Rushil Decor Limited — Share Issue/Capital Change 2025

Jun 24, 2025

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RDL/024/2025-26 Date: 24.06.2025

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: INE573K01025

Dear Sir/Madam,

Sub.: Intimation of allotment of Equity Shares upon 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.

From the record date August 09, 2024, Company’s equity shares split / sub-divided from 1 share of Rs. 10/- each into 10 equity shares of Rs. 1/- each. Accordingly, it would be considered that 10 equity shares of Rs. 1 each would be allotted for every convertible warrant issued to warrant holders at the rate of Rs. 297 per warrant.

Till date before this allotment, the Company had allotted 2,14,00,000 equity shares of Rs. 1 each by conversion of 21,40,000 warrants out of total 41,30,000 convertible warrants allotted by the company.

Out of remaining 75% amount, 14 allottees as per details provided in Annexure - B (covered in Non-Promoter Group) have deposited Rs. 14,70,15,000/- in aggregate towards their respective subscription and have exercised their rights to convert total 6,60,000 warrants into 66,00,000 equity shares of the Company of face value Rs. 1/- each. After this allotment, warrant holders have exercised their full right of conversion on total 28,00,000 warrants. Accordingly, total 2,80,00,000 equity shares of Rs. 1/- each allotted including current allotment.

Pursuant to Regulation 30 read with Schedule III 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 convertible warrants allotted, 14

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allottees as per the details given in Annexure - B attached, has now opted to exercise and convert the 6,60,000 warrants which are convertible into 66,00,000 equity shares of the Company, of face value Rs. 1/- each, in terms of the provisions of Chapter V of the SEBI ICDR Regulations, and the terms of allotment of the warrants. Some warrant holders opted full conversion of their warrants and some of the warrant holders opted partial conversion of their warrants.

In this regard, the Fund raising committee of Board of Directors of the Company has, at its meeting held on 24[th] June, 2025 (today), considered and approved the allotment of 66,00,000 equity shares of the Company of face value of Rs. 1/- each, at a premium of Rs. 28.70 per share, pursuant to the exercise and conversion of 6,60,000 convertible warrants against receipt of the balance subscription amount (i.e. 75% of the issue price) to the allottee as per detailed in Annexure-B .

With this conversion and allotment, entire 6,60,000 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:

Particulars Before Allotment After Allotment	Particulars Before Allotment After Allotment	Particulars Before Allotment After Allotment	Particulars Before Allotment After Allotment	Particulars Before Allotment After Allotment
Equity share Capital Number of Shares of Rs. 1/- each		Value (face value of Rs. 1/- each) Number of Shares of Rs. 1/- each		Value (face value of Rs. 1/- each)
Issued Capital # 28,68,38,640		28,68,38,640	29,34,38,640	29,34,38,640
Subscribed and Paid-up Capital#	28,68,16,820	28,68,16,820	29,34,16,820	29,34,16,820

#The difference of 21820 equity shares between issued, subscribed and paid-up capital is on account of forfeiture of shares.

The pre and post allotment shareholding of the Promoter/Promoter Group and Non - Promoter shall be as under:

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Category Pre-Allotment % of the total Post Allotment % of the total
paid-up capital paid-up
capital
Promoter/Promoter Group 16,16,74,280 56.37 16,16,74,280 55.10
Non-Promoter 12,51,42,540 43.63 13,17,42,540 44.90
TOTAL 28,68,16,820 100.00 29,34,16,820 100.00
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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.

