Gulshan Polyols Limited , a prominent player in the polyols industry, has received substantial financial assistance from the Madhya Pradesh government. The company announced on December 26, 2025, that it has received a total of Rs 16.42 crore from MP Industrial Development Corporation Limited (MPIDC) under various schemes.

Latest Financial Assistance Breakdown

The company has received the following assistance from MPIDC:

Previous Assistance Record

This latest assistance adds to the company's previous receipt of Rs 5.38 crore under the MP Investment Promotion Assistance Scheme, 2014 for the financial year 2023-24, demonstrating the company's continued eligibility for government support schemes.

Regulatory Compliance

Gulshan Polyols Limited has maintained proper regulatory compliance by informing the stock exchanges about this development. The company made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as communicated through letter reference GPLSEC61(2025-26).

Company Profile

This significant financial assistance is expected to strengthen the company's financial position and support its operational capabilities, particularly with the capital subsidy for the Zero Liquid Discharge Plant reflecting the company's commitment to environmental sustainability.

Gulshan Polyols Limited has submitted compliance certificates from four associated trusts to the stock exchanges, confirming adherence to regulatory requirements for the financial year 2024-25. The company informed BSE Limited and National Stock Exchange of India Limited about receiving these certificates on December 23, 2025.

Trust Compliance Certificates Received

The company received compliance certificates from the following four trusts:

Regulatory Background

These trusts operate under a SEBI exemption order dated June 22, 2021, bearing reference number WTM/SKM/CFD/37/2021-22 under Regulation 11(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption order grants relief from complying with regulation 3(1) and regulation 4 of the takeover regulations regarding acquisition of shareholding in Gulshan Polyols Limited.

As per the exemption order and SEBI circular dated December 22, 2017 (reference number SEBI/HO/CFD/DCR1/CIR/P/2017/131), these trusts are required to obtain annual compliance status certification from independent auditors and furnish certificates to stock exchanges for public disclosure.

Auditor Confirmation

Rakesh K. Agarwal Co., Chartered Accountants, conducted examinations of records and documents furnished by each trust to ascertain compliance with various terms and conditions laid down in the SEBI circular. The auditor confirmed that all four trusts are in compliance with the exemption order and SEBI circular requirements for the financial year 2024-25.

Trust Details

All four trusts maintain their office at G-81, Preet Vihar, Delhi-110092, with Dr. Chandra Kumar Jain serving as trustee. The Mridula Family Trust was formerly known as Gulshan Holding Trust. Each trust submitted its compliance certificate to both BSE Limited and National Stock Exchange of India Limited, with copies endorsed to SEBI for their records.

Company Secretary Communication

Preeti Singhal, Company Secretary and Compliance Officer of Gulshan Polyols Limited, communicated the receipt of these compliance certificates to the stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure ensures transparency and adherence to regulatory requirements for public disclosure of material information.