Rushil Decor Limited has announced that its board of directors will convene on January 28, 2026, to review and approve the company's quarterly financial performance. The meeting has been scheduled in compliance with SEBI regulations governing listed companies' disclosure requirements.

Board Meeting Details

The board meeting will focus on key financial matters for the third quarter of fiscal year 2026. The company has outlined specific agenda items that will be addressed during this important corporate governance event.

Financial Results Consideration

The primary objective of the board meeting involves the consideration, approval, and recording of unaudited financial results. The directors will review both standalone and consolidated financial statements for the quarter ended December 31, 2025. This quarterly review represents a standard corporate practice for publicly listed companies to maintain transparency with stakeholders.

Trading Window Restrictions

In accordance with SEBI's insider trading prevention regulations, Rushil Decor Limited has implemented trading window restrictions. The company has established specific timelines to ensure compliance with regulatory requirements and maintain market integrity.

The trading window closure affects all designated persons under the company's code of conduct for trading activities. This measure ensures that no insider information is used for trading purposes during the period leading up to and immediately following the financial results announcement.

Regulatory Compliance

The board meeting announcement demonstrates Rushil Decor Limited's commitment to regulatory compliance and corporate governance standards. The company has notified both major stock exchanges - NSE (symbol: RUSHIL) and BSE (scrip code: 533470) - about the scheduled meeting as required under Regulation 29 of SEBI listing obligations.

The meeting notification was signed by Company Secretary Hasmukh K. Modi and submitted to stock exchanges on January 8, 2026. This advance notice provides market participants and stakeholders with adequate information about the upcoming financial disclosure timeline.

The Securities Appellate Tribunal (SAT) case involving Rushil Decor Limited and Vespera Fund Limited has reached a decisive conclusion with the company's Fund Raising Committee approving the forfeiture of convertible warrants worth ₹7.43 crores. This development follows the expiry of SAT's status quo order and Vespera Fund's agreement to the forfeiture decision.

Fund Raising Committee Decision

The Fund Raising Committee of Rushil Decor's Board of Directors, in its meeting held on December 12, 2025, approved the forfeiture of ₹7.43 crores representing 25% of the amount paid on 10 lakh convertible warrants. The decision was taken due to non-receipt of the remaining 75% consideration from Vespera Fund Limited.

Background and SAT Proceedings

The case originated from Vespera Fund Limited's appeal against SEBI's order concerning Rushil Decor's convertible warrants. SAT had initially dismissed Vespera Fund's appeal against SEBI's order and extended the status quo on 1,000,000 warrants for six weeks. The latest status quo direction given by SAT for a period of two weeks by virtue of order dated November 20, 2025, expired on December 10, 2025.

Mutual Agreement on Forfeiture

Following the expiry of SAT's status quo order, Rushil Decor initiated communication with Vespera Fund Limited to determine the further course of action. The company received communication from Vespera Fund Limited agreeing to the company's decision to forfeit the warrants, paving the way for the Fund Raising Committee's formal approval.

Regulatory Compliance

The forfeiture decision has been taken in accordance with Regulation 169(3) of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. This regulation governs the forfeiture of warrants when the warrant holders fail to pay the remaining consideration within the stipulated timeframe.

Impact and Next Steps

With the forfeiture now formalized, Rushil Decor will retain the ₹7.43 crores paid as 25% consideration while the 10 lakh convertible warrants will cease to exist. The company has disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for all stakeholders. The matter details are also being made available on the company's website at www.rushil.com .