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The above Audited Financial Results have been reviewed and recommended by the Audit committee and approved by the Board of Directors in their respective meetings held on May 22, 2026. These Results have been subjected to Audit by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and they have expressed an unmodified opinion on the aforesaid Results. <BR> 2. The above Audited Financial Results has been prepared in accordance with Indian Accounting Standards (‘IND AS') prescribed under Section 133 of the Companies Act, 2013 read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other recognised accounting practices and policies to the extent applicable. <BR> 3. The Board of Directors has recommended the Final Dividend at the rate 150% of amounting Rs. 1.50/- per equity share in their meeting held today on May 22, 2026 subject to the approval of the shareholders in ensuing Annual General Meeting of the Company. <BR> 4. The Nomination, Remuneration and Compensation Committee had recommended in its meeting held on June 08, 2023, to grant Options under GPL Employees Stock Option Scheme - 2018 to selective employees, which was due for vesting during the period from 15th May 2026 to 15th June 2026 at the exercise rate of Rs. 251.00 (Two hundred fifty one) per share (based on the Average Buying cost of the Company from the BSE/NSE market). <BR> 5. During quarter ended 31 December 2025, the Company had changed its accounting treatment for recognizing the Government Grant in form of “Interest Subvention scheme (ISS) on Term Loans for setting up of its Ethanol plants” to make it uniform and comparative with accounting treatment of other eligible Grants. <BR> Consequently, subsidy income of Rs. 536.90 Lakh booked for the period 01 April, 2025 to 30 September, 2025 was reversed in previous quarter. <BR> 6. Pursuant to the dissolution of foreign subsidiary, Gulshan Overseas – FZCO, Dubai, UAE, the Company ceased to have control over the subsidiary and, accordingly, consolidation has been discontinued. Consequently, the Company has not prepared consolidated financial statements for the financial year ended at 31 March 2026. <BR> The Financial Impact, if any, arising on such closure was recognized in the Statement of Profit and Loss under the head “Exceptional Items” during the year. <BR> 7. On 21 November 2025, the Government of India notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”), consolidate twenty-nine existing labour laws into a unified framework. <BR> Based on the actuarial valuation, the Company has recognised provision of Rs. 4.76 Lakh towards gratuity liability for financial year ended March 31st 2026 which is disclosed under “Employee Benefit Expense”. <BR> Any excess provision previously made, pursuant to above notification, which was based on management estimates have been reversed during the quarter ended March 31st 2026. <BR> 8. The Current Tax for the year ended on March 31, 2026 includes earlier years taxes amounting to Rs. 112.62 Lakh. <BR> 9. Figures for the quarter ended March 31, 2026 and the corresponding quarter ended in the previous year as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published unaudited figures upto the end of the third quarter of the relevant financial year. <BR> 10. Figures for the previous period have been regrouped/ rearranged wherever necessary to make them comparable with current figure. <BR> 11. The Audited Financial Results of Gulshan Polyols Limited for the above mentioned period are available on our website, www.gulshanindia.com and on the Stock Exchange website i.e www.nseindia.com and www.bseindia.com. <BR> 2025-04-012026-03-31AuditedStandalone231242180001969900023143917000148198330001066110004180450004921080004085250004521040004990650000216878760001456041000-234800014536930002249570001572690003822260000107146700000001071467000-6810001070786000623710001712338700017.1817.180017.1817.18Other Expenses1265631000Other Expenses4990650000693667100070004000268500000340000000473519000002110060006845250000491040007767494000222915500002058475000277587000345300007077000003047215000527637000013043864000623710007123387000718575800071857580001000813000533050001054118000843900049440200011403000156836200021244370001528340001440822000159365600033864100040567340002140330000189770004289744000585810600013043864000Other non-current financial assets211006000Other non-current assets49104000Other current assets707700000Other Financial Liabilities53305000Other liabilities11403000Other financial liabilities338641000Other liabilities214033000Ethanol(Bio-Fuel)/Distillery3627600000Grain Processing1629008000Mineral Processing251576000Unallocated0Ethanol(Bio-Fuel)/Distillery16090889000Grain Processing6102864000Mineral Processing930465000Unallocated0550818400023124218000550818400023124218000Ethanol(Bio-Fuel)/Distillery530535000Grain Processing24508000Mineral Processing41498000Unallocated-56074000Ethanol(Bio-Fuel)/Distillery1778462000Grain Processing-44359000Mineral Processing173038000Unallocated-42575000540467000186456600084945000408525000023480004555220001453693000Ethanol(Bio-Fuel)/Distillery8571618000Grain Processing3144100000Mineral Processing784074000Unallocated54407200013043864000013043864000Ethanol(Bio-Fuel)/Distillery3879415000Grain Processing1224416000Mineral Processing224253000Unallocated530022000585810600005858106000408525000670053000-2139840000678460000000-5905380000-39077000045210400000-6400000001106600004091600000-15060000078320900022369020000001624160000207448600000000000300000263728000035000000000000000000000001106600000-602362000000000000791398000-49000018711000408525000011864000-1206280000265844000026584400011743000277587000Gain/(Loss) on equity instruments-4508000Gain/(Loss) of defined benefit obligation2704000-1804000Gain/(Loss) on equity instruments-2823000Gain/(Loss) of defined benefit obligation2323000-50000036000181000-1840000-681000Gulshan Polyols Limited******CHANDRA KUMAR JAIN******Promoter and Chairman & Managing DirectorAny other transactionRent Paid30000000Approved by Audit Committee540000000Gulshan Polyols Limited******MRIDULA JAIN******Promoter and relative of Executive DirectorAny other transactionRent Paid2500000Approved by Audit Committee48000000Gulshan Polyols Limited******CHANDRA KUMAR JAIN******Promoter and Chairman & Managing DirectorRemunerationAs per the Companies Act, 20131502000000Gulshan Polyols Limited******ARUSHI JAIN******Promoter and Joint Managing DirectorRemunerationAs per the Companies Act, 2013520400000Gulshan Polyols Limited******ADITI PASARI******Promoter and Joint Managing DirectorRemunerationAs per the Companies Act, 201352040000031308000AuditedtrueM/s Shahid & Associatestrue2029-03-31