Gulshan Polyols Limited has made available the audio recording of its earnings conference call held on February 12, 2026, following the announcement of Q3FY26 financial results. The company disclosed this information to stock exchanges on February 12, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q3FY26 Financial Performance

The company delivered strong financial performance in Q3FY26, with significant improvements across key metrics. The earnings call provided detailed insights into the company's operational and financial achievements during the quarter ended December 31, 2025.

Segment-wise Performance Highlights

Ethanol Division Excellence

The ethanol segment emerged as the primary growth driver, demonstrating exceptional performance with revenue of ₹457 Cr and EBITDA of ₹78 Cr in Q3FY26, achieving an impressive EBITDA margin of 17.00%. The company operates ethanol facilities across multiple locations with a combined capacity of 810 KLPD.

Grain Processing Operations

The grain processing division generated revenue of ₹147 Cr with EBITDA of ₹2.40 Cr in Q3FY26, reflecting an EBITDA margin of 1.60%. This segment encompasses manufacturing facilities in Gujarat and Uttar Pradesh, producing sorbitol, liquid glucose, native starch, and other derivatives.

Mineral Processing Stability

The mineral processing segment maintained consistent performance with revenue of ₹23 Cr and EBITDA of ₹6 Cr, achieving a stable EBITDA margin of 24.80% in Q3FY26.

Government Incentives and Support

During Q3FY26, Gulshan Polyols received significant financial assistance totaling ₹21.80 Cr under the MP Investment Promotion Assistance Scheme, 2014. The breakdown includes Production Linked Fiscal Assistance of ₹20.59 Cr across FY2023-24 and FY2024-25, along with additional reimbursements and subsidies.

Audio Recording Accessibility

The audio recording of the earnings conference call is now available on the company's website at https://www.gulshanindia.com/audio-recording.html . The communication was signed by Preeti Singhal, Company Secretary & Compliance Officer, ensuring transparency and equal access to material information for all market participants.

Regulatory Compliance

The company maintains full compliance with SEBI regulations, with the investor presentation also available at https://www.gulshanindia.com/Investor_Presentation.html . Gulshan Polyols trades on BSE with scrip code 532457 and on NSE with the symbol GULPOLY, ensuring broad market accessibility for investors and analysts.

Gulshan Polyols has temporarily suspended operations at its Bourgain manufacturing facility following the death of a contract worker. The company has taken immediate action to halt production activities as a precautionary measure during this critical situation.

Operational Impact

The temporary suspension affects the company's Bourgain facility operations, with production activities currently on hold. This decision reflects the company's priority on safety protocols and proper investigation procedures following the workplace incident.

Safety Measures

The halt in operations allows for comprehensive investigation and implementation of necessary safety measures. The company's response demonstrates adherence to regulatory requirements and commitment to maintaining workplace safety standards for all personnel, including contract workers.

Current Status

The temporary nature of the suspension indicates the company's intention to resume operations once appropriate measures and investigations are completed. The incident highlights the importance of comprehensive safety protocols across all manufacturing operations.