RUSHIL: Rushil Decor Limited has informed the Exchange regarding allotment of 6600000 equity shares of Rs. 1 each on conversion of warrants pursuant to Preferential Issue at its meeting held on Jun 24, 2025.
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Rushil Decor Limited has allotted 66,00,000 equity shares (face value Rs. 1 each) on June 24, 2025, following the conversion of 6,60,000 convertible warrants by 14 non-promoter allottees. The warrants were originally issued in December 2023 at Rs. 297 per warrant on a preferential basis. The company received Rs. 14.70 crore as the balance 75% subscription amount. After this allotment, the paid-up share capital increased to 29,34,16,820 shares from 28,68,16,820 shares. Promoter shareholding has come down slightly from 56.37% to 55.10%, while non-promoter holding rose to 44.90%. So far, 28 lakh of the total 41.30 lakh warrants originally issued have been converted, with 13.30 lakh warrants still pending conversion.
This is a routine completion of a previously announced preferential fundraising, not new dilution beyond what was already disclosed in 2023. Existing shareholders should expect modest dilution of about 2.3% from promoter holdings, but no fresh cash call or new equity supply surprise beyond the known structure.