Integrated Filing — IndAS



General information about company
Scrip Code 533470
NSE Symbol RUSHIL
MSEI Symbol NOTLISTED
ISIN INE573K01025
Name of company RUSHIL DECOR LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 11-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 31-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 11-Aug-2025   11:15:00
End date and time of board meeting 11-Aug-2025   13:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? Yes



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1772870000
Other income 4390000
Total income 1777260000
2 Expenses
(a) Cost of materials consumed 959410000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 77150000
(d) Employee benefit expense 163420000
(e) Finance costs 83040000
(f) Depreciation, depletion and amortisation expense 82740000
(f) Other Expenses
1 Other Expenses 592880000 592880000
Total other expenses 592880000
Total expenses 1958640000
3 Total profit before exceptional items and tax -181380000
4 Exceptional items 0
5 Total profit before tax -181380000
6 Tax expense
7 Current tax 0
8 Deferred tax -44550000
9 Total tax expenses -44550000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations -136830000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period -136830000
17 Other comprehensive income net of taxes 150000
18 Total Comprehensive Income for the period -136680000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 293420000
Face value of equity share capital 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.48
Diluted earnings (loss) per share from continuing operations -0.48
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.48
Diluted earnings (loss) per share from continuing and discontinued operations -0.48
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1.The above unaudited standalone and consolidated financial results for the quarter ended June 30, 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 11th August, 2025. n2.The above unaudited standalone and consolidated financial results for the quarter ended June 30th, 2025 have been prepared in accordance with Indian AS as prescribed under section 134 of the Companies Act, 2013. n n3.The Company raised the funds by way of issue of Convertible Warrants on Preferential Basis to the Promoter Group and Non-Promoters in 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 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 were sub-divided from 1 share of Rs. 10 each to 10 shares of Rs. 1 each having record date 09.08.2024. The company received an amount of Rs 147.02 Million during the current quarter. The Company has received total amount of Rs 930.35 Million till 30th June, 2025. n4.The company has received proceeds from preferential allotment till 30th June 2025 amounting to Rs 930.35 Million. The Utilization of the Net Proceeds towards the Objects of the Preferential issue through Convertible Warrants is summarized below: nParticulars Amount to be funded from Amount Utilised till n(Rs. in Million) the Net Proceeds 30.06.2025 n (Rs. in Million) n nDecorative laminates including nbigger size (Jumbo size) laminates nmanufacturing Project at Mansa 900.00 686.61 n nWorking Capital Margin Requirement 100.00 0.00 n nMDF Plant & Machinery as well as nCivil Work for existing MDF nManufacturing Plants 100.00 89.59 n nGeneral Corporate Purpose 126.61 33.57 n nTotal 1226.61 809.77 n nBalance Unutilized as on 30.06.2025 120.58 n n5. During the quarter, (i) the company has converted 6,60,000 Convertible Warrants into 66,00,000 equity shares of Rs. 1 each on 24.06.2025 (ii) 3,30,000 warrants have been forfeited as per provision of Regulation 169(3) of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as some of the warrant holders did not exercise or partly opted the conversion option within 18 months from the date of the allotment i.e. on or before June 22, 2025. (iii) The Competent Authority “Securities Appellate Tribunal, Mumbai” has given its order of “status quo” for one of the warrant holder namely “Vespera Fund Limited” for exercising an option for conversion of 10,00,000 warrants into equity. Hence, Vespera Fund Limited could not participate in the conversion of its 10,00,000 warrants into equity shares till the permitted timeline of 22nd June, 2025. As per the “Status Quo” order of the authority, Company has not forfeited the 10,00,000 convertible warrants of Vespera Fund Limited even though it has not paid the balance 75% amount to the Company. On getting final order of Securities Appellate Tribunal, Mumbai, Company will act according to order of authority. n n6.During the current quarter, on April 9, 2025, a fire occurred at