Rushil Décor Limited announced a private placement to issue up to 42,00,000 warrants convertible into equity shares of face value of INR 10 each at a price of INR 297 per warrant for the aggregate gross proceeds of INR 124,74,00,000 on October 26, 2023. Each warrant would be convertible into, or exchangeable, at an option of Proposed Allottee, within a maximum period of 18 months from the date of allotment of Warrants into equivalent number of fully paid up equity share of face value of INR 10 each of the company. The transaction will include participation from individual investors such as Rushil Krupesh Thakkar for 11,00,000 warrants, Masumi Thakkar for 1,00,000 warrants, Vinod Sethi for 1,00,000 warrants, Kushaal Saraf for 75,000 warrants, Navin Mahavimrasad Dalmia for 50,000 warrants, Pradip Ratanchand Surana for 50,000 warrants, Briiendra Kumar for 50,000 warrants, Rahul Menon for 50,000 warrants, Vineet Arora for 50,000 warrants, Ande Prathap Reddv for 50,000 warrants, Aditva Aesarwal for 50,000 warrants, Riouniav Assrawal for 50,000 warrants, Sharad Goe for 50,000 warrants, Nalin Vrailal Shah for 45,000 warrants, Adiraiu Raiendra Prasad for 40,000 warrants, Dayata Sirish for 40,000 warrants, Virai Asearwal for 40,000 warrants, Nikhil Tvaei for 40,000 warrants, Reena Karwa for 35,000 warrants, Anoop Jain (HUF) for 35,000 warrants, Anoop Jain for 35,000 warrants, Gaurav Verma for 35,000 warrants, Dilip Keshrimal Sanklecha for 30,000 warrants, Sangeeta Venkatraman for 30,000 warrants, Sureshchand Narsinglal Jain for 25,000 warrants, Lanka V N Muralidhar for 25,000 warrants, Abhishek Asarwala for 20,000 warrants and other investors such as Vespera Fund limited for 10,00,000 warrants, NAV CAPITAL VCC - NAV CAPITAL EMERGING STAR FUND for 2,00,000 warrants, NVS Brokeraee Private Limited for 1.00.000 warrants, NVS Corporate Consultancy Private Limited for 1,00,000 warrants, Amar Alliance Securities Private Limited for 1,00,000 warrants, Omkara Capital for 1,00,000 warrants, Technegic General Tradins LLC for 1.00.000 warrants, Wow Investments for 70,000 warrants, Luxurious Inland Developers LLP for 35,000 warrants, BRI Resources Private Limited for 30,000 warrants, Goshar Infrastructure for 25,000 warrants, Hwotenuse Investment for 20,000 warrants and Ten Eiehty Investment for 20,000 warrants.

The transaction has been approved by the Board of Directors of the company.