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-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	14-May-2025   11:15:00
End date and time of board meeting	14-May-2025   15:50:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	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	2307330000	8979440000
	Other income	47820000	124790000
	Total income	2355150000	9104230000
2	Expenses
(a)	Cost of materials consumed	1272170000	4964060000
(b)	Purchases of stock-in-trade	-80000	4500000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	23870000	-154080000
(d)	Employee benefit expense	175150000	678840000
(e)	Finance costs	72200000	276450000
(f)	Depreciation, depletion and amortisation expense	75370000	300080000
(f)	Other Expenses
1	Other Expenses	605630000	2428960000
	Total other expenses	605630000	2428960000
	Total expenses	2224310000	8498810000
3	Total profit before exceptional items and tax	130840000	605420000
4	Exceptional items	19960000	19960000
5	Total profit before tax	150800000	625380000
6	Tax expense
7	Current tax	11930000	90500000
8	Deferred tax	12810000	56130000
9	Total tax expenses	24740000	146630000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	126060000	478750000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	126060000	478750000
17	Other comprehensive income net of taxes	1090000	600000
18	Total Comprehensive Income for the period	127150000	479350000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	127410000	480840000
	Total profit or loss, attributable to non-controlling interests	-1350000	-1350000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	128500000	481440000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-1350000	-2090000
21	Details of equity share capital
	Paid-up equity share capital	286820000	286820000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		6038800000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.45	1.75
	Diluted earnings (loss) per share from continuing operations	0.42	1.63
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.45	1.75
	Diluted earnings (loss) per share from continuing and discontinued operations	0.42	1.63
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. The audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their respective meetings held on 14th May, 2025. n2. The Board of Directors at it’s meeting held on 14th May , 2025 has recommended final dividend of Rs. 0.10/-(Ten Paisa) per equity share of Rs. 1 each (10%) subject to approval of the Shareholders at the ensuing Annual General Meeting of the Company. n3. The Company has 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 had 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 are 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 174 Million during the current quarter. Total amount received Rs 783.30 Million till 31st March 2025. The company may receive the balance funds against such warrants in one or more tranches during the time frame as mentioned in the SEBI (ICDR) Regulations. n4. The company has received proceeds from preferential allotment till 31st March 2025 amounting to Rs 783.30 Million. The Utilization of the Net Proceeds towards the Objects of the Preferential issue through Convertible Warrants is summarized below: n nParticulars Amount to be funded from the Net Proceeds Amount incurred till 31.03.2025 n (Rs. in Million) (Rs. in Million) nDecorative laminates nincluding bigger size (Jumbo n size) laminates manufacturing n Project at Mansa 900.00 664.30 n nWorking Capital Margin Requirement 100.00 0.00 n nMDF Plant & Machinery as well as n Civil Work for existing MDF nManufacturing Plants 100.00 85.20 n nGeneral Corporate Purpose 126.61 33.60 n nTotal 1226.61 783.10 n nBalance Unutilized as on 31.03.2025 0.20 n n5. During the quarter, the company has converted 1,10,00,000 Convertible Warrants into equal number of equity shares of Rs. 1 each on 17.03.2025. n

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

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	7040140000
	Capital work-in-progress	74780000
	Investment property	0
	Goodwill	0
	Other intangible assets	52200000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	130000
	Trade receivables, non-current	41480000
	Loans, non-current	840000
	Other non-current financial assets	93590000
	Total non-current financial assets	136040000
	Deferred tax assets (net)	0
	Other non-current assets	79860000
	Total non-current assets	7383020000
2	Current assets
	Inventories	2411950000
	Current financial asset
	Current investments	0
	Trade receivables, current	1869700000
	Cash and cash equivalents	5960000
	Bank balance other than cash and cash equivalents	46770000
	Loans, current	0
	Other current financial assets	0
	Total current financial assets	1922430000
	Current tax assets (net)	0
	Other current assets	673140000
	Total current assets	5007520000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	12390540000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	286820000
	Other equity	6038800000
	Total equity attributable to owners of parent	6325620000
	Non controlling interest	37880000
	Total equity	6363500000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1387670000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	135440000
	Total non-current financial liabilities	1523110000
	Provisions, non-current	42220000
	Deferred tax liabilities (net)	617580000
	Deferred government grants, Non-current	0
	Other non-current liabilities	24310000
	Total non-current liabilities	2207220000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1283540000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	65070000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2139950000
	Total Trade payable	2205020000
	Other current financial liabilities	5130000
	Total current financial liabilities	3493690000
	Other current liabilities	132450000
	Provisions, current	182380000
	Current tax liabilities (Net)	11300000
	Deferred government grants, Current	0
	Total current liabilities	3819820000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	6027040000
	Total equity and liabilites	12390540000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

