Gulshan Polyols re-appoints auditors for FY 2026-27

Gulshan Polyols Limited has re-appointed its statutory auditors for the financial year 2026-27. The Board of Directors approved the re-appointment of M/s MM & Associates as the Cost Auditor and M/s MANV & Associates as the Internal Auditor during a meeting held on May 22, 2026. These decisions were made based on the recommendations of the Audit Committee.

Details of Appointments

The table below outlines the key details regarding the re-appointment of both auditors:

S.No	Details of events	Cost Auditor	Internal Auditor
1.	Name	M/s MM & Associates	M/s MANV & Associates
2.	Reason for change	The Board of Directors on recommendation of the Audit Committee, have considered and approved the re-appointment of M/s MM & Associates, Cost Accountants as the Cost Auditors of the Company for the Financial Year 2026-27.	The Board of Directors on recommendation of the Audit Committee, have considered and approved the re-appointment of M/s MANV & Associates, Chartered Accountants as the Internal Auditors of the Company for the Financial Year 2026-27.
3.	Date of appointment & Term	22.05.2026 Term of Re-appointment: for Financial Year 2026- 27.	22.05.2026 Term of Re-appointment: for Financial Year 2026- 27.
4.	Brief profile	M/s MM & Associates is a firm of Cost Accountants, practicing in the field of Cost Accountancy & Auditing, GST, and Income Tax etc.	MANV & Associates is Firm of Chartered Accountants with an experience of more than 40 years in the field of Audit and Assurance, Taxation Compliance and Business Advisory.

Auditor Profiles

M/s MM & Associates is a firm of Cost Accountants practicing in the fields of cost accountancy, auditing, GST, and income tax. Meanwhile, M/s MANV & Associates is a firm of Chartered Accountants with more than 40 years of experience in audit and assurance, taxation compliance, and business advisory services. The intimation regarding these appointments has been submitted to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.27%	-5.67%	-0.02%	+26.82%	-7.04%	+27.23%

Gulshan Polyols Limited has secured an additional allocation for the supply of ethanol to Oil Marketing Companies (OMCs) under the Ethanol Blended Petrol Programme (EBPP). The company disclosed this development on May 13, 2026, in compliance with Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Order Details

Gulshan Polyols participated in a tender (Tender Ref. No. 1000442332 (C-1) / E Tender No. 22376) floated by OMCs for Ethanol Supply Year (ESY) 2025-26 across various locations in the country. The company has been allocated an additional quantity for the Q3 period of ESY 2025-26. The key parameters of the order are presented below:

Parameter:	Details
Awarding Entities:	Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL)
Order Quantity:	2923 Kiloliters of Ethanol
Estimated Order Value:	₹18,70,72,000
Nature of Order:	Additional allocation for supply of Ethanol to OMCs
Period of Supply:	Q3 of ESY 2025-26
Execution Timeline:	ESY 2025-26
Domestic / International:	Domestic
Related Party Transaction:	Not Applicable
Promoter Interest in Awarding Entity:	No

Compliance and Disclosure

The intimation was made in accordance with applicable SEBI regulations and the relevant circular. The company confirmed that the awarding entities — BPCL and IOCL — have no promoter or promoter group interest, and the contract does not fall within the scope of related party transactions. The disclosure was signed by Dr. Chandra Kumar Jain, Chairman and Managing Director of Gulshan Polyols Limited.