Rushil Decor Limited — Interim / Quarterly Report 2025

Jan 28, 2025

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RDU117 /2024-25

Date: 28.01.2025

RUSHIL

DECOR LIMITED WE'L L 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,

Ref.: SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024 Sub.: Integrated Filing (Financial for the Third quarer and nine months period ended December 31,2024

Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, read with BSE Circular No. 20250102-4 and NSE Circular No. NSE/CML/2025/02 dated January 2, 2025, we are submitting herewith the Integrated Filing (Financial) for the third quarter and nine months period ended December 31, 2024.

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

Thanking You,

Yours Faithfully

For Rushil Decor Limited

MODI Digitally signed by MODI HASMUKH HASMUKH KANUBHAI Date: 2025.01.28 KANUBHAI 14:49:54 +05'30'

Hasmukh K. Modi Company Secretary

Encl.: a/a

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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 GIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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A. FINANCIAL RESULTS

Pankaj R Shah & Associates Chartered Accountants

CA. DR. Panka[j ] Shah CA. Chintan Shah CA. Nilesh Shah CA. Manali Shah CA. Sandip Gupta B.Com., F.C.A., Ph. D. [Commerce) B.Com., LLB., F.C.A. B.Com., LLB., F.C.A. B.Com., F.C.A. B.Com., F.C.A. 7th Floor, Regency Plaza, Opp. Rahul Tower, Nr. Madhur Hall, Anandnagar Cross Road, Satellite, Ahmedabad-380015. India. Phone: +91 79 - 4603 1545, 4603 1546, 4032 1025. URL: http://www.prsca.in

Independent Auditors Limited Review Report on the Quarterly and Nine Months Unaudited Standalone Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, amended, (the "Listing Regulations").

Review Report to,

The Board of Directors

Rushil Decor Limited

We have reviewed the accompanying statement of unaudited financial results of Rush ii Decor Limited (the "company") for the quarter and nine month ended on 31[st ] December, 2024. (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, (the Regulation) 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 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.

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 othe accounting practices and policies has not disclosed the information required to be disclos

Pankaj R. Shah & Associates Chartered Accountants

Continuation Sheet

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the Regulation, read with the Circular including the manner in which it is to be disclosed, or that it contains any material misstatement.

Date: 28-01-2025 Place: Ahmedabad

For, Pankaj R Shah & Associates

Chartered Accountants

Registration No.107361W \­ 5htA �- r -l·

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CA Nilesh Shah

Partner

Membpship No.107414 urnN: 2s-101'1,� GJY>t.t-r.rH [so,,]

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••• ••• •••

RUSHIL DECOR LIMITED

RUSHIL DECOR LIMITED

WE'LL MAKE IT

Regd. Office: S. No.125 Near Kalyanpura Patia Viii. ltla Gandhinagar Mansa Road Tai. Kaloi Dist. Gandhinagar -382845 Gujarat India ('l: in Million except Earning Per Share data)

Statement of Unaudited Standalone Financial Results for the Quarter and Nine months ended 31st December,2024

