Rushil Decor logo

Rushil Decor MD, chairman, board of directors and AGM

NSE: RUSHILBSE: 533470Consumer DurablesSmall Cap

Last close ₹15.18up ₹1.23 (8.82%)BSE ₹15.12

Share price at the NSE close on 23 Oct 2026. Previous close ₹13.95.

52-week range of traded prices to 23 Oct 2026
₹12.49Low, 30 Mar 2026₹27.64High, 29 Oct 2025
Market cap
₹445 Cr1,835th largest listed
P/E
19.5
P/B
0.7
Dividend yield
0.33%
ROE
3.6%
ROCE
6.1%
Debt to equity
0.40
Volume, NSE
9,25,58759.5% delivered

Rushil Decor board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonKRUPESH GHANSHYAMBHAI THAKKARRelated to the promoter
  • Managing directorRUSHIL KRUPESH THAKKAR
  • Company Secretary and Compliance OfficerHasmukh K. Modi

6 directors3 independent3 executive

  • KRUPESH GHANSHYAMBHAI THAKKAR · ChairpersonExecutive · joined May 1993 · reappointed Sep 2022 · 1 listed board · 1 committee seat
  • RUSHIL KRUPESH THAKKAR · Managing directorExecutive · joined Aug 2021 · reappointed Aug 2026 · 1 listed board · 1 committee seat
  • RAMANIKBHAI TEJABHAI KANSAGARAExecutive · joined Feb 2019 · reappointed Aug 2024 · 1 listed board · 2 committee seats
  • HIREN MAHADEVIAIndependent · joined Aug 2024 · reappointed Aug 2025 · 25 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
  • KANTILAL AMBALAL PUJIndependent · joined Aug 2021 · reappointed Aug 2022 · 61 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • SHREYABEN MILANKUMAR SHAHIndependent · joined Nov 2022 · reappointed Nov 2022 · 46 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 8 Aug 20266 of 6 present3 independent · 70 days in between
    • 29 May 20266 of 6 present3 independent

  • Audit Committee

    Chair KANTILAL AMBALAL PUJ

    SHREYABEN MILANKUMAR SHAH, RAMANIKBHAI TEJABHAI KANSAGARA, HIREN MAHADEVIA

    • 8 Aug 20264 of 4 present3 independent · 70 days in between
    • 29 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair KANTILAL AMBALAL PUJ

    SHREYABEN MILANKUMAR SHAH, KRUPESH GHANSHYAMBHAI THAKKAR, HIREN MAHADEVIA

    • 7 Aug 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair KANTILAL AMBALAL PUJ

    KRUPESH GHANSHYAMBHAI THAKKAR, RUSHIL KRUPESH THAKKAR, RAMANIKBHAI TEJABHAI KANSAGARA

    No meeting listed in the filing.

  • Risk Management Committee

    Chair KRUPESH GHANSHYAMBHAI THAKKAR

    RAMANIKBHAI TEJABHAI KANSAGARA, SHREYABEN MILANKUMAR SHAH

    • 7 Aug 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair KRUPESH GHANSHYAMBHAI THAKKAR

    RUSHIL KRUPESH THAKKAR, SHREYABEN MILANKUMAR SHAH

    • 7 Aug 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Pankaj R. Shah & AssociatesPeer-review certificate valid to Oct 2027
1 earlier auditor
  • Pankaj R. ShahNamed in the filing for the quarter to Mar 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Rushil Decor AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Rushil Decor dividend history

Annual general meeting, 28 Sep 2026

50,025 shareholders on the register on 21 Sep 2026; present: 4 promoters and 52 others; votes counted by ASHISH C DOSHI / SPANJ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.30%

    Turnout: all 55.84% · promoters 100.00% · institutions 1.89% · other public 1.65%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the Report of the Auditors thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.84%

    Turnout: all 55.84% · promoters 100.00% · institutions 1.89% · other public 1.65%

  3. To declare a final dividend of ₹ 0.05 (Five Paisa) per equity share of face value of ₹ 1 each, for the financial year ended 31st March, 2026
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.31%

    Turnout: all 55.84% · promoters 100.00% · institutions 1.89% · other public 1.65%

  4. To appoint a Director in place of Mr. Rushil Krupesh Thakkar (DIN: 06432117), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.33%

    Turnout: all 55.84% · promoters 100.00% · institutions 1.89% · other public 1.65%

  5. Appointment of M/s. Parikh & Majmudar, Chartered Accountants, Ahmedabad as the Statutory Auditors of the Company
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.33%

    Turnout: all 55.84% · promoters 100.00% · institutions 1.89% · other public 1.65%

  6. Reappointment of Mr. Rushil Krupesh Thakkar (DIN: 06432117) as Managing Director of the Company, liable to retire by rotation
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.40%

    Turnout: all 55.84% · promoters 100.00% · institutions 1.89% · other public 1.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2025, 6 resolutions

57,464 shareholders on the register on 13 Sep 2025; present: 7 promoters and 44 others; votes counted by ASHISH C DOSHI / SPANJ & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 56.99% · promoters 100.00% · institutions 0.00% · other public 1.47%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March 2025, together with the Report of the Auditors thereon.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 56.99% · promoters 100.00% · institutions 0.00% · other public 1.47%