the Energy plant Area of our MDF Manufacturing Plant in Andhra Pradesh. This incident temporarily disrupted production operations, which resumed on May 14, 2025. The plant has adequate insurance coverage, and the company is in the process of filing an insurance claim for both fire loss and loss of profit. Necessary financial accounting entries will be made once the claim is approved. n n7.During the quarter, the Company recognized a total foreign exchange loss of INR 57.09 million, primarily on account of the revaluation of its ECA loan in EURO. This loss was driven by an adverse movement in the EURO-INR exchange rate. This has been recorded under other expenses as foreign exchange fluctuation loss in the financial results. n n8.Earnings Per Share (EPS) is calculated after considering the effect of stock split in the unaudited financial results for quarter ended June 30, 2025. (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.) n n9.Up to quarter ended 30th June 2025, Company has invested SGD 20,100 in its wholly owned subsidiary Rushil Decor Pte Ltd (Singapore). n n10.During the quarter ended on 30th June 2025, company has invested Rs. 6.85 million in its subsidiary Rushil Modala Ply Ltd. n n11.Segment Information as per Ind-AS 108, “Operating Segments” is disclosed in Segment Reporting. n n12.The figures for the preceding 3 months ended 31st March, 2025 are the balancing figures between the audited figures in respect of the full financial Year ended 31st March, 2025 and the year-to-date figures up to the third quarter of that financial Year n n13.Previous period figures have been re-arranged/re-grouped wherever necessary. n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Laminates & allied products 445280000 445280000
2 Medium Density Fiber Board 1285890000 1285890000
3 Polyvinayl Chloride Board 85930000 85930000
4 Unallocated 0 0
Total Segment Revenue 1817100000
Less: Inter segment revenue 44230000 44230000
Revenue from operations 1772870000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Laminates & allied products 31590000 31590000
2 Medium Density Fiber Board -135730000 -135730000
3 Polyvinayl Chloride Board 5800000 5800000
4 Unallocated 0 0
Total Profit before tax -98340000
i. Finance cost 83040000 83040000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax -181380000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Laminates & allied products 3786050000 3786050000
2 Medium Density Fiber Board 8209970000 8209970000
3 Polyvinayl Chloride Board 340360000 340360000
4 Unallocated 0 0
Total Segment Asset 12336380000 12336380000
Un-allocable Assets 0 0
Net Segment Asset 12336380000 12336380000
4 Segment Liabilities
Segment Liabilities
1 Laminates & allied products 766590000 766590000
2 Medium Density Fiber Board 2319990000 2319990000
3 Polyvinayl Chloride Board 88510000 88510000
4 Unallocated 2823430000 2823430000
Total Segment Liabilities 5998520000 5998520000
Un-allocable Liabilities 0 0
Net Segment Liabilities 5998520000 5998520000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 200000 200000
Total Amount of items that will not be reclassified to profit and loss 200000
2 Income tax relating to items that will not be reclassified to profit or loss 50000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 150000





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 23-Dec-2023
Amount Raised 930400000
Report filed for Quarter ended 30-Jun-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised No
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 false
Comments of the Audit Committee after review false
Comments of the auditors, if any false
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at Mansa NA 900000000 0 686610000 0 The project is in progress and the fund will be used in due course of time
2 Working Capital Margin Requirement NA 100000000 0 0 0 The fund will be used in due course of time
3 MDF Plant & Machinery asnwell as Civil Work for existing MDFnManufacturing Plants NA 100000000 0 89590000 0 The work is in progress and the fund will be used in due course of time
4 General Corporate Purpose NA 126610000 0 33570000 0 The fund will be used in due course of time


Signatory Details
Name of signatory Hasmukh Modi
Designation of person Company Secretary and Compliance Officer
Place Ahmedabad
Date 11-Aug-2025




Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 2755290000
B Of the total amount outstanding, amount of default as on date 0
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0
B Of the total amount outstanding, amount of default as on date 0
3. Total financial indebtedness of the listed entity including short-term and long-term debt 0