Sr No. Particulars	Quarter Ended 31.12.202430.09.2024 (Unaudited) (Unaudited) 31.12.2023 (Unaudited)	Quarter Ended 31.12.202430.09.2024 (Unaudited) (Unaudited) 31.12.2023 (Unaudited)	Quarter Ended 31.12.202430.09.2024 (Unaudited) (Unaudited) 31.12.2023 (Unaudited)	Quarter Ended 31.12.202430.09.2024 (Unaudited) (Unaudited) 31.12.2023 (Unaudited)	Nine Months Ended 31.12.2024 (Unaudited) 31.12.2023 (Unaudited)	Nine Months Ended 31.12.2024 (Unaudited) 31.12.2023 (Unaudited)	Nine Months Ended 31.12.2024 (Unaudited) 31.12.2023 (Unaudited)	Year Ended 31.03.2024 (Audited)
1 2 3 4 5 6 7 8 9 10 11 12 Income a) Revenue from operations 2,103.92 2,286.34 b) Other income 32.38 10.82 Total Income 2,136.30 2,297.16 Expenses a) Cost of materials consumed 1,168.14 1,232.49 b) Purchases of Stock-in-Trade - - c) Changes in inventories of finished goods work (72.18) (51.89) in-progress and Stock-in-Trade d) Employee benefits expense 167.51 170.15 e) Finance costs 74.12 75.01 f) Depreciation and amortization expense 74.91 74.52 g) Other expenses 568.82 640.84 Total expenses 1,981.32 2,141.11 Profit before exceptional items and tax (1-2) 154.98 156.05 Exceptional Items . ~~-~~ Profit before tax (3+4) 154.98 156.05 Tax expense: a) Current tax 26.03 24.19 b) Deferred tax 13.83 15.85 Total 39.86 40.04 Net Profit (+)/Loss(-) for the period (5-6) 115.12 116.01 Other Comprehensive Income net of tax (OCI) a) Items that will not be reclassified to profit or loss (0.44) (0.22) b) Income tax relating to items that will not be 0.11 0.06 reclassified to profit or loss Total (0.33) (0.16) Total Comprehensive Income for the period (7+8) 114.79 115.84 Paid up equity share capital (Face value of� 1/- 275.82 274;92 each) Reserves (excluding Revaluation Reserve) as shown in the Audited Balance Sheet Earnings per share (Face value of� 1/- each) (Not Annualised for quarters) (1) Basic 0.42 0.43 (2)Diluted ,,tH A0.3,$ 0.39 2,131.19 3.56 2,134.75. 973.32 - 130.96 150.23 84.11 73.85 570.15 1,982.62 152.13 ~~-~~ 152.13 19.83 18.70 38.53 113.60 - - ~~-~~ 113.60 265.42 0.43 0.42 6,625.25 76.97 6,702.22 3,659.64 .- (162.77) 498.45 200.33 222.84 1,807.81 6,226.30 475.92 - 475.92 78.39 43.31 121.70 354.22 (0.66) 0.17 (0.49) 353.73 275.82 1.30 1.17	2,103.92 2,286.34 32.38 10.82 2,131.19 3.56				6,625.25 76.97		6,105.44 9.73	8,439.70 28.71
	2,136.30 2,297.16 2,134.75.				6,702.22		6,115.17	8,468.40
					3,659.64 .- (162.77) 498.45 200.33 222.84 1,807.81		3,118.08 - 37.49 418.69 242.76 219.79 1,624.40	4,393.11 - 34.13 582.21 322.47 292.71 2,231.09
	1,981.32 2,141.11 1,982.62				6,226.30		5,661.21	7,855.72
	154.98			156.05 152.13		475.92	453.96	612.69
	.			~~-~~ ~~-~~		-	~~-~~	~~-~~
	154.98			156.05 **152.13 **		475.92	453.96	612.69
	26.03 13.83			24.19 15.85 19.83 18.70		78.39 43.31	60.65 52.26	110.43 71.17
	39.86			40.04 116.01 38.53 113.60		**121.70 **	112.91	181.60
	115.12					354.22	341.05	431.09
	(0.44) 0.11			(0.22) 0.06 - -		(0.66) 0.17	- -	(0.88) 0.22 (0.66)
	(0.33)			(0.16) ~~-~~		(0.49)	~~.~~
	114.79			115.84 113.60		353.73	341.05	430.43
	275.82 0.42 ,,tH A0.3,$			274;92 0.43 0.39 265.42 0.43 0.42		275.82 1.30 1.17	265.42 1.34 1.34	265.42 5,162.38 1.68 1.61
�--•-� -c ") 0 l �CHARTf i, z [ANTS ;( '\ Place: Ahmedabad Date. 28th January, 2025 . G 0 � 4hMrnr<t - ' � ( For Rushil /() Limited ,\ Krupest�. akkar Ch r n J R�SHIL DECOR LTD.,RUSHl��Oue, NEAR NEELIPJ�!Q ��8GALOW,

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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. G/\NDHINAGAR-382845, GUJARAT, !NOIA. 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 LIMI TED

WE'LL MA KE IT

Segmentwlse Reporting for the Quarter and Nine Months endned 31st December 2024 (Standalone)

