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 2025

Mar 17, 2025

61709_rns_2025-03-17_8f414870-98ab-424a-b4b3-9d97b907aebd.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

•• ■ ■

RUSHIL 0ECOR LIMITE0

RDL/127/2024-25 Date: 17.03.2025

WE LL MAKE IT

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 SCRIPT CODE: 533470

ISIN: INE573K01025

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 (Issue 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.

From the record date August 09, 2024, Company's equity shares split / sub-divided from 1 share of Rs. 10/- each into 10 equity shares of Rs. 1/- each. Accordingly, the convertible warrants allotted on 23[rd ] December, 2023 would be considered as 4, 13,00,000 after the split of shares.

Till date, the Company has allotted 1,04,00,000 equity shares of Rs. 1 each by conversion of 1,04,00,000 warrants out of total 4, 13,00,000 convertible warrants allotted by the company.

Out of remaining 75% amount, 1 allottee Mr. Rushil Krupesh Thakkar (covered in Promoter Group) has deposited Rs. 24,50,25,000/- in aggregate towards their respective subscription and has exercised their right to convert total 1, 10,00,000 warrants into 1, 10,00,000 equity shares of the Company of face value Rs. 1/- each. After this allotment, total 18 warrant holders have exercised their full right of conversion and 3 warrant holders have exercised partial right of conversion. Accordingly, total 2, 14,00,000 equity shares of Rs. 1/- each allotted including current allotment.

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 convertible warrants allotted, 1 allottee as per the details given in Annexure-B attached, has now opted to exercise and convert the 1, 10,00,000 warrants which are convertible into 1, 10,00,000 equity shares of the Company, of face value Rs. 1 /- 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 17[th ] March, 2025 (today), considered and approved the allotment of 1, 10,00,000 equity shares of the Company of face value of Rs. 1/- each, at a premium of Rs. 28.70 per share, pursuant to the exercise and conversion of 1, 10,00,000 convertible warrants against receipt of the balance subscription amount (i.e. 75% of the issue price) to the allottee as per detailed in Annexure-8.

RUSHIL DECOR LTD., RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW, OFF. SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAO-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: L25209GJ1993P LC019532

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

•• • •

RUSHIL DECOR LIMITED

WE'L L MAKE IT

With this conversion and allotment, entire 1.10,00,000 convertible warrants issued to the allottee as mentioned in Annexure-B, 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:

Pariculars Befre Allotment Befre Allotment Afer Allotment
Equity share Capital Number of
Shares of
Rs. 1/- each		 Value
(face value of
Rs. 1/- each)		 Number of
Value
Shares of
(face value of
Rs.1/- each
Rs. 1/- each)
**Issued Capital# ** 27,58,38,640 27,58,38,640 28,68,38,640
28,68,38,640
Subscribed and Paid-up Capital# 27,58,16,820 27,58,16,820 28,68, 16,820
28,68, 16,820

#The difference of 21820 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
Pre-Allotment		 Category
Pre-Allotment		 % of the total
Post Allotment
paid-up capital		 % of the total
paid-up capital
Promoter/Promoter Group
Non-Promoter		 15,06, 74,280
12,51,42,540		 54.63
16,16,74,280
45.37
12,51,42,540		 56.37
43.63

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/PoD2/CIR/P/0155 on disclosure of material events/ information by listed entities, dated 11 [th ] November, 2024 ("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

MODI Digitally signed by MODI HASMUKH HASMUKH KANUBHAI Date: 2025.03.17 KANUBHAI 13:36:00 +05'30'

Hasmukh K. Modi Company Secretary

Encl.: a/a

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 CIN: 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

