Rushil Decor Asks BSE to Waive ₹2,000 Penalty for Late Shareholding Filing

Rushil Decor has asked BSE to waive a ₹2,000 fine levied over a late shareholding pattern filing for the quarter ended June 30, 2026. ScanX reported the waiver request, which the company submitted on August 25, 2026 and which remains pending. Rushil Decor is an Ahmedabad-based manufacturer of laminated sheets and fiberboard products listed on the exchange since 1993.

Rushil Decor's Two Filing Dates

The penalty covers the quarterly shareholding pattern disclosure for the quarter ended June 30, 2026. Rushil Decor filed the disclosure with the National Stock Exchange on July 7, 2026, within the deadline, but uploaded it to the BSE Listing Centre on July 22, 2026. In a letter to the exchanges, the company said it had operated under a bona fide understanding that filing with one exchange would satisfy compliance under the single filing mechanism, and that the data was ready and already filed with NSE. Rushil Decor sent clarifications to BSE on July 22, 2026, after receiving an email from the exchange that day. The fine was levied under Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. BSE has separately fined other listed companies for late filings, including a ₹54,280 penalty on Shining Tools for a delayed FY26 annual report and a ₹56,640 penalty on Gala Global Products for the same lapse, both reported by ScanX.

Rushil Decor's Board Review of the Penalty

At its meeting on November 3, 2026, the board noted that the delay was unintentional and stemmed from the procedural misunderstanding. The board advised management to enforce stricter adherence to the required processes to prevent a recurrence. According to akta.pro company records, Rushil Decor reported standalone sales of Rs 215.23 crore for Q3 FY2025, up 2.30% year over year, while standalone net profit fell 50.74% to Rs 5.67 crore from Rs 11.51 crore. The same records put the operating profit margin for that quarter at 10.87%, down from 12.90% a year earlier.

Rushil Decor's Recent Filings and Results

Rushil Decor held its 32nd annual general meeting on September 28, 2026, adopting FY26 financial statements and proposing a final dividend of ₹0.05 per share, ScanX reported. The company appointed M/s. Parikh & Majmudar as statutory auditors and reappointed Rushil K. Thakkar as managing director at that meeting. In August 2026, Rushil Decor reported consolidated net sales of Rs 229.00 crore for June 2026, up 27.82% from Rs 179.16 crore a year earlier, according to Business Standard.

When BSE Will Rule on the Waiver

The waiver request submitted through the company's August 25, 2026 letter remains pending with the stock exchange.