Sr No Particulars ' 1 Segment Revenue (Gross) a Laminates&allied products b Medium Density Fiber Board C Polyvin::iyl Chloride Board d Unallocated Total Less: Inter segment revenue Gross sales from Operations 2 Segment Results (Profit){+)/ {Loss{-) before Tax and Interest): a Laminates&allied products b Medium Density Fiber Board C Polyvinavl Chloride Board d Unallocated Total Less: I Interest ii Other Unallocable expenditure Add: i Unallocable Income Total Profit Before Tax 3a Segment Assets a) Laminates & allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Unallocated Total Segment Assets 3b Segment Llabilitles a) Laminates&allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Unallocated Total Segment Liabilities Quarter Ended Nine Months Ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 (Unaudited)(Unaudited)(Unaudited)(Unaudited) (Unaudited) 499.21 503.15 494.57 1474.09 1404.66 1556.75 1751.59 1582.25 5017.32 4548.35 78.13 66.58 58.13 216.55 166.26 - - - - - 2,134.09 2,321.32 2,134.94 6,707.96 6,119.26 30.17 34.98 3.76 82.71 13.82 2,103,92 2,286.34 2,131.19 6,625.25 6,105.44 43.00 56.48 42.13 138.85 122.86 188.01 172.86 194.52 536.03 584.19 (1.91) 1.72 {0.40) 1.37 {10.33) - - . - - 229.10 231.06 236.25 676.25 696.72 74.12 75.01 84.11 200.33 242.76 154.98 156.05 152.13 475.92 453.96 2983.62 2541.58 2169.93 2983.62 2169.93 8518.04 8679.33 8380.86 8518.04 8380.86 314.59 343.02 285.08 314.59 285.08 - - - - 11,816.25 11,563.93 10,835.87 11,816.25 10,835.87 697.07 693.28 638.59 697.07 638.59 2261.44 2226.50 1717.99 2261.44 1717.99 80.85 89.97 61.96 80.85 61.96 . - - . - 3,039.36 3.009.75 2,418.54 3,039.36 2,418.54 (" inMillion) Year ended 31.03.2024 (Audited) 1905.85 6333.35 235.69 - 8,474.89 35.19 8,439.70 177.88 771.23 {13.95) . 935.16 322.47 612.69 2143.04 8580.15 271.05 - 10,994.24 619.86 1920.39 48.21 - 2,588.46	Sr No Particulars ' 1 Segment Revenue (Gross) a Laminates&allied products b Medium Density Fiber Board C Polyvin::iyl Chloride Board d Unallocated Total Less: Inter segment revenue Gross sales from Operations 2 Segment Results (Profit){+)/ {Loss{-) before Tax and Interest): a Laminates&allied products b Medium Density Fiber Board C Polyvinavl Chloride Board d Unallocated Total Less: I Interest ii Other Unallocable expenditure Add: i Unallocable Income Total Profit Before Tax 3a Segment Assets a) Laminates & allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Unallocated Total Segment Assets 3b Segment Llabilitles a) Laminates&allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Unallocated Total Segment Liabilities Quarter Ended Nine Months Ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 (Unaudited)(Unaudited)(Unaudited)(Unaudited) (Unaudited) 499.21 503.15 494.57 1474.09 1404.66 1556.75 1751.59 1582.25 5017.32 4548.35 78.13 66.58 58.13 216.55 166.26 - - - - - 2,134.09 2,321.32 2,134.94 6,707.96 6,119.26 30.17 34.98 3.76 82.71 13.82 2,103,92 2,286.34 2,131.19 6,625.25 6,105.44 43.00 56.48 42.13 138.85 122.86 188.01 172.86 194.52 536.03 584.19 (1.91) 1.72 {0.40) 1.37 {10.33) - - . - - 229.10 231.06 236.25 676.25 696.72 74.12 75.01 84.11 200.33 242.76 154.98 156.05 152.13 475.92 453.96 2983.62 2541.58 2169.93 2983.62 2169.93 8518.04 8679.33 8380.86 8518.04 8380.86 314.59 343.02 285.08 314.59 285.08 - - - - 11,816.25 11,563.93 10,835.87 11,816.25 10,835.87 697.07 693.28 638.59 697.07 638.59 2261.44 2226.50 1717.99 2261.44 1717.99 80.85 89.97 61.96 80.85 61.96 . - - . - 3,039.36 3.009.75 2,418.54 3,039.36 2,418.54 (" inMillion) Year ended 31.03.2024 (Audited) 1905.85 6333.35 235.69 - 8,474.89 35.19 8,439.70 177.88 771.23 {13.95) . 935.16 322.47 612.69 2143.04 8580.15 271.05 - 10,994.24 619.86 1920.39 48.21 - 2,588.46	Sr No Particulars ' 1 Segment Revenue (Gross) a Laminates&allied products b Medium Density Fiber Board C Polyvin::iyl Chloride Board d Unallocated Total Less: Inter segment revenue Gross sales from Operations 2 Segment Results (Profit){+)/ {Loss{-) before Tax and Interest): a Laminates&allied products b Medium Density Fiber Board C Polyvinavl Chloride Board d Unallocated Total Less: I Interest ii Other Unallocable expenditure Add: i Unallocable Income Total Profit Before Tax 3a Segment Assets a) Laminates & allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Unallocated Total Segment Assets 3b Segment Llabilitles a) Laminates&allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Unallocated Total Segment Liabilities Quarter Ended Nine Months Ended 31.12.2024 30.09.2024 31.12.2023 31.12.2024 31.12.2023 (Unaudited)(Unaudited)(Unaudited)(Unaudited) (Unaudited) 499.21 503.15 494.57 1474.09 1404.66 1556.75 1751.59 1582.25 5017.32 4548.35 78.13 66.58 58.13 216.55 166.26 - - - - - 2,134.09 2,321.32 2,134.94 6,707.96 6,119.26 30.17 34.98 3.76 82.71 13.82 2,103,92 2,286.34 2,131.19 6,625.25 6,105.44 43.00 56.48 42.13 138.85 122.86 188.01 172.86 194.52 536.03 584.19 (1.91) 1.72 {0.40) 1.37 {10.33) - - . - - 229.10 231.06 236.25 676.25 696.72 74.12 75.01 84.11 200.33 242.76 154.98 156.05 152.13 475.92 453.96 2983.62 2541.58 2169.93 2983.62 2169.93 8518.04 8679.33 8380.86 8518.04 8380.86 314.59 343.02 285.08 314.59 285.08 - - - - 11,816.25 11,563.93 10,835.87 11,816.25 10,835.87 697.07 693.28 638.59 697.07 638.59 2261.44 2226.50 1717.99 2261.44 1717.99 80.85 89.97 61.96 80.85 61.96 . - - . - 3,039.36 3.009.75 2,418.54 3,039.36 2,418.54 (" inMillion) Year ended 31.03.2024 (Audited) 1905.85 6333.35 235.69 - 8,474.89 35.19 8,439.70 177.88 771.23 {13.95) . 935.16 322.47 612.69 2143.04 8580.15 271.05 - 10,994.24 619.86 1920.39 48.21 - 2,588.46
	154.98 156.05 152.13 2983.62 2541.58 2169.93 8518.04 8679.33 8380.86 314.59 343.02 285.08 - - 11,816.25 11,563.93 10,835.87 697.07 693.28 638.59 2261.44 2226.50 1717.99 80.85 89.97 61.96 . - - 3,039.36 3.009.75 2,418.54	475.92 453.96 2983.62 2169.93 8518.04 8380.86 314.59 285.08 - - 11,816.25 10,835.87 697.07 638.59 2261.44 1717.99 80.85 61.96 . - 3,039.36 2,418.54 612.69 2143.04 8580.15 271.05 - 10,994.24 619.86 1920.39 48.21 - 2,588.46

