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.

Gulshan Polyols Limited, a leading manufacturer of ethanol, grain-based, and mineral-based specialty products, has reported a significant increase in its Q1 EBITDA and announced plans for a substantial fundraise.

Q1 Financial Highlights

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the first quarter stood at ₹366.00 million, representing a robust 56% year-on-year increase from ₹235.00 million in the same period last year. This growth was accompanied by an improvement in the EBITDA margin, which rose to 6.17% from 5.18% in the corresponding quarter of the previous year.

Revenue Growth and Segment Performance

Gulshan Polyols' consolidated revenue from operations for Q1 surged to ₹5,932.32 crore, marking a substantial 30.5% increase from ₹4,545.56 crore in the same quarter of the previous year. The company's performance was particularly strong in its Ethanol (Bio-Fuel)/Distillery segment, which contributed ₹4,031.11 crore to the total revenue.

Profit After Tax

The company reported a consolidated profit after tax of ₹131.40 crore for the quarter, showing a significant improvement of 35.6% compared to ₹96.92 crore in the same quarter of the previous fiscal year.

Segment-wise Performance

While the Ethanol and Mineral Processing segments showed strong performance, the Grain Processing segment faced challenges, reporting a loss at the EBIT level.

Fundraising Plans

In a significant development, Gulshan Polyols' Board of Directors has approved a proposal to raise funds up to ₹250.00 crore. The company plans to raise this capital through a Qualified Institutions Placement (QIP) or other permissible methods, subject to necessary approvals including shareholder consent.

Management Commentary

Dr. Chandra Kumar Jain, Chairman and Managing Director of Gulshan Polyols, commented on the results, stating, "Our strong performance in Q1, particularly in the Ethanol segment, reflects our strategic focus and operational efficiency. The proposed fundraise will further strengthen our position to capitalize on growth opportunities in the evolving ethanol and specialty products market."

The company's focus on the ethanol segment aligns with India's push towards increasing ethanol blending in petrol, which reached approximately 18.93% during the quarter.

Gulshan Polyols continues to navigate market challenges while leveraging its diverse product portfolio across ethanol, grain processing, and mineral processing segments. The company's ability to improve margins and its plans for capital raising indicate a proactive approach to sustaining growth and enhancing shareholder value in the coming quarters.