Gulshan Polyols : Communication to shareholders as per Reg 30

Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Maám,

In furtherance to our earlier intimations dated November 10, 2021 and March 4, 2022 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and any other applicable provisions of the said Regulations, 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 (Rupees One Hundred Seventy Crores Only) 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.

The aforesaid disclosure is being done under abundant caution and compliance.

This is for your information and records.

Thanking you,

Yours faithfully

For GULSHAN POLYOLS LIMITED

(Asha Mittal)

Company Secretary

Regd. Off.: 9th K.M., Jansath Road, Muzaffarnagar, (U.P.) 251001, Ph.: (0131)32958800, Fax: (0131) 2661378