The Exchange had sought clarification from Rushil Decor Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
RUSHIL · price
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The NSE asked Rushil Decor to explain why its financial results for the quarter ended 31-Mar-2025 did not follow the format prescribed by SEBI. The company clarified that its subsidiary was only incorporated in FY 2023-24 but had no operations or financial activity to consolidate at that time. The subsidiary's subscription, allotment, and business operations only commenced in FY 2024-25, so the comparative figures for FY 2023-24 were correctly shown on a standalone basis. Rushil Decor also noted that it had previously submitted only standalone results for FY 2023-24 on 9th May 2024. The company stated that its current submission is fully aligned with the actual facts and figures.
This is a procedural clarification with no material impact on the company's financials, business, or shareholders. The filing is a routine compliance response and is unlikely to affect the stock price.