Rushil Decor Limited calls for call money payment towards partly paid equity shares

The Board of Directors of Rushil Decor Limited at their meeting held today, i.e. 31st October 2020 in accordance with the disclosures made in the Letter of Offer dated 7th September, 2020 (the "Letter of Offer") and in compliance with the provisions of the Companies Act, 2013 and the rules framed thereunder, the rules and regulations framed by the Securities and Exchange Board of India, Articles of Association and other applicable laws, has decided to issue the Notice of First Call for receipt of First Call money of Rs.12.50 (consisting of Rs.2.50 towards the face value and Rs.10 towards Securities Premium) per Rights Equity Share issued and allotted pursuant to the Rights Issue of the Company.

The board has fixed 11th November, 2020 as the Record Date for the purpose of determining the shareholders of the Rights Equity Shares to whom the call notices will be dispatched for payment of the first call on the Rights Equity Shares.

The board has also decided the last date for payment of first call for the eligible equity shareholders is 2nd December, 2020 (the Board of Directors may from time to time, at its discretion, extend the time fixed, for the payments of the Call).

The Rights Equity Shares in respect of which the First Call payable remains unpaid may be forfeited at any time after the last date for payment of the First call amount due.

Shares of RUSHIL DECOR LTD. was last trading in BSE at Rs.89.2 as compared to the previous close of Rs. 88.8. The total number of shares traded during the day was 2872 in over 179 trades.

The stock hit an intraday high of Rs. 92 and intraday low of 86. The net turnover during the day was Rs. 256452.

Source : Equity Bulls

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