  3. To declare a final dividend of RS. 0.10 per equity share of face value of RS. 1 each, for the financial year ended 31st March, 2025
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 56.99% · promoters 100.00% · institutions 0.00% · other public 1.47%

  4. To appoint a Director in place of Mr. Ramanik T. Kansagara (DIN: 08341541), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 56.99% · promoters 100.00% · institutions 0.00% · other public 1.47%

  5. Appointment of SPANJ and Associates, Practicing Company Secretaries, (Firm Registration No. P2014GJ034800), as the Secretarial Auditors of the Company to hold office for a period of five consecutive financial years commencing from FY 2025-26 to FY 2029-30MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 56.99% · promoters 100.00% · institutions 0.00% · other public 1.47%

  6. Re-Appointment of Mr. Hiren S. Mahadevia (DIN:00156429) as an Independent Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.46%

    Turnout: all 56.99% · promoters 100.00% · institutions 0.00% · other public 1.47%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Dec 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. TO RE-DESIGNATE MR. KRUPESH THAKKAR (DIN: 01059666) AS WHOLE TIME DIRECTOR
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.06%

    Turnout: all 54.26% · promoters 94.73% · institutions 36.80% · other public 2.58%

  2. TO RE-DESIGNATE MR. RUSHIL THAKKAR (DIN: 06432117) AS MANAGING DIRECTOR
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.06%

    Turnout: all 54.27% · promoters 94.73% · institutions 36.80% · other public 2.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Sep 2024, 6 resolutions

Present: 6 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 54.92% · promoters 99.34% · institutions 0.00% · other public 1.09%

  2. To declare a final dividend of Rs. 1.00 per equity share of Rs. 10 each, for the Financial Year ended 31st March, 2024.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.54%

    Turnout: all 54.92% · promoters 99.34% · institutions 0.00% · other public 1.09%

  3. To appoint a Director in place of Mr. Rushil Thakkar (DIN: 06432117), who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.61%

    Turnout: all 54.92% · promoters 99.34% · institutions 0.00% · other public 1.09%

  4. Re-appointment of Mr. Ramanik T. Kansagara (DIN: 08341541) as an Whole Time Director of the Company for a term of five years
    Ordinary
    99.98% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.74%

    Turnout: all 54.92% · promoters 99.34% · institutions 0.00% · other public 1.09%

  5. Appointment of Mr. Hiren S. Mahadevia (DIN:00156429) as a Director and as an Independent Director:
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.23%

    Turnout: all 54.92% · promoters 99.34% · institutions 0.00% · other public 1.09%

  6. To consider and if thought fit, approve the limit for investments, extending loans and giving guarantees or providing securities
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.20%

    Turnout: all 54.92% · promoters 99.34% · institutions 0.00% · other public 1.09%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 Jul 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Approval for Sub-division/ split of existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 10 (Ten) Equity Shares of face value of Rs. 1/- (Rupee One) each fully paid upMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.84%

    Turnout: all 56.86% · promoters 100.00% · institutions 0.00% · other public 1.11%

  2. Alteration of Capital Clause (Clause V) of the Memorandum of Association of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.91%

    Turnout: all 56.86% · promoters 100.00% · institutions 0.00% · other public 1.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Nov 2023, 1 resolution

Present: 4 promoters and 36 others.The company's voting result (opens in a new tab)

  1. Issuance of Warrants Convertible into Equity Shares on Preferential Basis
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.89% · promoters 100.00% · institutions 0.00% · other public 3.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2023, 4 resolutions

Present: 6 promoters and 50 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2023 and the Report of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 60.09% · promoters 100.00% · institutions 0.00% · other public 8.67%

  2. To declare final dividend on the Equity Shares for the Financial Year ended 31st March, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 60.09% · promoters 100.00% · institutions 0.00% · other public 8.67%

  3. To appoint a Director in place of Mr. Ramanik T. Kansagara (DIN: 08341541), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 60.09% · promoters 100.00% · institutions 0.00% · other public 8.67%

  4. To appointment and fixing the remuneration of Mrs. Krupa K. Thakkar, relative of director(s) of the company.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 16.45% · promoters 22.61% · institutions 0.00% · other public 8.67%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Jan 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Shreya M. Shah (DIN: 09726000) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.96%

    Turnout: all 55.40% · promoters 100.00% · institutions 0.00% · other public 0.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines

Reported in the filing for the quarter to Sep 2026.

  • Fine or penaltyBombay Stock ExchangeSince 14 Aug 2026

    Fine of Rs. 2000 plus GST imposed on the Company for delay of filing Share Holding Pattern by one day.

    1 day Delay in filing Shareholding Pattern with BSE Limited

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED93.04For Decorative laminates including bigger size (Jumbo size) laminates manufacturing Project at Mansa90.0080.00NoNOAudit committee: NOAuditors: NO
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED93.04Working Capital Margin Requirement10.000.00NoNOAudit committee: NOAuditors: NO
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED93.04For MDF Plant & Machinery as well as Civil Work for existing MDF Manufacturing Plants10.009.67NoNOAudit committee: NOAuditors: NO
Preferential IssuesDec 2023, checked by CARE RATINGS LIMITED93.04For Corporate General Purpose12.663.37NoNOAudit committee: NOAuditors: NO
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.