Annual Report for the FY 2025-26

RDL/038/2026-27 Date: 31.08.2026 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai- 400 001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE: 533470 ISIN: INE573K01025 D ear Sir/Madam, Sub: Submission of Integrated Annual Report for the Financial Year 2025-26 The 32nd Annual General Meeting of Rushil Decor Limited (the Company) is scheduled to be held on Monday, September 28, 2026 at 10.30 A.M. through Video Conferencing (“VC”) / Other Audio Visual Means (OAVM). Pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclose herewith a copy of the Annual Report of Rushil Decor Limited (the Company) for the Financial Year 2025-26. The said Integrated Annual Report is being sent through electronic mode to the Members whose email addresses are registered with the Company/ Registrar and Transfer Agent / National Securities Depository Limited and/or Central Depository Services (India) Limited. In addition, pursuant to Regulation 36(1)(b) of the Listing Regulations, a letter is also being sent to the Members whose email addresses are not registered, stating the web-link where the Annual Report is uploaded on website. The Integrated Annual Report is also available on the Company’s website at www.rushil.com. This is for your information and record. Thanking you Yours Faithfully, For, Rushil Decor Limited Hasmukh K. Modi Company Secretary Encl.: Annual Report for the FY 2025-26 ACROSS THE PAGES Corporate Overview Materials that make EVERY SPACE MATTER 1 Our Journey 6 Financial Highlights 8 Key Financial Trends 10 A Colourful Canvas 11 What sets us apart 12 A Preferred Choice of Customers 14 Our Portfolio 15 Our Manufacturing Facilities 17 About Jumbo Laminates 18 Global Foothold 19 Message from the CM’s Desk 20 Fostering Change, Empowering Communities 22 Exemplary Leadership Team 26 Corporate Information 28 Statutory Reports Notice 29 Board’s Report 45 Management Discussion and Analysis 71 Corporate Governance 84 Business Responsibility and Sustainability reporting (BRSR) 109 Financial Statements Standalone Financial Statements 144 Consolidated Financial Statements 206 CORPORATE STATUTORY FINANCIAL OVERVIEW REPORTS STATEMENTS Materials that make EVERY SPACE MATTER Every space reflects purpose, identity, and aspiration. At Rushil Decor Limited, we believe materials are not just inputs, they form the foundation of spaces where people live, work, and create. With over three decades of experience, the Company has established itself as one of India’s leading manufacturers of laminates, MDF boards, and allied decor products. In FY 2025-26, the Company further strengthened its presence across domestic and international markets, serving customers in more than 57 countries through its focus on quality, innovation, and customer satisfaction. From homes and workplaces to commercial and institutional spaces, our products cater to a wide range of interior applications. Backed by manufacturing excellence, continuous innovation, and a commitment to sustainability, we deliver solutions that combine durability, functionality, and design to meet the evolving needs of customers. 57+ 700+ Countries Served Dealer and Distributor Network Global Export Footprint Pan-India Reach 4,700+ 32+ Retailers / Dealers Years of Manufacturing Pan-India Reach Excellence Since 1993 RRUUSSHHIILL DDEECCOORR LLIIMMIITTEEDD || 3322nndd AANNNNUUAALL RREEPPOORRTT 22002255--2266 1 Transforming Spaces with PASSION. PERSONA. PERSPECTIVE. At Rushil Decor Limited, transformation goes beyond surface and it is about redefining how spaces are experienced. Passion Drives our commitment to quality and innovation Persona Reflects in our diverse designs and product versatility Perspective Enables us to anticipate evolving market needs With over three decades of expertise, we continue to engineer solutions that seamlessly integrate aesthetics, functionality, and sustainability. Export House 3 STAR 3,000+ Workforce Recognition Expanding Sales Footprints: 57 Countries Gulf and Middle East Russia Europe India North America Indonesia Africa Saudi Arabia Latin America 2 Surface Solutions for Modern Interior Spaces CORPORATE STATUTORY FINANCIAL OVERVIEW REPORTS STATEMENTS India’s Leading Laminates and MDF BOARDS MANUFACTURER Rushil Decor Limited is one of India’s leading companies in the organized wood panel industry, offering a comprehensive range of interior solutions. Our Presence at a Glance 32+ 06 57+ Years Of Industry Manufacturing Facilities Countries Global Expertise Across India Footprint 4,700+ 700+ Dealers and Direct Distributors Retailers Core Product Segments • Decorative Laminates Our integrated capabilities and expanding • Eco-friendly MDF and Pre-laminated Boards product ecosystem position us as a trusted partner for residential, commercial and • PVC and WPC Boards industrial applications. • Plywood Vision | Mission | Values Our Vision Our Mission To achieve consistent growth through To create a better everyday life by offering operational excellence, customer- innovative, sustainable, and affordable interior centric innovation, and continuous solutions while delivering long-term value to improvement. stakeholders. Our Values Why Customers Choose Us • Integrity and transparency • Customer-first approach • Consistent product quality • Innovation-driven mindset • Wide design variety • Sustainability commitment • Reliable supply chain • Competitive pricing RUSHIL DECOR LIMITED | 32nd ANNUAL REPORT 2025-26 3 Rooted in Innovation. POWERED BY VALUE CREATION At Rushil Decor, innovation is not a function- it is a culture embedded across our value chain. Driving Value Through: 1. Product Innovation • 1,200+ designs • Continuous development aligned with global trends 2. Operational Excellence • SAP S/4HANA-enabled processes • Efficient, scalable manufacturing systems 3. Market Expansion • Strong domestic distribution • Increasing export contribution 4. Sustainability Focus • Agroforestry-led raw material sourcing • Increasing farmer’s livelihood • Planted over 140 million trees in Karnataka and Andhra Pradesh • Eco-conscious manufacturing practices • Value Creation for Stakeholders • Consistent revenue growth • Strengthening margins through value-added products • Expanding global footprint 4 Surface Solutions for Modern Interior Spaces CORPORATE STATUTORY FINANCIAL OVERVIEW REPORTS STATEMENTS RUSHIL DECOR LIMITED | 32nd ANNUAL REPORT 2025-26 5 A Three-Decade- Old Legacy Since its inception in 1993, Rushil Decor has built a legacy defined by resilience, innovation, and consistent growth. Journey Highlights 1993 2003 2009 Rushil Decor Achieved export Acquisition Ltd. founded in presence across of Land to Ahmedabad, 30+ countries, develop a MDF Gujarat with establishing manufacturing a vision to credibility in unit in manufacture international Chikmagalur, innovative, high- markets. Karnataka. quality laminates. 1997 2007 2011 Commenced Transitioned Successfully export operations, from Rushil completed IPO taking VIR Decor Pvt. Ltd. and listed on BSE laminates to the to Rushil Decor (Scrip: 533470) global market for Ltd., reflecting and NSE (Symbol: the first time. growing scale RUSHIL). and governance. 6 Surface Solutions for Modern Interior Spaces CORPORATE STATUTORY FINANCIAL OVERVIEW REPORTS STATEMENTS Today, Rushil Decor serves 57+ countries, employs 3000+ workforce, operates six manufacturing plants, and maintains a distribution network of over 700+ Direct Distributors and 4700+ dealers / retailers across India a testament to over three decades of compounding effort and vision. Each milestone reflects our ability to adapt, evolve, and lead in a dynamic industry landscape. 2012 2021 Inaugurated the Vizag MDF plant first VIR Studdio commenced experience centre, commercial elevating the operations–marking brand’s retail the Comp [Showing first 8,000 characters — download PDF for full document]