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.

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.