Place: Ahmedabad Date: 28th January, 2025

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I

•••

RUSHI L 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:.L25200GJ1993PLC019532

PH: +91•79-61400400 I FAX: +91·79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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Pankaj R Shah & Associates Chartered Accountants

CA. DR. Pankaj Shah CA. Chintan Shah CA. Nilesh Shah CA. Manali Shah CA. Sandip Gupta B.Com., F.C.A., Ph.D. (Commerce) B.Com., L.L.B., F.C.A. B.Com., LLB., F.C.A. B.Com., F.C.A. B.Com., F.C.A.

7th Floor, Rege ncy Plaza, Opp. Rahul Tower, Nr. Madhur Hall, Anandnagar Cross Road, Satellite, Ahmedabad-380015. India. Phone: +91 79 - 4603 1545, 4603 1546, 4032 1025. URL: http://www.prsca.in

Independent Auditors Limited Review Report on the Quarterly and the Nine months ended Unaudited Consolidated Financial Results of the Company pursuant to the Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, (the "Listing Regulations").

Review Report to,

The Board of Directors

RUSHIL DECOR LIMITED,

We have reviewed the consolidated statement of unaudited consolidated financial results of RUSHIL DECOR LIMITED (the "company") for the quarter and nine months year ended on 31[st ] December, 2024 (the "statement") including its subsidiary's share of net profit/(loss) after tax and total comprehensive income/loss, attached herewith, being submitted by the company pursuant to the requirements of Regulation 33 of the SEBI (Listing obligations & Disclosure Requirements) Regulation,2015, (the Regulation) 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.

