Rushil Decor Limited — Share Issue/Capital Change 2022

Jun 16, 2022

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RUSHIL DECOR LIMITED

WE'LL MAKE IT

RDL/022/2022-23 Date: 16.06.2022

To, National Stock Exchange of India Ltd. Exchange Plaza, Sandra - Kurla Complex, Sandra (E), Mumbai - 400051 NSE EQUITY SYMBOL: RUSHIL

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 BSE SCRIPT CODE: 533470

ISIN: INE573K01017

Dear Sir/ Madam,

Sub.: Specimen copy of notice sent to members about forfeiture of shares who failed to pay call money

With reference to abo've captioned subject, we wish to inform you that the Company has sent a notice about forfeiture of partly paid up rights equity shares to all shareholders who failed to pay First, Second and Final call money on 1233 Partly Paid-Up Rights Equity shares on or before 11[th ] April, 2022 vide Last reminder cum Forfeiture Notice dated March 07, 2022 as well as Second and Final call money on 949 Partly Paid-Up Rights Equity shares on or before 11 th April, 2022 vide Last reminder cum Forfeiture Notice dated March 07, 2022.

For reference, Specimen copy of notice sent to defaulting members is enclosed herewith.

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

This is for your information and record.

Thanking you,

Yours Faithf 11y , Rushilje Limited, r8 "� - ---- Mo oft

mukh K. Modi

Encl.: Specimen copy of notice sent to Defaulting Members about forfeiture of shares

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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, DIST. GANDHINAGAA-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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RUSHIL DECOR LIMITED

Registered Office: S. No. 125, Near Kalyanpura Patia, Gandhinagar Mansa Road, Tal. Kalol, Village Itla, Gandhinagar – 382 845, Gujarat, India. Telephone: +91 98 2543 8039 Corporate Office (Address where books of account and papers are maintained) : Rushil House, Near Neelkanth Green Bungalow, Off. Sindhu Bhavan Road, Shilaj, Ahmedabad380 058, Gujarat, India, Tel: +91 79 6140 0400 Contact Person: Mr. Hasmukh Kanubhai Modi, Company Secretary and Compliance Officer, E-mail: ipo@rushil.com; Website: www.rushil.com;

Corporate Identification Number: L25209GJ1993PLC019532

NOTICE FOR FORFEITURE OF PARTLY PAID-UP RIGHTS EQUITY SHARES OF FACE VALUE OF ₹ 10/- EACH ON ACCOUNT OF NON-PAYMENT OF CALL MONEY DEMANDED BY THE COMPANY

Date:

Name:

DP ID – Client ID:

NO. OF SHARES HELD:

Dear Sir/ Madam,

REF.: ISSUE OF 49,77,111 PARTLY PAID UP RIGHTS EQUITY SHARES OF FACE VALUE OF ₹10 EACH OF RUSHIL DÉCOR LIMITED (THE“COMPANY”) FOR CASH AT A PRICE OF ₹50 (INCLUDING A PREMIUM OF ₹40) PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) FOR AN AMOUNT AGGREGATING UPTO ₹2,489 LAKHS ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF THE COMPANY IN THE RATIO OF 1 RIGHT EQUITY SHARE FOR EVERY 3 FULLY PAID-UP EQUITY SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON SEPTEMBER 11, 2020 (THE “RIGHTS ISSUE”).

This is to inform you that in terms of the Last Reminder Cum Forfeiture Notice dated March 7, 2022 read with payment period extension letter dated March 26, 2022, the Company had given Last opportunity to the members to pay their respective unpaid call money due on the shares held by the member and informed the members that failure to pay their respective Call Money shall render the partly paid-up equity shares of the Company held by the members including the amount already paid thereon, liable to be forfeited in accordance with the provisions of the Companies Act, 2013 and rules made thereunder, the Articles of Association of the Company and the Letter of Offer.

Number of Shares Forfeited Amount forfeited (in ₹)

In view of the same, the Board of directors of the Company at their meeting held on Monday, 13[th] June, 2022, have decided to forfeit the abovementioned partly paid up equity shares held by you in the Company including amount already paid thereon, on account of non-payment of call money by the last date of payment i.e. April 11, 2022 (extended payment date).

The forfeiture of a share shall involve extinction at the time of forfeiture, of all interest in and all claims and demands against the company, in respect of the forfeited shares and all other rights incidental thereto.

A forfeited share shall be deemed to be the property of the Company and the Company may at any time make a sale, re-allotment or disposal or cancel the forfeiture on such terms as it thinks fit.

All capitalized terms not defined herein would have the same meaning as attributed to it in the Letter of Offer.

Thanking You,

Yours faithfully,

For, Rushil Décor Limited

Hasmukh K. Modi

Company Secretary