6. Earning Per Share (EPS) is calculated after considering the effect of stock split in the Audited financial results for quarter and year ended March 31, 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.) n7. Rushil Decor Limited has began commercial production of Phase 1 at its newly set-up manufacturing plant at Village ltla, Near Kalyanpura Patia, Gandhinagar Mansa Road, Tal. Mansa, District Gandhinagar, Gujarat - 382845 which focused on the production of Jumbo size laminate sheets with a capacity of about 1.2 Million sheets (if considered as 1 mm sheet) per annum. n8.As per the sanctioned order of incentives under the Andhra Pradesh Industrial Development Policy (IDP) for its manufacturing plant at Atchutapuram – Andhra Pradesh, company has recognized SGST Reimbursement amounting to Rs 68.28 Million under Other Operating Revenue and Reimbursement of Power amounting to Rs 24.83 Million as reduction from Power cost under other expenses. n9. Other income includes Revenue Subsidy from Karnataka Government amounting to Rs 21.38 Million. n10. During the quarter, the Company has sold its land of Navalgadh unit resulted in gain of Rs. 19.96 Million. The said gain is reflected under the exceptional item in the statement of Profit & Loss. n11. Segment Information as per Ind-AS 108, “Operating Segments” is disclosed in Segment Reporting. n12. The figures for the quarter ended 31 March 2025 and for the corresponding quarter ended 31 March 2024 are the balancing figures between standalone audited figures in respect of the full financial year and the published year to date standalone figures upto the nine months of the respective financial year ending on 31 March. The published year to date figures upto the nine months of the relevant financial year were subjected to Limited Review. n13. Previous period figures have been re-arranged/re-grouped wherever necessary.

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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Laminates and allied Products	543660000	2017740000
2	Medium Density Fiber Board	1716530000	6733850000
3	Polyvinayl Chloride Board	70790000	287340000
4	Plywood	19190000	66050000
5	Unallocated	0	0
	Total Segment Revenue	2350170000	9104980000
	Less: Inter segment revenue	42840000	42840000
	Revenue from operations	2307330000	8979440000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Laminates and allied Products	55780000	194650000
2	Medium Density Fiber Board	146450000	682480000
3	Polyvinayl Chloride Board	2380000	3750000
4	Plywood	-1580000	990000
5	Unallocated	19960000	19960000
	Total Profit before tax	222990000	901830000
	i. Finance cost	72190000	72190000
	ii. Other Unallocable Expenditure net off Unallocable income	0	0
	Profit before tax	150800000	625380000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Laminates and allied Products	2943590000	2943590000
2	Medium Density Fiber Board	8926230000	8926230000
3	Polyvinayl Chloride Board	388810000	388810000
4	Plywood	131910000	131910000
5	Unallocated	0	0
	Total Segment Asset	12390540000	12390540000
	Un-allocable Assets	0	0
	Net Segment Asset	12390540000	12390540000
4	Segment Liabilities
	Segment Liabilities
1	Laminates and allied Products	706440000	706440000
2	Medium Density Fiber Board	2503780000	2503780000
3	Polyvinayl Chloride Board	101640000	101640000
4	Plywood	54620000	54620000
5	Unallocated	0	0
	Total Segment Liabilities	3366480000	3366480000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	3366480000	3366480000
	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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	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 profit or loss	1460000	800000
	Total Amount of items that will not be reclassified to profit and loss	1460000	800000
2	Income tax relating to items that will not be reclassified to profit or loss	370000	200000
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	0
5	Total Other comprehensive income	1090000	600000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			625380000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			276450000
	Adjustments for decrease (increase) in inventories			-161340000
	Adjustments for decrease (increase) in trade receivables, current			-222060000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-359940000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			57970000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			520520000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			27740000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			300080000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			113400000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			4390000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-20960000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			536250000
	Net cash flows from (used in) operations			1161630000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			80230000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			1081400000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			24040000
	Purchase of property, plant and equipment			1082890000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			87980000
	Net cash flows from (used in) investing activities	-970870000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			35420000
	Proceeds from issuing other equity instruments			444730000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			284750000
	Payments of lease liabilities			0
	Dividends paid			27490000
	Interest paid			276450000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-108540000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			1990000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			1990000
	Cash and cash equivalents cash flow statement at beginning of period			3970000
	Cash and cash equivalents cash flow statement at end of period			5960000