The statement includes the results of the following subsidiary; 1.Rushil Modala Ply Limited.

We conducted our review of the statement in accordance with the Stand Review Engagement (SRE) 2410, "Review of Interim Financial information pe

Pankaj R. Shah & Associates Chartered Accountants

Continuation Sheet

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 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.

The accompanying statements includes unaudited interim financial results of 1 subsidiary included in the statement, whose unaudited interim financial results reflect total revenues Rs.132.35 Lakh, total net loss after tax of Rs. 2.34 lakh and total comprehensive income is Rs. (2.34) Lakh for the quarter and Rs (15.15) Lakhs for nine months ended 31[st ] December 2024 respectively, as considered in the respective consolidated unaudited financial results. These unaudited interim financial results of this subsidiary has been reviewed by their auditors and have been approved and furnished to us by the management and our conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on such unaudited interim financial results and information. Our conclusion is not modified in respect of this matter.

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: 28-01-2025 Place: Ahmedabad

For, Pankaj R Shah & Associates Chartered Accountants Registration No.107361W · � ·_$Y'\c,A\r-­ J CA Nilesh Shah Partner Membership No.107 414~ UDIN: 2.S-!o1 ' � f3f1)4 1.:n S::1-\Si

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••• ••• •••

RUSHIL

DECOR LIMITED

RUSHIL DECOR LIMITED

WE'L L MAKE IT

Regd. Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Road, Tai. Kaloi, Dist. Gandhinagar -382845, Gujarat, India ('I! In Million except Earning Per Share data)

Regd.	Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Roa	Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Roa	Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Roa	Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Roa	Office: S. No.125, Near Kalyanpura Patia, Viii. ltla, Gandhinagar Mansa Roa	d, T	ai. Kaloi, Dist. Gandhinagar -382845, Gujarat, India ('I!In Million except Earning Per Share data)	ai. Kaloi, Dist. Gandhinagar -382845, Gujarat, India ('I!In Million except Earning Per Share data)	ai. Kaloi, Dist. Gandhinagar -382845, Gujarat, India ('I!In Million except Earning Per Share data)	ai. Kaloi, Dist. Gandhinagar -382845, Gujarat, India ('I!In Million except Earning Per Share data)
	Statement of Unaudited Consolidated Financial Results for the Quarter					and	Nine months ended 31st December, 2024
				Quarter			Ended	Quarter Ended	Nine Months Ended
	Particulars				31.12.2024			30.09.2024	31.12.2024
-�--'-1 --------------------+--'-;;,c..c----'- -'- --l- ;;,c..c-- -'- --'- ---'- ---I ') (Unaudited) (Unaudited) (Unaudited) Income
	a)Revcnu� from operations						2,116.86	2,304.33		6,672.11
	b) Other income						32.38	10.82		76.97
	Total Income						2,149.24	2,315.15		6,749.08
2	Expenses
	a) Ccst of materials consumed						1,178.88	1245.10		3,691.88
	b) Purchases of Stock-in-Trade						0.64	0.00		4.58
	c) Changes in mventories of finished goods work-in-progr&ss and Stock-in-Trade						(79.14)	(55.46)		(177.95)
	d) Employee benefits expense						169.58	171.59		503.70
	e) Finance costs						75.42	77.63		204.25
	f) Depreciation and amortization expense						75.57	75.53		224.71
	g) Other expenses						573.76	646.71		1,823.33
	Total expenses						1,994.71	2,161.10		6,274.5Q
3	Profit before exceptional items and tax (1-2)						154.53	154.05		474.58
4	Exceptional Items						-	-		-
5	Profit llefore tax (3+4)						154.53	154.05		474.58
6	Tax exp�nse;
	a) Current tax						26.03	24.20		78.56
	b) Deferred tax						13.62	15.96		43.32
	Total						39.65	40.16		121.88
7	Net Profit (+)/Loss(-) for the period (5-6}						114.88	113.89		352.70
	Profit /(1.oss) attributable to Non Controlling Interest						(0.12)	(1.04)		{0.74)
8	other Comprehensive Income, net of tax (OCI)
	a) Items that will not be reclassified to profit or loss						(0.22)	(0.22)		(0.66)
	b) Income tax relQting to items that will not be reclassified to profit or loss						0.06	0.06		0.17
	Total						(0.16)	(0.16)		(0.49)
9	Total Comprehensive Income for the period (7+8)						114.72	113.73		352.21
	Profit /(loss)for the period attributable to :
	(a) Owner of the company						115.00	114.92		353.44
	(b) Non controlling Interests						(0.12)	(1.04)		(0.74)
	Other Comprehe'nsive_lncome attributable to :
	(a) Owner of the company						(0.16)	(0.16)		(0.49)
	(b) Non controlling Interests									-
	Total Comprehensive Income attributable to :
	(a) Owner oi the company						114.84	114.76		352.95
	(b) Non controlling Interests						(0.12)	(1.04)		(0.74)
10	Paid up equity share capital {Face value of� 1/- each)						275.82	274.92		275.82
11	Reserves (excluding Revaluation Reserve) as shown in the Audited B.alance Sheet
12 ;	Earnings per share (Face value of� 1/- each) (Not Annualised for quarters) (1) Basic {2) Diluted hu�..e, Place: Ahmedabad I�C �\ � AC ,ANTS� 1 Date: 28th Januc?ry, 2025 ��E�J"i. 0,,, (>J * •I _4,'fME_p�t>-o/ B_USHII., 'E'e'on'LTD.,			I I � RUSHIL		0.42 0.42 0.38 /\0.38 I(· 'Kr�peih G Th kkar \ For,Rushilpp"o}Limited d�a DIN: 1059 66 HOljSE, NEAR NEELKANTH REEN.BUNGALOW,				1.30 1.17

