General information about company |
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| 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 | Consolidated | ||
| 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 | ||
Financial Results Ind-AS |
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|---|---|---|---|
| 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 | Consolidated | |
| 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 | 1791570000 | ||
| Other income | 4420000 | ||
| Total income | 1795990000 | ||
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 968880000 | |
| (b) | Purchases of stock-in-trade | 1070000 | |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 77310000 | |
| (d) | Employee benefit expense | 167750000 | |
| (e) | Finance costs | 84400000 | |
| (f) | Depreciation, depletion and amortisation expense | 83660000 | |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 598210000 | 598210000 |
| Total other expenses | 598210000 | ||
| Total expenses | 1981280000 | ||
| 3 | Total profit before exceptional items and tax | -185290000 | |
| 4 | Exceptional items | 0 | |
| 5 | Total profit before tax | -185290000 | |
| 6 | Tax expense | ||
| 7 | Current tax | 0 | |
| 8 | Deferred tax | -44600000 | |
| 9 | Total tax expenses | -44600000 | |
| 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 | -140690000 | |
| 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 | -140690000 | |
| 17 | Other comprehensive income net of taxes | 150000 | |
| 18 | Total Comprehensive Income for the period | -140540000 | |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | -139780000 | ||
| Total profit or loss, attributable to non-controlling interests | -910000 | ||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | -139630000 | ||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | -910000 | ||
| 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 | -0.49 | ||
| Diluted earnings (loss) per share from continuing operations | -0.49 | ||
| 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 | -0.49 | ||
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.49 | ||
| 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 |
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| 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 n n | ||
Remarks |
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| 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 |
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| 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 | Consolidated | ||||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Laminates & allied products | 445280000 | 445280000 | ||||
| 2 | Medium Density Fiber Board | 1285900000 | 1285900000 | ||||
| 3 | Polyvinayl Chloride Board | 85930000 | 85930000 | ||||
| 4 | Plywood | 18740000 | 18740000 | ||||
| 5 | Unallocated | 0 | 0 | ||||
| Total Segment Revenue | 1835850000 | ||||||
| Less: Inter segment revenue | 44280000 | 44280000 | |||||
| Revenue from operations | 1791570000 | ||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Laminates & allied products | 29570000 | 29570000 | ||||
| 2 | Medium Density Fiber Board | -135730000 | -135730000 | ||||
| 3 | Polyvinayl Chloride Board | 5800000 | 5800000 | ||||
| 4 | Plywood | -530000 | -530000 | ||||
| 5 | Unallocated | 0 | 0 | ||||
| Total Profit before tax | -100890000 | ||||||
| i. Finance cost | 84400000 | 84400000 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 0 | 0 | |||||
| Profit before tax | -185290000 | ||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Laminates & allied products | 3736590000 | 3736590000 | ||||
| 2 | Medium Density Fiber Board | 8209970000 | 8209970000 | ||||
| 3 | Polyvinayl Chloride Board | 340360000 | 340360000 | ||||
| 4 | Plywood | 143320000 | 143320000 | ||||
| 5 | Unallocated | 0 | 0 | ||||
| Total Segment Asset | 12430240000 | 12430240000 | |||||
| Un-allocable Assets | 0 | 0 | |||||
| Net Segment Asset | 12430240000 | 12430240000 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Laminates & allied products | 767610000 | 767610000 | ||||
| 2 | Medium Density Fiber Board | 2319990000 | 2319990000 | ||||
| 3 | Polyvinayl Chloride Board | 88510000 | 88510000 | ||||
| 4 | Plywood | 54450000 | 54450000 | ||||
| 5 | Unallocated | 2823430000 | 2823430000 | ||||
| Total Segment Liabilities | 6053990000 | 6053990000 | |||||
| Un-allocable Liabilities | 0 | 0 | |||||
| Net Segment Liabilities | 6053990000 | 6053990000 | |||||
| Disclosure of notes on segments | |||||||
Other Comprehensive Income |
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|---|---|---|---|
| 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 | Consolidated | |
| 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 Proft and 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 | |