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Pursuant to Regulation 30 and Schedule III of the Listing Regulations, read with the SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 on disclosure of material events/ information by listed entities, dated 11[th] November, 2024 (“ 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

MODI Digitally signed by MODI HASMUKH HASMUKH KANUBHAI KANUBHAI Date: 2025.06.24 16:46:42 +05'30' ____ Hasmukh K. Modi Company Secretary Encl.: a/a

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Annexure – A

Disclosure in respect of the allotment of equity shares pursuant to conversion of warrants, in terms of Regulation 30 and Schedule III of the SEBI Listing Regulations, read with the SEBI Disclosure Circular

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Sr.
Particulars Details
No.
1. Type of securities proposed Equity shares pursuant to conversion of
to be issued (viz. equity warrants
shares, convertibles, etc.
2. Type of issuance (further Preferential allotment, on a private
public offering, rights issue, placement basis.
depository receipts
(ADR/GDR), qualified
Institutions placement,
preferential allotment etc.)
3. Total number of securities 66,00,000 equity shares of face value Re.
proposed to be issued or 1/- each, pursuant to conversion of 6,60,000
the total amount for which warrants, against receipt of the balance
the securities will be issued subscription amount of Rs. 29.7/- per warrant
(approximately) (i.e. 75% of the issue price), aggregating to
Rs. 14,70,15,000/-.
4. In case of preferential issue the listed entity shall disclose the following
additional details to the stock exchange(s):
a) Name of the investor The name of the allottee is as mentioned in
Annexure -B
b) Post allotment of securities - Pursuant to the aforesaid allotment, the
outcome of the subscription issued, subscribed and paid-up share
capital of the Company stands increased in
the manner as set out in the letter above.
Consequently, the Promoter/Promoter
Group and Non-promoter shareholding
stands at 55.10% and 44.90%.
c) Issue price/ allotted price Rs. 297 per warrant
(in case of convertibles)
d) Number of investors 14 (Fourteen)
e) In case of convertibles - 14 allottees as mentioned in Annexure-B have
intimation on conversion of exercised their right and converted their
securities or on lapse of the 6,60,000 convertible warrants into 66,00,000
tenure of the instrument equity shares of Rs. 1 each of the Company
which have been allotted on 24 [th] June, 2025.
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Annexure-B

Disclosure in respect of the allotment of equity shares pursuant to conversion of warrants, in terms of Regulation 30 and Schedule III of the SEBI Listing Regulations, read with the SEBI Disclosure Circular

List of Investor

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Sr. Name of No. of No. of Conversion Balance 75% No. of
No. Warrant holder warrant Warrants of Warrants Amount Equity
applied Converted into Equity Received for Shares
for Earlier Shares (No.) conversion of Allotted
in current warrants into under
allotment equity shares current
(Rs.) allotment
1 NVS Brokerage 1,00,000 45,000 55,000 1,22,51,250 5,50,000
Private Limited
2 NVS Corporate 1,00,000 45,000 55,000 1,22,51,250 5,50,000
Consultancy
Services
Private Limited
3 Amar Alliance 1,00,000 -- 1,00,000 2,22,75,000 10,00,000
Securities
Private Limited
4 Vinod Sethi 1,00,000 -- 1,00,000 2,22,75,000 10,00,000
5 Navin 50,000 -- 50,000 1,11,37,500 5,00,000
Mahavirprasad
Dalmia
6 Aditya 50,000 -- 50,000 1,11,37,500 5,00,000
Aggarwal
7 Ripunjay 50,000 -- 50,000 1,11,37,500 5,00,000
Aggrawal
8 Sharad Goel 50,000 -- 50,000 1,11,37,500 5,00,000
9 Nalin Vrajlal 45000 25,000 20,000 44,55,000 2,00,000
Shah
10 Adiraju 40,000 -- 25,000 55,68,750 2,50,000
Rajendra
Prasad
11 Dayata Sirish 40,000 -- 40,000 89,10,000 4,00,000
12 Nikhil Tyagi 40,000 -- 40,000 89,10,000 4,00,000
13 Lanka V N 25,000 -- 5,000 11,13,750 50,000
Muralidhar
14 Hypotenuse 20,000 -- 20,000 44,55,000 2,00,000
Investment
TOTAL 8,10,000 1,15,000 6,60,000 14,70,15,000 66,00,000
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