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OFF. SINDHU BHAVAN ROAD, SHILAJ, AHMEOABAD-380058, GUJARAT, INDIA.

REGO. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR-MANSA ROAD, TA. KALOL, 01ST. GANDHINAGAR-382845, GUJARAT, !NOIA. I CIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91•79•61400401 l'EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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RUSHIL

Segmentwise Reporting for the Quarter and Nine Months endned 31st December 2024 (Consolidated)

OECOR LIMITED WE'LL MAKE IT

(� in Million)

Sr No 1 a b C d e 2 -a b C d e i ii i 3a 3b	Particulars, Segment Revenue (Gross) .Laminates & allied products Medium Density Fiber Board Polyvinayl Chloride Board Plywood Unallocated Total Less: Inter segment revenue Grosssalesfrom Operations · • Segment Results. . ' (Profit)(+)/ (Loss(·) before Tax and Interest): Laminates & allied products Medium Density Fiber Board Polyvinayl Chloride Board Plywood Unallocated Total Less: Interest Other Unallocable expenditure Add: Unallocable Income Total Profit Before Tax Segment Assets a) Laminates & allied products b) Medium Density Fiber Board c) Polyvinayl Chloride Board d) Plywood e) Unallocated Total Segment Assets Segment Liabilities c) Laminates & allied products b) Medium Density Fiber Board c) Polyvinayl·chloride Board d) Plywood e) Unallocated Total Segment Liabilities	Quarter Ended 31.12.2024 30.09.2024 (Unaudited) (Unaudited)_	Quarter Ended 31.12.2024 30.09.2024 (Unaudited) (Unaudited)_	Quarter Ended 31.12.2024 30.09.2024 (Unaudited) (Unaudited)_	Quarter Ended 31.12.2024 30.09.2024 (Unaudited) (Unaudited)_	Nine Months Ended 31-12-2024
					(Unaudited)_	(Unaudited)
				499.21 1556.75 78.13 12.94 .	-.,···so3.15 1751.59 66.58 17.98 ! ' . 2.339.39 34.98	-·. 1,47°4.09 - ·..-. · ·5,017.32 .. , . .,216.55 46.86 .
				2,147.03 30,17		6;754.82 ..82.71
				2,116.86 43.00 188.01 (1.91) 0.85 . 229.95	2,304.33 56.48 172.86 1.72 0.62 . ' 231.68	.....' .. 6,672.11 138.85 536.03 1.37 2.58 .
						678.83
				75.42 . .	77.63 . . 154.05	204.25 . . 474.58
				154.53
				2,942.02 8,518.04 314.59 133.51 -	2,502.47 8,679.33 343.02 126.33 -	. ' 2,942.02 8,518.04 314.59 133.51 .
				11,908.16	11,651.15	11,908.16
				697.07 2,261.44 80.85 53.54 -	693.28 2,226.50 89.97 50.94 -	'• .. · 697.07 2,261.44 80.85 53.54
				3,092.90	3,060.69	3,092.90
	"\/H & - �- J' ?n,·"�...ED � Place: Ahmedabad I z co·i1ANTS �l � V Date: 28th January, 2025 4* � *�Mfo/ � - ' J

RUSHIL DECOR_LTO., RUSHIL HOUSE, NEAR t-!EELKANTH GREEN BUNGALO�. OFF. SINOHU BHAVAN ROAD, SHILAJ, AHMEOABA0-380058, GUJARAT, INDIA.

