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GULSHAN POLYOLS LTD. - 532457 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

 Furtherance to our intimations dated October 14, 2022 and in pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022, we wish to inform that the Company/RTA has issued the Letter of Confirmations to the respective shareholders in lieu of original share certificates reported to be lost / misplaced by them, as per the enclosed attachment. Request you to please take the same on records.
09-11-2022
Bigul

Q2FY23 Quarterly Result Announced for Gulshan Polyols Ltd.

 Commodity chemicals firm Gulshan Polyols announced Q2FY23 results: Q2FY23 vs Q2FY22: Revenue from operations has remained stable at Rs 2,763.8 million in Q2FY23 from Rs 2,772.8 million in Q2FY22. Considering the peak use of manufacturing facilities led by strong demand for products the revenue growth was limited EBITDA decreased by 57.0% from Rs 474.0 million in Q2FY22 to Rs 203.9 million in Q2FY23 and margins contracted from 17.1% in Q2FY22 to 7.3% in Q2FY23 owing to elevated commodity prices impacting raw material and power & fuel cost PAT stood at Rs 90.9 million in Q2FY23, compared to Rs 283.7 million in Q2FY22 recording a decline of 68.0% due to operational factors as mentioned above H1FY23 v/s H1FY22: Revenue from operations has increased from Rs 5,158.4 million in H1FY22 to Rs.5,465.7 million in H1FY23. COGS/Input costs have increased by 23.2% as compared to the same period YoY considering the increased raw material cost and power cost Subsequently the EBITDA margins declined from 17.6% in H1FY22 to 7.7% in H1FY23 PAT stood at Rs 192.7 million in H1FY23, compared to Rs 545.3 million in H1FY22 and margins decreased to 3.5% in H1FY23 from 10.6% in H1FY22. The management of the company said, “We are happy to share our financial and business performance for Q2 and H1FY23, revenue from operations remained relatively stable at Rs 2,763.8 mn in Q2FY23 from Rs 2,772.8 mn in Q2FY22, owing to peak utilisation of our capacities. However, the company continued to witness robust demand for its product across all the three segments. Our products continue to maintain their dominant market share. However, the commodity headwinds prevalent in Q2 FY23 in the form of higher raw material costs (primarily cost of rice and maize), up by approximately 20-35% and elevated coal prices, which almost doubled and hovered around their all-time high during September 2022, have put pressure on our operating margins. As we move forward, we are observing softening in the price of our key raw materials owing to increasing grain reserves as asserted by the government, ban on export of damaged rice and setting in of the new kharif crop. Further, the increasing production of coal in South Africa and China has led to cooling off of the global coal prices and will positively impact us in the upcoming quarters. Additionally, the recent price increase of ethanol from sugarcane is reflective of government’s continuous effort for compensating the elevated costs of production. With over four decades of experience in the business we have faced similar cost pressures and have time and again emerged stronger from the same. We are confident of continuing the same and believe that our capacity expansion plan and business strategies are well aligned to capitalise on the market opportunities created by robust consumption led demand. We would like to highlight the following updates with respect to our individual business segments: In the Grain Processing segment, we continue to remain one of the top manufacturers of sorbitol, fructose syrup and maize starch in the country. All of our product continued to showcase healthy demand in particular the demand for maize starch, used in semi-kraft paper, has increased led by the exponential growth in the e-commerce industry. In order to meet the increased demand, our capacity expansion plan to enhance capacities by 20% in Grain Processing segment is proceeding on schedule. In the Ethanol (Bio-Fuel)/Distillery segment, we would like to emphasize that our capex plan for establishing a 500 KLPD ethanol facility in Madhya Pradesh is progressing well and a loan of Rs 1,200 Mn has been disbursed from HSBC as of 30th September 2022. The plant's operations are expected to begin in Q4 FY23 which will establish us as dominant player in grain-based ethanol and support the current 60 KLPD facility which continues to operate at more than 100% capacity utilization. The developments at Assam plant are also progressing as planned. In the mineral processing segment, we expect the revenues from our contract with Meghna Pulp & Paper Mills Limited to start yielding results in upcoming quarter. The company aims to grow its revenue by expanding its product portfolio through continual R&D; and improve its margins by increasing contribution from higher margin products. We would like to express our gratitude to our employees for their ongoing efforts and our investors/ stakeholders for their support and encouragement as we go forward in capturing the growth prospects that lay ahead of us.” Result PDF
09-11-2022
Bigul

