Madam,

Subject: Execution of Amendment Agreement-cum-Share Purchase Agreement Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is in furtherance to the intimation done by the Company on November 08, 2025 vide Letter No. RDL/069/2025-26 about Divestment of equity in Rushil Modala Ply Limited [Subsidiary]. This is to inform that the Company has today executed “Amendment Agreementcum-Share Purchase Agreement” with Dr. Modala Nageshwar Rao representing himself and his family members ("Purchaser") and Rushil Modala Ply Limited ("RMPL") for the divestment upto 29% equity stake/ investment held in its subsidiary, Rushil Modala Ply Limited (“RMPL”), in more than one trenches.

The details required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 November 11, 2024, is attached herewith as Annexure – A.

The same will also be available on the website of the Company at www.rushil.com.

This is for your information and record.

Thanking you,

Yours faithfully,

For Rushil Decor Limited

MODI Digitally signed by MODI HASMUKH HASMUKH KANUBHAI Date: 2025.11.21 KANUBHAI 17:12:46 +05'30'

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Hasmukh K. Modi Company Secretary

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Annexure – A

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Sr. Particulars Details
No.
1 The amount and percentage of the turnover Name of the subsidiary: Rushil Modala
or revenue or income and net worth Ply Limited (RMPL)
contributed by such unit or division or
undertaking or subsidiary or associate Amount and Percentage of Turnover
company of the listed entity during the last contributed by RMPL in consolidated
financial year; turnover of the Company in FY 24-25 :
Rs. 664.99 Lakhs. (0.74%)
Net Worth of RMPL as on March 31,
2025 : Rs. 772.98 Lakhs
2 Date on which the agreement for sale has 21.11.2025
been entered into;
3 The expected date of completion of The proposed transaction about transfer of
sale/disposal; shares upto 29% share capital of RMPL is
likely to be completed within 18 months in
more than one tranches.
4 Consideration received from such The final consideration for transfer of
sale/disposal; equity shares of the Subsidiary Company
at the rate of Rs. 10 per share will be
received in more than one tranches.
5 Brief details of buyers and whether any of The buyers of the Shares would be one or
the buyers belong to the promoter/ promoter more persons from the existing Modala
group/group companies. If yes, details
group who are also promoters of the
thereof;
Subsidiary Company or any other persons.
The transferee of the shares shall not be
any promoters or promoter group of the
Rushil Decor Limited.
6 Whether the transaction would fall within To the extent of transfer of equity shares of
related party transactions? If yes, whether RMPL in favour of promoters of RMPL
the same is done at “arm’s length” would be considered as Related Party
Transaction. Yes, it would be at Arm’s
Length Price.
7 Whether the sale, lease or disposal of the Not Applicable
undertaking is outside Scheme of
Arrangement? If yes, details of the same
including compliance with regulation 37A of
LODR Regulations.
8 Additionally, in case of a slump sale, Not Applicable
indicative disclosures provided for
amalgamation/merger, shall be disclosed by
the listed entity with respect to such slump
sale.
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