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REGO. OFFICE: S. NO. 125, NEAR KALYANPURA PATIA, VILLAGE ITLA, GANDHINAGAR·MANSA ROAD, TA. KALOL, 01ST. GANDHINAGAA-382845, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91•79-61400401 I EMAIL: INFO@RUSHIL.Cf)M I WWW.RUSHIL.COM

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RUSHIL DECOR LIMITED WE'LL MAKE IT

Notes to Standalone and Consolidated Financial Results

1. The above unaudited standalone and consolidated financial results for the quarter and nine months ended December ·31, 2024 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings ·held on January 28, 2025. The Statutory auditors of the Company have carried out a limited review of these results.

1. The Company has raised the funds by way of issue of Convertible Warrants on Preferential Basis to the Promoter Gr.oup and Non-Promoters m the board meeting held on 26.10.2023 and the same was approved in the Extraordinary General Meeting held· on 18.11.2023. On 23.12.2023, the company had allotted 41,30,000 Convertible Warrants at an issue price of Rs. 297 /- per warrant to Promoter Group and Non-Promoters as approved by the general body and in terms of the In-Principle approval accorded by the exchanges on 12.12.2023. Further, the equity shares of the Company are sub-divided from 1 share of Rs. 10 each to· 10 shares of Rs. 1 each having record date 09.08.2024. The compan:y received an amount of Rs 22.50 Million during the current quarter. Total amount received Rs 609.30 Million till 31st December 2024. The company may receive the balance funds against such warrants in one or more tranches during the time frame .as mentioned in the SEBI (ICDR) Regulations.

2. The company has received proceeds from preferential allotment till 31 st December 2024· amounting to Rs 609.30 Million. The Utilization of the Net Proceeds towards the Objects of the Preferential issue through Convertible Warrants is summarized below:

	Particulars Decorative laminates including bigger size (Jumbo size) laminates manufacturine: Proiect at Mansa Working Capital Margin Requirement MDF Plant & Machinery as well as Civil Work for existing MDF Manufacturing Plants General Corporate Puroose Total Balance Unutilized as on 31.12.2024	Amount to be funded from the Net Proceeds *IRs. in Million* 900.00 100.00 100.00 126.61 1226.61	Amount incurred till 31.12.2024 (Rs. in Million)· 522.00 0.00 53.70 33.40 609.10 0.20

1. During the quarter, the company has converted 9,00,000 Convertible Warr nts into equal number of equity shares of Rs. 1 each as on 03.10.2024 .

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AUSHIL OECOA_LTO., USHIL HOUSE, NEAR NEELKANTH G EN BUNGALOW, OFF. SINDHU BH . � HMEDABAD-380058, GUJARAT, I IA.

REGO. OFFIC TA. KALOL,

ANPURA PATIA, VILLAGE ITLA, GANDHINAGAR·MANSA ROAD, 5, GUJARAT, INDIA. I GIN: L25209GJ1993PLC019532

PH: +91·79·6

400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM

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RUSHIL DECOR LIMITED WE'LL MA KE IT

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1. Earning Per Share (EPS) is calculated after considering the effect of stock split in the unaudited financial results for quarter and nine months ended December 31, 2024. (i.e. the equity shares of company are sub divided from 1 share-of Rs 10 each to 10 shares of Rs 1 each having record date 09.08.2024.)

2. As per the sanctioned order of incentives under the Andhra Pradesh Industrial Development Policy (IDP) for its manufacturing plant at Atchutapuram - Andhra Pradesh, company has recognized Reimbursement of Power amounting to Rs 44.42 Million as reduction from Power cost under other expenses.

3. Segment Information _as per Ind-AS 108, "Operating Segments" is disclosed in Segment Reporting.

4. During the quarter, the Company invested Rs 2.5 Million in equity shares of Rushil Modala Ply Limited, a subsidiary company. This investment ·comprised 2,50,000 equity shares at Rs 10 /- each, through a rights issue subscription.

