Rushil Decor Limited — Interim / Quarterly Report 2022

Aug 13, 2021

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDL/028/2021-22 Date: 13.08.2021

To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra - Kurla Complex, Sandra (E), Mumbai - 400 051 NSE EQUITY SYMBOL: RUSHIL

To,

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE SCRIPT CODE: 533470

ISIN: INE573K01017

Dear Sir/ Madam,

Ref: Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sub: Outcome of the Meeting of Board of Directors held on 1 ~~3~~ [th ] day of August, 2021 for Consideration and Approval of Unaudited Financial Results for the First Quarter ended 30.06.2021

In compliance with Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to intimate that in the Board Meeting held on today (i.e. Friday, 13[th ] day of August, 2021), the Board of Directors of the Company (Rushil Decor Limited) has considered and approved the Unaudited Financial Results for the First Quarter ended on 30.06.2021.

The meeting was commenced at 11.15 AM and concluded at 2.50 PM.

In this connection, we are enclosing herewith Unaudited Quarterly Financial Results for the First Quarter Ended on 30.06.2021 along with Limited review Report of the auditor.

Please take the same in your records and do the needful.

Thanking You.

Yours Faithfully,

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For, Rushil DeWr Limited MoJ<t.,�---

Hasmukh K. Modi Company Secretary

Encl.: as above

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RUSHIL DECQR 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

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RUSHIL DECOR LIMITED

WE'L L MAKE IT

RUSHIL DECOR LIMITED

Regd. Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Road, Tai. Kalal, Dist. Gandhinagar -382845, (tin lacs)

Statement of Unaudited Financial Results for the Quarter ended 30th June,2021

Sr No.	Particulars ·:	Quarter Ended	Quarter Ended	Quarter Ended	Year Ended
		30.06.2021 (Unaudited)	31.03.2021 30.06.2020 (Audited) (Unaudited)		31.03.2021 (Audited)
1 2 3 4 5 6 7 8 9 10 11 12	Income a) Revenue from operations b) Other income Total Income Expenses a) Cost of materials consumed b) Purchases of Stock-in-Trade c) Changes in inventories of finished goods work-in-progress and Stock-in-Trade d) Employee benefits expens2 e) Finance costs f) Depreciation and amortization expense g) Other expenses Total expenses Profit before exceptional items and tax {1-2) Exceptional Items Profit before tax {3+4) Tax expense: a) Current tax b) Deferred tax Total Net Profit (+)/Loss(-) for the period (5-6) Other Comprehensive Income, net of tax (OCI) a) Items that will not be reclassified to profit or loss b) Income tax relating to items that will not be reclassified to profit or loss Total Total Comprehensive Income for the period (7+8) Paid up equity share capital (Face value of� 10/- each) Reserves (excluding Revaluation Reserve) as shown in the Audited Balance Sheet Earnings per share (Face value off 10/- each) (Not Annualised) (1) Basic (2) Diluted	9099.06 18.10	9874.80 4906.96 294.02 38.62		33544.38 432.27
		9117.16	10168.82	4945.58	33976.65
		7135.09 63.21 -2858.68 959.23 587.57 589.84 3649.65	5519.54 41.03 -164.14 659.13 339.82 316.60 2731.56	2611.90 1.23 97.57 526.85 326.05 216.71 1534.84	17422.43 174.32 565.94 2682.25 1241.90 973.24 9202;27
		10125.91	9443.54	5315.15	32262.35
		-1008.75	725.28	-369.57	1714.30
		~~-~~	~~-~~ ~~-~~		152.18
		-1008.75	725.28	-369.57	1866.48
		- -250.44		- -7.47	0.95 493.69
				-7.47	494.64
		-758.31	519.05	-362.10	1371.84
		-7.94 2.00	-67.61 17.02	11.95 -3.01	-31.76 7.99
		-5.94	-50.59	8.94	-23.77
		-764.25	468.46	-353.16	1348.07
		1973.47 - -3.81 -3.81	1973.44 - 3.07 3.07	1493.13 - -2.43 , -2A3	1973.44 24441.28 8.11 8.11

imited ,....,[;or, Rushil ] [/{][�][or] �-Co {' ;,.::I<, � < h kkar 1 X-f• I h, [JEO • ] ·"' 8 r\ ['tf][upesh ] I . Ch; ir ar , v/ I �. )>IN:010596 56

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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, 01ST. GANDHINAGAR-382845, GUJARAT, INDIA. I CIN: L25209_GJ1993PLC019532

