Rushil Décor Limited announced at the board meeting held on July 6, 2024, approve incorporation of Subsidiary Company in the name of Rushil Fasteners Private Limited or any other name as may be approved by the Central Registration Centre, Ministry of Corporate Affairs for the business of fasteners and other allied items. Name of the target entity, details in brief such as size, turnover etc.: Proposed Name: Rushil Fasteners Private Limited or any other name as may be approved by the Central Registration Centre, Ministry of Corporate Affairs. Proposed Authorized Capital: Initially at the time of incorporation INR 100,000/- divided into 10,000 equity shares with a nominal value of INR 10/- each. The same will be increased to INR 200 million or more as per requirement of the project.

Proposed Paid-up Capital: Initially INR 100,000/divided into 10,000 equity shares with a nominal value of INR 10/- each. The same will be increased to INR 200 million or more as per requirement of the project. Turnover: Not applicable since the Company is yet to be incorporated.

Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length": The Proposed Company once incorporated will be related party of Rushil Decor Limited (RDL). Promoter/Promoter group will be interested in the transaction.

Subscription of shares will be on arm's length price. Industry to which the entity being acquired belongs: The proposed company to be incorporated would be in the business of Fasteners and other allied items. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity): The proposed Company shall be incorporated for the purpose of manufacture and sale of Fasteners and other allied products. The business of the proposed Company is complementary or support to the main line of the business of the listed entity.

The Company "RDL" shall subscribe 55% of the paid up Equity Share Capital in cash in the proposed subsidiary company. This percentage of holding will be maintained in future whenever the paid up capital is increased by the Subsidiary Company. Initially, RDL will subscribe to 5,500 Equity shares of INR 10/- each aggregating to INR 55,000/-.

The same subscription will be increased by RDL to INR 110,000,000/- or more as per requirement of the project. Date of Incorporation: Yet to be incorporated. Country of Incorporation: To be incorporated in India.