5334702025-04-012025-06-305334702025-06-305334702025-04-012025-06-30in-capmkt:OtherExpenses1Member5334702025-04-012025-06-30in-capmkt:ReportableSegments1Member5334702025-04-012025-06-30in-capmkt:ReportableSegments2Member5334702025-04-012025-06-30in-capmkt:ReportableSegments3Member5334702025-04-012025-06-30in-capmkt:ReportableSegments4Member5334702025-04-012025-06-30in-capmkt:ReportableSegments1Member5334702025-04-012025-06-30in-capmkt:ReportableSegments2Member5334702025-04-012025-06-30in-capmkt:ReportableSegments3Member5334702025-04-012025-06-30in-capmkt:ReportableSegments4Member5334702025-04-012025-06-30in-capmkt:ReportableSegments1Member5334702025-06-30in-capmkt:ReportableSegments1Member5334702025-04-012025-06-30in-capmkt:ReportableSegments2Member5334702025-06-30in-capmkt:ReportableSegments2Member5334702025-04-012025-06-30in-capmkt:ReportableSegments3Member5334702025-06-30in-capmkt:ReportableSegments3Member5334702025-04-012025-06-30in-capmkt:ReportableSegments4Member5334702025-06-30in-capmkt:ReportableSegments4Member5334702025-04-012025-06-30in-capmkt:ReportableSegments1Member5334702025-06-30in-capmkt:ReportableSegments1Member5334702025-04-012025-06-30in-capmkt:ReportableSegments2Member5334702025-06-30in-capmkt:ReportableSegments2Member5334702025-04-012025-06-30in-capmkt:ReportableSegments3Member5334702025-06-30in-capmkt:ReportableSegments3Member5334702025-04-012025-06-30in-capmkt:ReportableSegments4Member5334702025-06-30in-capmkt:ReportableSegments4Member5334702025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15334702025-06-30Statement15334702025-04-012025-06-30Statement15334702025-06-30StatementDynamic1I1Statement15334702025-06-30StatementDynamic1I2Statement15334702025-06-30StatementDynamic1I3Statement15334702025-06-30StatementDynamic1I4Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares533470RUSHILNOTLISTEDINE573K01025RUSHIL DECOR LIMITEDMain BoardEquity2025-04-012026-03-312025-08-112025-07-31INRMillionsQuarterlyFirst quarterMulti segment2025-08-1111:15:002025-08-1113:45:00Not applicabletrue1true2025-04-012025-06-30UnauditedStandalone17728700004390000177726000095941000007715000016342000083040000827400005928800001958640000-1813800000-1813800000-44550000-445500000-1368300000000-136830000150000-1366800002934200001-0.48-0.4800-0.48-0.481.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. <BR> 2.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. <BR> <BR> 3.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. <BR> 4.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: <BR> Particulars Amount to be funded from Amount Utilised till <BR> (Rs. in Million) the Net Proceeds 30.06.2025 <BR> (Rs. in Million) <BR> <BR> Decorative laminates including <BR> bigger size (Jumbo size) laminates <BR> manufacturing Project at Mansa 900.00 686.61 <BR> <BR> Working Capital Margin Requirement 100.00 0.00 <BR> <BR> MDF Plant & Machinery as well as <BR> Civil Work for existing MDF <BR> Manufacturing Plants 100.00 89.59 <BR> <BR> General Corporate Purpose 126.61 33.57 <BR> <BR> Total 1226.61 809.77 <BR> <BR> Balance Unutilized as on 30.06.2025 120.58 <BR> <BR> 5. 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. <BR> <BR> 6.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. <BR> <BR> 7.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. <BR> <BR> 8.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.) <BR> <BR> 9.Up to quarter ended 30th June 2025, Company has invested SGD 20,100 in its wholly owned subsidiary Rushil Decor Pte Ltd (Singapore). <BR> <BR> 10.During the quarter ended on 30th June 2025, company has invested Rs. 6.85 million in its subsidiary Rushil Modala Ply Ltd. <BR> <BR> 11.Segment Information as per Ind-AS 108, “Operating Segments” is disclosed in Segment Reporting. <BR> <BR> 12.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 <BR> <BR> 13.Previous period figures have been re-arranged/re-grouped wherever necessary. <BR> Other Expenses592880000Laminates & allied products445280000Medium Density Fiber Board1285890000Polyvinayl Chloride Board85930000Unallocated01817100000442300001772870000Laminates & allied products31590000Medium Density Fiber Board-135730000Polyvinayl Chloride Board5800000Unallocated0-98340000830400000-181380000Laminates & allied products3786050000Medium Density Fiber Board8209970000Polyvinayl Chloride Board340360000Unallocated012336380000012336380000Laminates & allied products766590000Medium Density Fiber Board2319990000Polyvinayl Chloride Board88510000Unallocated2823430000599852000005998520000Items that will not be reclassified to profit or loss20000020000050000015000027552900000000Preferential Issues2023-12-239304000002025-06-30trueCARE Ratings LimitedfalsefalsefalsefalseHasmukh ModiCompany Secretary and Compliance OfficerAhmedabad2025-08-11Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at MansaNA90000000006866100000The project is in progress and the fund will be used in due course of timeWorking Capital Margin RequirementNA100000000000The fund will be used in due course of timeMDF Plant & Machinery asnwell as Civil Work for existing MDFnManufacturing PlantsNA1000000000895900000The work is in progress and the fund will be used in due course of timeGeneral Corporate PurposeNA1266100000335700000The fund will be used in due course of time