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.
Pariculars
Details
No.
1.
Type of securities proposed to
Equity shares pursuant to conversion of warrants
be issued (viz. equity shares,
convertibles, etc.
2.
Type
of
issuance
(furtherPreferentialallotment,
on a privateplacement
public ofering, rights issue,
basis.
depository
receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
3.
Total number of securities
1, 10,00,000 equity shares of face value Re. 1/-
proposed to be issued or the
each,pursuanttoconversionof
1, 10,00,000
total amount for which the
warrants,
against
receipt
of
the
balance
securities
will
be
issued
subscription amount of Rs.29.7/-
per warrant
(approximately)
(i.e. 75% of the issue price), aggregating to Rs.
24,50,25,000/-.		 Sr.
Pariculars
Details
No.
1.
Type of securities proposed to
Equity shares pursuant to conversion of warrants
be issued (viz. equity shares,
convertibles, etc.
2.
Type
of
issuance
(furtherPreferentialallotment,
on a privateplacement
public ofering, rights issue,
basis.
depository
receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
3.
Total number of securities
1, 10,00,000 equity shares of face value Re. 1/-
proposed to be issued or the
each,pursuanttoconversionof
1, 10,00,000
total amount for which the
warrants,
against
receipt
of
the
balance
securities
will
be
issued
subscription amount of Rs.29.7/-
per warrant
(approximately)
(i.e. 75% of the issue price), aggregating to Rs.
24,50,25,000/-.		 Sr.
Pariculars
Details
No.
1.
Type of securities proposed to
Equity shares pursuant to conversion of warrants
be issued (viz. equity shares,
convertibles, etc.
2.
Type
of
issuance
(furtherPreferentialallotment,
on a privateplacement
public ofering, rights issue,
basis.
depository
receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
3.
Total number of securities
1, 10,00,000 equity shares of face value Re. 1/-
proposed to be issued or the
each,pursuanttoconversionof
1, 10,00,000
total amount for which the
warrants,
against
receipt
of
the
balance
securities
will
be
issued
subscription amount of Rs.29.7/-
per warrant
(approximately)
(i.e. 75% of the issue price), aggregating to Rs.
24,50,25,000/-.		 Sr.
Pariculars
Details
No.
1.
Type of securities proposed to
Equity shares pursuant to conversion of warrants
be issued (viz. equity shares,
convertibles, etc.
2.
Type
of
issuance
(furtherPreferentialallotment,
on a privateplacement
public ofering, rights issue,
basis.
depository
receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
3.
Total number of securities
1, 10,00,000 equity shares of face value Re. 1/-
proposed to be issued or the
each,pursuanttoconversionof
1, 10,00,000
total amount for which the
warrants,
against
receipt
of
the
balance
securities
will
be
issued
subscription amount of Rs.29.7/-
per warrant
(approximately)
(i.e. 75% of the issue price), aggregating to Rs.
24,50,25,000/-.		 Sr.
Pariculars
Details
No.
1.
Type of securities proposed to
Equity shares pursuant to conversion of warrants
be issued (viz. equity shares,
convertibles, etc.
2.
Type
of
issuance
(furtherPreferentialallotment,
on a privateplacement
public ofering, rights issue,
basis.
depository
receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
3.
Total number of securities
1, 10,00,000 equity shares of face value Re. 1/-
proposed to be issued or the
each,pursuanttoconversionof
1, 10,00,000
total amount for which the
warrants,
against
receipt
of
the
balance
securities
will
be
issued
subscription amount of Rs.29.7/-
per warrant
(approximately)
(i.e. 75% of the issue price), aggregating to Rs.
24,50,25,000/-.		 Sr.
Pariculars
Details
No.
1.
Type of securities proposed to
Equity shares pursuant to conversion of warrants
be issued (viz. equity shares,
convertibles, etc.
2.
Type
of
issuance
(furtherPreferentialallotment,
on a privateplacement
public ofering, rights issue,
basis.
depository
receipts
(ADR/GDR), qualified
Institutions
placement,
preferential allotment etc.)
3.
Total number of securities
1, 10,00,000 equity shares of face value Re. 1/-
proposed to be issued or the
each,pursuanttoconversionof
1, 10,00,000
total amount for which the
warrants,
against
receipt
of
the
balance
securities
will
be
issued
subscription amount of Rs.29.7/-
per warrant
(approximately)
(i.e. 75% of the issue price), aggregating to Rs.
24,50,25,000/-.
4.
In case of preferential issue the listed entity shall disclose the following additional
details to the stock exchange(s):
a)
Name of the investor
The name of the allotteeisas mentioned in
Annexure-B
b)
Post allotment of securities
Pursuant to the aforesaid allotment, the issued,
outcome of the subscription
subscribed and paid-up share capital of the
Company stands increased in the manner as set out
in the letter above.
Consequently, the Promoter/Promoter Group		 and
c) Issue price/ allotted price
(in case of convertibles)
and
d) Number of investors 1 (One)
e)

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: L25209GJ1993P LC019532

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

•• • •

RUSHIL DECOR LIMITED

WE'LL MAKE lT

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 Circular

List of Investor

List of Investor
Sr.
Name of Warrant
No.
holder		 No. of
Amount per
warrant
warrant
applied for
(Rs.)		 Conversion of
Warrants into
Equity Shares
{No.)		 Amount Received
for conversion of
warrants into equity
shares (Rs.)
1
Rushil
Krupesh
Thakkar		 1,10,00,000
29.7
1,10,00,000
32,67,00,000

RUSHIL DECOR LTD., RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW, OFF. SINDHU BHAVAN ROAD, SHILAJ, AHMEDABAD-380058, GUJARAT, INDIA.

==> picture [188 x 54] intentionally omitted <==

----- Start of picture text -----

•••
----- End of picture text -----

REGO. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, TA. KALOL, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209GJ1993P LC019532

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

More from Rushil Decor Limited

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
Regulatory Filings 2026
May 29
Interim / Quarterly Report 2026
May 29
View all filings →