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, a prominent player in the Indian chemical industry, has announced the appointment of two new non-executive directors to its board, effective October 1, 2025. The appointments, approved at the company's 25th Annual General Meeting held on September 18, 2025, are set to bring fresh perspectives and diverse expertise to the company's leadership.

New Appointments

Rahul Jain

• Appointed as Non-Executive Independent Director
• Two-year term ending September 30, 2027
• Fellow Member of the Institute of Cost Accountants of India
• Over 15 years of experience in cost and management accounting
• Founder of Rahul Jain & Associates (established 2011)
• Expertise in cost audit, management consultancy, taxation, and accounting
• Notable clients include ACC India Pvt. Ltd., Supertech Ltd., and Paras Lubricants Ltd.

Anubha Gupta

• Appointed as Non-Executive and Non-Independent Director
• Postgraduate Diploma in History of Art from Courtauld Institute of Art, University of London
• B.A. (Hons) in English Literature from Jesus and Mary College, University of Delhi
• Over a decade of entrepreneurial experience in various leadership roles

Expertise and Experience

Jain's appointment is expected to strengthen Gulshan Polyols' financial oversight and cost management strategies. His expertise in compliance and business advisory services aligns well with the company's governance needs.

Gupta brings a unique blend of artistic sensibility and business acumen to the board. Her experience in managing diverse investment interests, including hydropower projects, hospitality ventures, and strategic investments, is likely to contribute to Gulshan Polyols' strategic planning and business scaling efforts.

Family Ties and Corporate Governance

Anubha Gupta is a company promoter and daughter of Dr. Chandra Kumar Jain, who is also a promoter. This appointment highlights the continued involvement of the founding family in the company's leadership while also bringing in external expertise through Rahul Jain's independent directorship.

Other AGM Proceedings

The 25th Annual General Meeting also saw the approval of several important resolutions, including:

• Adoption of audited financial statements for the year ended March 31, 2025
• Declaration of a dividend of ₹0.30 per equity share
• Appointment of M/s. TVA & Co. LLP as the Secretarial Auditors for a five-year term
• Approval of remuneration frameworks for executive and non-executive directors

Looking Ahead

With these new appointments and the approval of key resolutions, Gulshan Polyols Limited appears to be positioning itself for continued growth and improved corporate governance. The diverse backgrounds of the new directors, combined with the experience of the existing board members, are expected to provide a well-rounded leadership approach as the company moves forward in the dynamic chemical industry landscape.