GULSHAN POLYOLS LTD. - 532457 - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2022

 Pursuant to Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and any other applicable provisions of the said Regulations, this is to inform that the Board of Directors of the Company at its meeting held today on Wednesday, 09th day of November, 2022 at its Corporate Office at G-81, Preet Vihar, Delhi - 110092, have, interalia considered and approved, the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2022; and A copy of the said results alongwith the Limited Review Report issued by M/s Rajeev Singal & Co., Statutory Auditors of the Company is enclosed. A copy of earning release is also enclosed with the said Results. The meeting of the Board of Directors commenced at 1.00 P.M and concluded at 02.55 P.M. This is for your information and record.
09-11-2022
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GULSHAN POLYOLS LTD. - 532457 - Board Meeting Outcome for Outcome Of Board Meeting Held On November 09, 2022

 Pursuant to Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and any other applicable provisions of the said Regulations, this is to inform that the Board of Directors of the Company at its meeting held today on Wednesday, 09th day of November, 2022 at its Corporate Office at G-81, Preet Vihar, Delhi - 110092, have, interalia considered and approved, the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2022; and A copy of the said results alongwith the Limited Review Report issued by M/s Rajeev Singal & Co., Statutory Auditors of the Company is enclosed. A copy of earning release is also enclosed with the said Results. The meeting of the Board of Directors commenced at 1.00 P.M and concluded at 02.55 P.M. This is for your information and record.
09-11-2022
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GULSHAN POLYOLS LTD. - 532457 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 In reference to our intimation dated November 8, 2022 on the captioned subject, please find enclosed corporate earnings call invitation along with the updated link.
08-11-2022
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GULSHAN POLYOLS LTD. - 532457 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are herewith providing the details of virtual meeting/earnings call scheduled on Wednesday, November 09, 2022, 04.00 P.M IST.
08-11-2022
Bigul

GULSHAN POLYOLS LTD. - 532457 - Board Meeting Intimation for Intimation Of Board Meeting Pursuant To Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements), Regulations, 2015.

 GULSHAN POLYOLS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/11/2022 ,inter alia, to consider and approve Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, November 9, 2022, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Quarter and Half Year ended on September 30, 2022. Further, the trading window of the Company has already been and will remain close until the expiry of 48 hours after the announcement of Outcome of the Board Meeting for all the designated persons (including their Immediate Relatives) pursuant to the Code of Conduct for Prevention of Insider Trading of the Company. This is for your information and records.
02-11-2022
Bigul

GULSHAN POLYOLS LTD. - 532457 - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 In furtherance to intimations dated 10.11.2021 and 04.03.2022 and pursuant to Regulation 30 of Listing Regulation we wish to inform that, the Company had approached the 'Department of Food and Public Distribution' (DFPD) under the modified scheme for extending financial assistance to project proponents for enhancement of their ethanol distillation capacity or to set up distilleries for producing 1st Generation (1G) ethanol from feed stocks such as cereals (rice, wheat, barley, corn & sorghum), sugarcane, sugar beet etc. notified on 22.04.2022 in the form of interest subvention and for which Company has received In-Principle Approval from the 'Government of India' for 'grant of interest subvention' under aforesaid scheme for maximum loan amount of INR 1700 Million / INR 170 Crores for setting up of new Grain Based Distillery of 250 KLPD with Zero Liquid Discharge (ZLD) System for Assam Unit, located at land in Industrial Growth Centre, Matia, District Goalpara, Assam.
01-11-2022
Bigul

GULSHAN POLYOLS LTD. - 532457 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, please find enclosed herewith copy of the newspaper clipping for Notice of Loss of Share Certificate. The advertisement is published in Financial Express (English) All India Edition, today on October 15, 2022.
15-10-2022
Bigul

GULSHAN POLYOLS LTD. - 532457 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

 Pursuant to Regulation 39(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform you that the share certificates details as enclosed in the file have been reported lost. The Company shall process the duplicate share certificates in due course and accordingly Alankit Assignments Limited, Registrar and Share Transfer Agent of the Company shall issue a Letter of Confirmations to the shareholder in lieu of duplicate share certificates within the stipulated time, in compliance with the SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022. You are requested to caution your members and to everyone not to deal in or make any transaction in these shares.
14-10-2022
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