5. The Company incorporated a wholly owned subsidiary iri Singapore for the purpose· of business of all kinds of Laminated Sheets, MDF· Board, HDF Board, Plywood and other allied products in the name of "Rushil Decor Pte. · Ltd." during the quarter ended on[31 ] [st ] De_cember, 2024.

6. 1O.Previous period figures have been re-arranged/re-grouped wherever necessary.

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lroir, Rushil Limited
/,\, UI C 1'
, V, (,;f' f
' .=1 I / ll.ltll r AD 1
�
Place: Ahmedabad
Date: 28 [th ] January, 2025
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RUSHIL DECOR LTD., RUSHIL HOUSE, NEAR NEELKANTH GREEN BUNGALOW,

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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@RlJSHIL.CQM I WWW.RUSHIL.COM

••• ••• •••

B. STATEMENT ON DEVIATION OR VARIATION FOR PROCEEDS OF RIGMTS ISSUE, PREFERENTIAL ISSUE, QUAllFl&D INSTITUTIONS PLACEM&NT �"{<toe MAKE n

Statement of DeviationNariation in Utilization of Fund Raised

Name of Listed Entity Mode of Fund Raising	Rushil Decor Limited PreferentialIssue of Convertible Warrants	Rushil Decor Limited PreferentialIssue of Convertible Warrants	Rushil Decor Limited PreferentialIssue of Convertible Warrants	Rushil Decor Limited PreferentialIssue of Convertible Warrants	Rushil Decor Limited PreferentialIssue of Convertible Warrants
Date of Raising Funds	December 23,2023(Dateof warrants)				Allotment of 60.93 Crores
Amount Raised	Size is Rs. 122.66 Crores. But, Company hasreceived upto 31.12.2024.			Rs.
Report filed for the Quarer Ended	December 31, 2024
Monitoring Agency Monitoring Agency Name, if applicable Is there any DeviationNarlation in use of funds raised If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Explanation for the Deviation / Variation	Applicable CARE Ratings Limited No Not Applicable Not Applicable Not Applicable
Comments of the Audit Commitee afer review	No comments
Comments of the auditors, if any	No Comments

Objects for which funds have been raised and where there has been a deviation, in the following table:

Original Object	Modified Object, if any	Original Allocation (Rs. In crores)	Modified Allocation, if any	Funds Utilized (Rs. In crores)	Amount of DeviationNariation for the Quarer according to the applicable object	Remarks, if any
Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at Mansa	N.A. 90.00 N.A. 52.20				N.A.	N.A.
Working Capital Margin ReQuirement	N.A. N.A.	10.00 N.A. 0.00 10.00 N.A. 5.37			N.A. N.A.	N.A. N.A.
MDF Plant& Machinery as well as Civil Work for existinQ MDF

•••

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: INFO@RUSHIL.COM I WWW.RUSHIL.COM

••• ••• •••

IL

Manufacturing Plants General Corporate Pur ose	N.A. 12.66 N.A. 3.34	N.A.

Deviation or Variation could mean:

• a) Deviation in the objects or purposes for which the funds have been raised or

• b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

• c) Change in terms of a contract referred to in the fund raising document i.e. Prospectus, letter of offer, etc.

C. FORMAT FOR DISCLOSING OUTSTANDING DEFAULT ON LOANS AND DEBT SECURITIES: Not Applicable

D. FORMAT FOR DISCLOSURE OF RELATED PARTY TRANSACTIONS (applicable only for half-yearly filings i.e., 2nd and 4th quarter): Not Applicable

E. STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS (FOR AUDIT REPORT WITH MODIFIED OPINION) SUBMITTED ALONG-WITH ANNUAL AUDITED FINANCIAL RESULTS (Standalone and consolidated separately) (applicable only for Annual Filing i.e., 4th quarter): Not Applicable

For Rushil Decor Limited

MODI Digitally signed by MODI HASMUKH HASMUKH KANUBHAI Date: 2025.01.28 KANUBHAI 14:50:44 +05'30' Hasmukh K. Modi Company Secretary

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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 CIN: L25209GJ1993PLC019532

PH: +91-79-61400400 I FAX: +91-79-61400401 I EMAIL: INFO@RUSHIL.COM I WWW.RUSHIL.COM