Rushil Decor Limited — Share Issue/Capital Change 2024

Jul 31, 2024

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RUSHIL DECOR LIMITED WE'LL MAKE IT

RDL/052/2024-25 Date: 31.07.2024

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 SCRIP CODE: 533470

ISIN: INE573K01017

Dear Sir/Madam,

Sub.: Intimation of allotment of Equity Shares l,lpon 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.

Till date, the Company has allotted 7,35,000 equity shares by conversion of 7,35,000 warrants to 14 allottees (Promoter/Promoter Group and Non-Promoters) out of total 41,30,000 convertible warrants allotted by the company on 23.12.2023.

Out of remaining 75% amount, 2 allotteeis (Non-Promoter) have deposited Rs. 1,67,06,250/- in aggregate towards their respective subscription and have exercised their right to convert total 75,000 warrants into 75,000 equity shares of the Company of face value Rs. 10/- each (the same will be changed to 7,50,000 Equity Shares of face value of Rs. 1 each post effect of split of shares).

Pursuant to Regulation 30 read with Sc.1-tedule 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 33,95,000 convertible warrants allotted, 2 allottees as per the details given in Ant1�xure-B attached, has now opted to exercise and convert the 75,000 warrants which are convertible into 75,000 equity shares of the Company, of face value Rs. 10/- each (7,50,000 Equity Shares of face value of Rs. 1 each post effect of split of shares), 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 31[st ] July, 2024, considered and approved the allotment of 75,000 equity shares of the Company of face value of Rs. 10/- each, at a premium of Rs. 287/- per share (7,50,000 Equity Shares of face value of Rs. 1/- each at a premium of Rs. 28.7/- each post effect of split of shares), pursuant to the exercise and conversion of 75,000 convertible warrants (out of the balance 33,95,000 convertible warrants allotted) against receipt of the balance subscription amount (i.e. 75% of the issue price) to the allottees as per detailed in Annexure-B.

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

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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

With this conversion and allotment, entire 75,000 convertible warrants issued to the allottees 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:

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:	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:	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:	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:	in the issued, subscribed and paid- up	in the issued, subscribed and paid- up	in the issued, subscribed and paid- up
Particular Before Allotment Afer Allotment Equ•ty share Capital Number of Value Number of Value Shares of Rs. (face value of Rs: Shares of Rs. (face value of Rs. 10 each 10/- each)·· 10 each 10/- each) Issued Capital # 2, 72, 78,864 27,27,88,640 2,73,53,864 27,35,38,640				Afer Allotment
Issued Capital #			27,27,88,640
!ubscribed and Paid-up2, 72, 76,682 �apital#			27,27,66,820		2,73,51,682	27,35,16,820

The difference of 2182 equity shares between issued, subscribed and paid-up capital is on account of forfeiture of shares.

Note: In this table, the numbers of shares and the face value is mentioned before giving effect of split of share from Rs. 10/- per share to 10 shares of Rs.1/- each.

• -The pre and post allotment shareholding of the Non - promoter shall be as under:

Catego Non-Prom	r oter	Pre-Allotment 1,22,09,254		% of the total paid-up capital	Post	Allotment 2,84,254	% of the ttal paid-up capial 44.91
				44.76	1,2

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/CFD-PoD-1/P/CIR/2023/123 on disclosure of material events/ information by listed entities, dated 13[th ] July, 2023 ("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 HASMUKH Digitally signed by HASMUKH KANUBHAI KANUBHAI MODI MODI Date: 2024.07.31 15:02:04 +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.

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REGD. OFFICE: S. NO. 125, NEAR KALYANP URA PATIA, VILLAGE ITLA, GANDHINAGAR-MAN SA 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

W E'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. No.		Particular Type of securities proposed to be issued (viz. equity shares, convertibles,etc.		Details Equity shares pursuant to conversion of warrants
~~1~~.
2.		Typeofissuance(further Preferential allotment, on aprivateplacement public offering, rightsissue, basis. depository receipts ' (ADR/GDR), qualified ' Institutions placement, preferential allotment etc.) Total number of securities 75,000 equity. shares of face value Rs.10/- proposed to be issued or theeach, pursuant to conversion of 75,000 total amount for which thewarrants, against receipt of the balance securities will be issuedsubscriptionamount of Rs. 297/- per" warrant (approximately) (i.e. 75% of the issue price), aggregating to INR 1,67,06,250/- (post effect of split of shares, it will be 7,50,000 Equity Shares of face value of Rs. 1/- each at a premium of Rs. 28.7/- each), Incaseof preferentialissue the listed entity shall disclose the follm,ing additional details to the stock exchange(s): Name of the investor Thenameof the allotteesisas mentioned in Annexure -B Post allotment of securities - Pursuant to the aforesaid allotment, the issued, outcome of the subscription subscri.bedand paid-upsharecapita� of the Company stands increased in the manner as set out in the letter above. Consequently, theNon- promoter shareholdjng stands at 44.91 %. - Issue price/ allotted price (inRs. 297/- per warrant case of convertibles) Number of investors 2 (Two) Incaseofconvertibles~~-~~ 2 allottees asmentionedinAnnexure-Bhas intimation on conversion ofexercised their right and converted their 75,000 securities or on lapse of theconvertible warrants into 75,000 equity shares of tenure of the instrument the Company which have been allotted on31st July, 2024 .
3.
4. a)
b)
c)
d)		Number of investors
e)		Incaseofconvertibles~~-~~ intimation on conversion of securities or on lapse of the tenure of the instrument

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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. 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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WE'LL MAKE IT

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 Investors

List of Investors	List of Investors
Sr. Name of No. Warrant holder		No. of warrant applied for
1	NVS BROKERAGE PVT LTD	1,00,000 297 30,000- 297	45,000 30,000
-2 DILIP -- KESHRIMAL SAN KLECHA

Note: In this table the number of warrants, amount per warrant as well as allotment of Equity shares on conversion of warrants are mentioned before giving effect of split of share from Rs. 10/- per share to 10 shares of Rs.1/- each .

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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_ 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