Rushil Decor awaits funds as convertible warrants extension adds delay

Rushil Decor Limited reported on November 28, 2025, an update regarding an order passed by the Securities Appellate Tribunal (SAT), Mumbai, concerning Vespera Fund Limited and SEBI. The "Status Quo" direction, initially given for six weeks, has been further extended by two weeks, as per an order dated November 20, 2025.

The extension impacts Rushil Decor's financial operations as the company awaits the balance of 75% of the funds related to 1,000,000 warrants issued to Vespera Fund Limited. The warrants were issued at a rate of INR 297 per warrant.

Rushil Decor has already received 25% of the total amount, equivalent to INR 7.42 Crores, at the time of allotment. The pending amount, totaling INR 22.27 Crores, represents the remaining 75% that the company is awaiting. The current extension necessitates further delay in receiving these funds.