Rushil decor Limited has announced a significant technological upgradation at its laminate sheet manufacturing unit located in Mansa, Gujarat. The company informed stock exchanges on April 01, 2026, about this strategic initiative under Regulation 30 of the SEBI (LODR) Regulations.

Technological Transition Details

The company has decided to discontinue its existing steam boiler system, which was being used for two press machines, and replace it with a Thermic Fluid Heater system. The new system, which is presently used for the third press, will cater to all existing presses, including the two presses currently operated through the steam boiler.

Expected Benefits and Improvements

The technological transition is expected to deliver multiple operational and environmental advantages:

• Improved fuel efficiency through advanced heating technology
• Reduction in water consumption compared to steam boiler operations
• Enhanced overall plant efficiency across manufacturing processes
• Better product quality and productivity of laminate sheets
• Operational safety improvements through automation features
• Reduced manpower dependency via auto-feeding mechanisms

The new Thermic Fluid Heater system enables automation through auto-feeding mechanisms, replacing the manual feeding system used in the steam boiler configuration.

Impact Assessment and Operations

The technological upgradation affects specific manufacturing units while maintaining continuity in other operations:

Financial Impact

To implement the technological changes, the affected plant will remain temporarily shut down until approximately April 20, 2026. The company estimates a sales loss of approximately Rs. 4 crores during this shutdown period.

The company clarified that its other two manufacturing units located at Dholakuva and Mansa GIDC in Gujarat will continue their operations without any interruption, ensuring business continuity during the upgradation period.

Rushil Decor Limited has successfully completed the utilization of Rs 93.04 crores raised through its preferential issue of convertible warrants, marking the conclusion of its fund deployment for the quarter ended December 31, 2025. The company filed its statement of deviation/variation under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming no deviation from the originally stated objectives.

Fund Raising and Utilization Overview

The company's preferential issue, originally sized at Rs 122.66 crores with warrant allotment dated December 23, 2023, saw partial realization due to regulatory forfeitures. The fund utilization details are presented below:

Object-wise Fund Deployment

The company allocated the raised funds across four primary objectives, with complete deployment as per the original plan:

Regulatory Compliance and Monitoring

The fund utilization was monitored by CARE Ratings Limited as the designated monitoring agency. The company's Audit Committee reviewed the statement and provided no adverse comments, confirming adherence to the stated objectives. The auditors also provided no comments, indicating compliance with regulatory requirements.

Final Disclosure Confirmation

Rushil Decor Limited confirmed this as the final disclosure on the preferential issue, stating that the purpose of the issue has been completed with full utilization of the realized amount. The company also clarified that no warrants remain pending for conversion into equity shares, effectively concluding the preferential issue process.

The statement was signed by Company Secretary Hasmukh K. Modi and submitted to both NSE and BSE on February 10, 2026, fulfilling the company's regulatory obligations under SEBI guidelines.