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

Segmentwise Reporting for the Quarter ended 30th June,2021

		(� in lacs)	(� in lacs)	(� in lacs)	(� in lacs)
Sr No	Particulars ,;	Quarter Ended Yearended
		30.06.2021	31.03.2021	30.06.2020 31.03.2021
		(Unaudited)	(Audited)	(Unaudited) (Audited)
1 a b C d e 2 a b C d e i ii i 3a 3b	Segment Revenue (Gross) Laminates & allied products Particle Board Medium Density Fiber Board Polyvinayl Chloride Board Unallocated Total Less: Inter segment revenue Gross sales from Operations Segment Results (Profit)(+)/ (Loss(-) before Tax and Interest): Laminates & allied products Paricle Board Medium Density Fiber Board Polyvinayl Chloride Board Unallocated Total Less: Interest Other Unallocable expenditure Add: Unallocable Income Total Profit Before Tax Segment Assets a) Laminates & allied products b) Particle Board c) Medium Density Fiber Board d) Polyvinayl Chloride Board e) Unallocated Total Segment Assets Segment Lia!ilities a) Laminates & allied products b) Particle Board c) Medium Density Fiber Board d) Polyvinayl Chloride Board e) Unallocated Total Seqment Liabilities	4183.64 - 4951.79 83.95 -	4891.69 - 4818.99 283.02 -	2814.36 17560.22 - - 2081.00 15592.41 115.78 766.44 - -
		9219.38 120.32	9993.70 118.90	5011.14 33919.07 104.18 374.69 4906.96 33544.38
		9099 06	9874.80
		219.42 - -559.00 -50.98 -	457.29 -2.39 675.17 -19.73 -	270.22 1736.47 - 149.79 -261.35 1478.74 -39.23 -128.65 - -
		-390.56 587.57 30.62 -	1110.34 339.82 45.24 -	-30.36 3236.35 326.05 1241.90 13.16 127.97 - -
		-1008.75	725.28	-369.57 1866.48
		16823.53 256.84 66816.31 2754.05 -	16216.26 256.84 61633.51 2736.19 -	16108.89 16216.26 728.41 256.84 19197.29 61633.51 2526.45 2736.19 40188.76 -
		86650.73	80842.80	78749.80	80842.80
		8166.38 42.86 11678.45 227.74 -	6604.71 43.21 9645.26 268.20 -	7145.57 130.83 4457.88 336.52 4074.78	6604.71 43.21 9645.26 268.20 -
		20115.43	16561.38	1614,.58	16561.38
		Fo _ r, RushilDec '/ �i�iited -� [ /x�' ) _ 1 , • 1~ Krupesh �Ad1,,_t ,., __ c Charha an Kkar DIN:01059666

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RUSHIL DECQR 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, 01ST. 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

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

Notes:

1. The above results have been reviewed by the Audit Committee and have been approved by the Board of Directors of the Company at their respective meetings held on 13[th ] August, 2021.

2. 2 Right Issue: On receipt of right issue call money, 4440144 partly paid up rights equity shares converted into fully paid equity share in the fund raising committee meeting held on 12.03.2021. Further 253760 partly paid up rights equity shares converted into fully paid up equity shares in the fund raising committee meeting held on 01.04.2021. There has been no deviation in the use of proceeds of the Rights lssu2, from the objects stated in the LOF.

3. Other expenses includes total foreign exchange fluctuation loss of� 434.90 lakhs (net) for the quarter ended 30[th ] June, 2021 which include� 470.62 lakhs (net) foreign exchange fluctuation loss of Medium Density Fibre (MDF) boards Plant in Andhra Pradesh.

4. Depreciation and amortization expense of� 589.84 lakhs which include � 371.89 lakhs of Medium Density Fibre (MDF) boards Plant in Andhra Pradesh.

5. Medium Density Fibre (JvIDF) boards segment has been clubbed for Karnataka unit and Andhra Pradesh unit.

6. The figures for the preceding 3 months ended 31[st ] March,2021 are the balancing figures between the audited figures in respect of the full financial Year ended 31[st ] March,2021 and the year-to-date figures up to the third quarter of that financial Year.

7. Previous year's/period's figure have been regrouped/rearranged wherever necessary.

Place: Ahmedabad Date: 13[th ] August, 2021

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For, Rushil De
' ·· - K-rupesh G 1 a kar
Chair an
'---___,/
-- DIN:01059666
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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, 01ST. 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

j �RIKH & MAJMUDAR fl

CHARTERED ACCOUNTANTS CA[. (DR). HITE] N[PARIKH ] MCom .. LLB .. FCA, PH.D. . . BCom., LLB., FO: • • , Obligations and Disclosure Requirements) Regu a •0 · CA. SAN JAY ?t1i1!Mt:,e1'\Bent Auditors Review Report on the Qua er Results of the Company pursuant to the Regulation 1 r ns 2015 as amended

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Review Report to,

The Board of Directors

RUSHIL DECOR LIMITED

We have reviewed the accompanying statement of unaudited financial results of RUSHIL DECOR LIMITED (the "company") for the Quarter ended 30th June, 2021 . (the "statement")attached herewith, being submitted by the company pursuant to -the requirements of Regulation 33 of the SEBI (Listing obligations & Disclosure Requirements) Regulation,2015, as amended (the listing Regulations)

The preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" as prescribed under Section 133 of Companies Act, 2013,as amended read with relevant rules issued there under and other accounting principles generally accepted in India, read with the circular is the responsibility of the Company's Management and approved by the Board of Directors of the Company. Our responsibility is to express a conclusion on the statement based on our review.

We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial information performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to

obtain moderate assurance as to whether the financial statements are free of material · . . .\ .,. ·)J ' - - misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. . �-� . tl 'i 303, "B': .����· �C� Business Center, Opp Memnagar Fire Station, Nr. Vijay Cross Roa � � •"t--z•

Based on our review conducted as above, nothing has come to our attention that causes us to[believe that the accompanying Statement, prepared in ] accordance with the recognition and measurement principles laid down in Indian Accounting Standard (" Ind AS") as specified under Section 133 of Companies Act, 2013 as amended, read with relevant rules issued there under and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular including the manner in which it is to be disclosed, or that it contains any material misstatement

Date: 13.08.2021

Place: Ahmedabad

Fo� Parikh & Majmudar Ch rtered Accountants FR NO 107525W M. 21040230AAAAIG1521 UDlt<J: