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Rushil Decor Limited — Proxy Solicitation & Information Statement 2023
Nov 8, 2023
61709_rns_2023-11-08_bcb9ba32-ac6b-4e3f-b6d1-f9080ba3468c.pdf
Proxy Solicitation & Information Statement
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RUSHIL DECOR LIMITED WE'LL MAKE IT
RDU0S0/2023-24 Date: 08.11.2023
To, National Stock Exchange of India Ltd. Exchange Plaza, Bandra -Kurla Complex, Bandra (E), Mumbai -400051 NSE EQUITY SYMBOL: RUSHIL
To,
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 BSE SCRIP CODE: 533470
ISIN: INE573K01017
Dear Sir/Madam,
Sub: Newspaper Publication of Corrigendum of Notice of Extra-Ordinar General Meeting
In furtherance to our earlier intimation Letter No. RDL/078/2023-24 dated November 07, 2023, we wish to inform you that the Company has completed dispatch of Corrigendum of Notice of Extra-Ordinary General Meeting on November 07, 2023 by electronic mail only. In terms of provisions of Regulation 30 and 47 read with Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of newspaper advertisements published in the newspapers of English Edition and Gujarati Edition today, i.e., November 08, 2023.
The advertisement is also available on the website of the Company at www.rushil.com
It is requested to take the same on your record.
Thanking you,
Yours faithfully, For, Rushil Decor Limited
HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI Date: 2023.11.08 MODI 12:28:30 +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
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Wednesday, November 08, 2023
Exxon, Apple and other corporate giants will have to disclose all their emissions under California’s new climate laws
Many of the world’s largest increase companies’ costs. But Many of these large poised to have substantial their emissions before will now market leverage to establish California also has a history broader emissions reporting public and private companies more than a dozen major corporations have been influence worldwide. be subject to disclosure climate disclosures as of being a test bed for future requirements. But California’s will soon be required to track corporations endorsed the preparing for mandatory Subsidiaries of companies requirements. California is in standard practice in the U.S. federal U.S. policies. The U.S. new rules go further than and report almost all of their rule, including Microsoft, disclosure rules for several that didn’t have to report effect exercising its immense and beyond. government is considering either the U.S. Securities and greenhouse gas emissions if Apple, Salesforce and years. they do business in California– including emissions from Patagonia.The second law, the companies listed in the S&PClose to two-thirds of the their supply chains, business Climate-Related Financial Risk 500 index voluntarily report to travel, employees’ commutes Act, requires companies CDP, formerly called the and the way customers use generating $500 million or Carbon Disclosure Project. their products. more to report their financial CDP is a nonprofit that surveys That means oil and gas risks related to climate change companies on behalf of companies like Chevron will and their plans for risk institutional investors about likely have to account for mitigation. their carbon management and emissions from vehicles that As a professor of plans to reduce carbon use their gasoline, and Apple economics and public policy, I emissions. will have to account for study corporate environmental Many of them also face materials that go into iPhones. behavior and public policy, reporting requirements It’s a huge leap from including whether disclosure elsewhere, including in the current federal and state laws like these work to reduce European Union, the United reporting requirements, which emissions. I believe Kingdom, New Zealand, require reporting of only California’s new rules Singapore and cities like Hong certain emissions from represent a significant step Kong. companies’ direct operations. toward mainstreaming Moreover, some of the And it will have global corporate climate disclosures same U.S. companies, notably ramifications. and potentially meaningful banks and asset managers California Gov. Gavin corporate climate actions. that operate or sell products Newsom signed two new rules Many big corporations are in Europe, have already into law on Oct. 7, 2023. Under already reporting started to comply with the the new Climate Corporate Most of the companies EU’s Sustainable Finance Data Accountability Act, U.S.covered by California’s climate Disclosure Regulation. Those companies with annual disclosure rules are regulations require companies revenues of US$1 billion or multinational corporations. to report how sustainability more will have to report both They include technology risks are integrated into their direct and indirect companies such as Apple, investment decision-making. greenhouse gas emissions Google and Microsoft; giant While California isn’t the starting in 2026 and 2027. The retailers like Walmart and first place to mandate climate California Chamber of Costco; and oil and gas disclosures, it is the fifthCommerce opposed the companies such as largest economy in the world. regulation, arguing it would ExxonMobil and Chevron. So, the state’s new laws are
Targeted methane mitigation can avoid 0.1°C warming in 2050, should be adopted with decarbonisation efforts
Dedicated actions to paper launched at the MENA methane mitigation is, thus, reduce methane emissions Climate Week 2023 being imperative, the authors from fossil fuel production held in Riyadh, Saudi Arabia. stressed. and use will be essential to Methane is a powerful And these solutions are limit global warming to 1.5 greenhouse gas and is also estimated to be costdegree Celsius over preestimated to have been effective, they added. “The industrial temperature levels, responsible for 30 per cent of fossil fuel sector likely holds according to a new report. the global warming since the the largest potential for rapid Such solutions would Industrial Revolution, and low-cost reductions in avoid roughly 0.1°C warming according to the report. methane emissions. We in 2050, noted the report Although it remains in the estimate that more than 80 released jointly by the atmosphere for a shorter Mt of annual methane International Energy Agency, time than carbon dioxide, it emissions from fossil fuels the United Nations is a significantly more potent. can be avoided by 2030 using Environment Programme Around 580 million tonnes existing technologies, often (UNEP) and the UNEP(Mt) of methane is emitted at low – or even negative – convened Climate and Clean every year globally, 60 per cost.” Air Coalition. cent of which comes from Around $75 billion is The organisations called human activities, according required by 2030 for all for rapid cuts in methane to the latest assessment methane abatement emissions from fossil fuels as cited in the report. In 2022, measures in the oil and gas it will prevent global warming fossil fuel operations alone sector in the Net Zero to an extent “greater than the were responsible for around scenario, according to the emissions impact of 120 Mt of methane findings. “This is equivalent immediately taking all cars emissions, the authors to less than 2 per cent of the and trucks in the world off the highlighted. income generated by the oil road”. “Under current and gas industry in 2022,” These methane trajectories, total the experts wrote. abatement measures should anthropogenic methane Controlling methane be above and beyond the emissions could rise by up to emissions will also provide decarbonisation efforts for 13 per cent between 2020 health benefits and enhance the energy sector, urged the and 2030,” they added. food security, they authors of the report. But simply limiting the use highlighted. Methane is the “Without targeted action on of fossil fuels, even in the primary reason for groundmethane, even with deep scenario where Net Zero level ozone pollution and reductions in fossil fuel use, Emissions are achieved by mitigation efforts will help the increase in the global 2050, will not be enough to prevent “nearly one million average surface temperature reduce methane emissions premature deaths through will likely exceed 1.6°C by by the quantum needed to 2050, which is equivalent to 2050,” they noted in the meet climate goals. Targeted the current population of
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WEDNESDAY • 8-11-2023 09
JAI HIND-AHMEDABAD
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