Gulshan Polyols Limited

rs,

ite: www.gulshanindia.com To, BSE Limited Department of Corporate Service, Floor 25, P. J. Towers, Dalal Street, Mumbai Maharashtra- 400 001 National Stock Exchange of India Limited Listing Depar

2,100 MT

Mineral Processing Division Timeline of Company Increased capacity of Calcium Carbonate from 2,100 MT to 10,500 MT. IPO & Listing on BSE. Set up Starch Sugar plant at Bharuch with capacity of 15,0

10,500 MT

ocessing Division Timeline of Company Increased capacity of Calcium Carbonate from 2,100 MT to 10,500 MT. IPO & Listing on BSE. Set up Starch Sugar plant at Bharuch with capacity of 15,000 MT. Increa

15,000 MT

0 MT to 10,500 MT. IPO & Listing on BSE. Set up Starch Sugar plant at Bharuch with capacity of 15,000 MT. Increased capacity of Sorbitol from 15,000 MT to 60,000 MT. 1981 1984 1989 1991 1994 1997

60,000 MT

plant at Bharuch with capacity of 15,000 MT. Increased capacity of Sorbitol from 15,000 MT to 60,000 MT. 1981 1984 1989 1991 1994 1997 2000 2005 Incorporated as Gulshan Sugars and Chemicals L

10,500 MT

as Gulshan Sugars and Chemicals Limited (GSCL). Increased capacity of Calcium Carbonate from 10,500 MT to 22,500 MT. Increased capacity of Calcium Carbonate from 22,500 MT to 32,000 MT. Incorporat

22,500 MT

ugars and Chemicals Limited (GSCL). Increased capacity of Calcium Carbonate from 10,500 MT to 22,500 MT. Increased capacity of Calcium Carbonate from 22,500 MT to 32,000 MT. Incorporation of Gulsha

32,000 MT

bonate from 10,500 MT to 22,500 MT. Increased capacity of Calcium Carbonate from 22,500 MT to 32,000 MT. Incorporation of Gulshan Polyols Limited by demerger of GSCL. Timeline of Company Merger of

20%

and reducing harmful carbon emissions that contribute to climate change and public health issues. 20%+ Indicates Ethanol Blending Ratio 19.8% 10% 15% 1.5% FY14 FY23 FY24 March FY25 FY26

19.8%

t contribute to climate change and public health issues. 20%+ Indicates Ethanol Blending Ratio 19.8% 10% 15% 1.5% FY14 FY23 FY24 March FY25 FY26 Segment 1: Ethanol & Distillery The India

10%

bute to climate change and public health issues. 20%+ Indicates Ethanol Blending Ratio 19.8% 10% 15% 1.5% FY14 FY23 FY24 March FY25 FY26 Segment 1: Ethanol & Distillery The India ethano

15%

o climate change and public health issues. 20%+ Indicates Ethanol Blending Ratio 19.8% 10% 15% 1.5% FY14 FY23 FY24 March FY25 FY26 Segment 1: Ethanol & Distillery The India ethanol mark

“20%+ Indicates Ethanol Blending Ratio 19.8% 10% 15% 1.5% FY14 FY23 FY24 March FY25 FY26 Segment 1: Ethanol & Distillery The India ethanol market size reached USD 3.00 Billion in 2024.”

“Looking forward, IMARC Group expects the market to reach USD 10.07 Billion by 2033, exhibiting a growth rate(CAGR) of 14.40% during 2025-2033.”

Manufactured

6

Assam Unit

1

Assam Unit

Commercial operations commenced on 15th June 2024. 2016 2017 2018 2020 2023 2024 Setup Native Starch Plant at Muzaffarnagar, Uttar Pradesh. Set up onsite plant in Silverstone Muzaffarnagar, Uttar Pradesh. MP Unit.2: Commercial operations commenced on 1st July 2023. Key Management Dr. Chandra Kumar Jain Chairman Managing Director Ms. Arushi Jain Joint Managing Director Ms. Aditi Pasari Joint Managing Director Ms. Aubha Gupta Director Mr. Ashwani Kumar Vats Chief Executive Officer Mr. Rajiv Gupta Chief Financial Officer Segment 1: Ethanol & Distillery India is taking significant steps toward securing its energy future by embracing sustainable practices like ethanol blending. As the world’s third-largest energy consumer, the country has traditionally depended on oil imports to meet its growing energy demands. This reliance not only poses challenges to energy security but also leads to a substantial outflow of foreign currency. However, with ethanol blending, India has a promising opportun

Manufactured

Precipitated Calcium Carbonate (PCC) Mineral Processing: Financial Performance Revenue EBITDA EBITDA Margin Values in Cr Q3FY25 Q4FY25 Q1FY26 Q2FY26 24 5 25 6 23 5 22 Revenue 6 EBITDA Values in Cr FY22 94 18 FY23 116 34 FY24 100 22 FY25 104 24 21.5% 24.0% 23.9% 26.5% EBITDA Margin 19.2% 29.2% 22.1% 23.1% r C R N I 35 30 25 20 15 10 5 - 24.0% 23.9% 21.5% 26.5% Q3FY25 Q4FY25 Q1FY26 Q2FY26 EBITDA Revenue EBITDA Margin 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% r C R N I 160 140 120 100 80 60 40 20 - 29.2% 19.2% 22.1% 31.0% 29.0% 27.0% 25.0% 23.1% 23.0% 21.0% 19.0% 17.0% 15.0% FY22 FY23 FY24 FY25 EBITDA Revenue EBITDA Margin FY25 Snapshots Ethanol Sales Volume Revenue EBITDA 14.1 Cr Ltr 112% YoY Rs. 1,187 Cr Rs. 69 Cr 141% YoY 179% YoY • We delivered our strongest performance to date in the ethanol segment, this growth was underpinned by successful capacity ramp-ups across all plants. Grain Processing Mineral Processing Revenue Rs. 729 Cr 7% YoY EBITDA Rs. 6 Cr 58% YoY Revenue Rs. 104 Cr 5% Y